Fed’s Barr: Bank access only one tool for improving consumer financial health
As part of a cross-sector push to improve consumer financial health, financial institutions will need to prioritize creating products and ...
Tag: Unbanked
Fed survey: Unbanked rate little changed in 2025
Roughly 6% of U.S. adults were unbanked last year, a figure that has held steady since 2021. The Fed survey ...
Podcast: Cybersecurity in a mobile-first banking landscape
Russell Hernandez provides a unique look into the Philippine banking sector, discussing how his mobile-first digital bank tackles account takeover ...
St. Louis Fed finds substantial growth in Bank On accounts
More than 23 million Bank On-certified accounts were opened to date across 45 reporting institutions in 2024 — a 19% ...
Kansas City Fed economist: Bank On may have reduced unbanked rates
An increase in the number of financial institutions offering Bank On-certified accounts may have contributed to the decline in unbanked ...
FDIC: Percentage of unbanked households dropped slightly in 2023
Roughly 4.2% of U.S. households were unbanked in 2023, according to the FDIC’s National Survey of Unbanked and Underbanked Households, ...
FDIC finds VITA sites willing to direct unbanked to financial institutions
A new FDIC survey found most Volunteer Tax Assistance Provider sites are willing to provide their unbanked clients with a ...
Fed survey: Unbanked status continues to vary among income, ethnic groups
While 94% of U.S. adults have a bank account, notable differences remain among different income and ethnic groups, the Federal ...
Podcast: MDI status helps a mutual bank supercharge its strategy
Late in 2023, Warsaw Federal -- a $71 million mutual savings and loan in Cincinnati -- was officially designated as ...
Banks partner with VA to serve veterans in need
A popular program that has banked thousands now offers financial education and credit counseling.
