Hsu urges banks to rethink processes to expand access
To continue to expand financial access, banks need to innovate and consider adjustments to their screening processes, Acting Comptroller of ...
Tag: Unbanked
Thurlow: Banks must build trust with unbanked
Getting unbanked individuals to open a bank account is only half the battle—the other half is earning their trust and ...
Gruenberg: Bank On helping to reduce the number of unbanked
Economic conditions alone can’t account for the drop in unbanked individuals and families in the U.S. over the past decade, ...
Gruenberg credits industry, government with lowering unbanked rate
Efforts by banks and banking trade groups—along with federal government support—have helped drive the number of unbanked Americans to a ...
FDIC: Number of unbanked households drops to new low
Nearly 96% of U.S. households had a depository institution account last year, according to the FDIC’s 2021 National Survey of ...
Fed survey: Americans’ financial well-being improves in 2021
Nearly 8 in 10 U.S. households surveyed in late 2021 said they were “doing OK” or “living comfortably,” according to ...
Lawmakers: USPS financial services pilot program still unlawful
Republican lawmakers ask the U.S. Postal Service to stop the extension of a financial services pilot program that they claim ...
GAO: Regulators Lack ‘Outcome-Oriented Measures’ in Assessing Efforts to Increase Banking Access
A recent report issued by the Government Accountability Office found that some banking regulators lack “outcome-oriented measures” in assessments of ...
FDIC Expands Campaign to Promote Bank Accounts
The FDIC today expanded its public awareness campaign about the benefits of opening a bank account. The campaign now targets ...
Nichols Highlights Importance of Bank On-Certified Accounts
American Bankers Association President and CEO Rob Nichols today emphasized the importance of Bank On-certified accounts as a way to ...
