Tag Archives: underbanked

FDIC: Share of ‘Unbanked’ Continues Downward Trend

The share of U.S. households that are unbanked continued falling in 2017, reaching 6.5 percent, according to the FDIC’s biennial survey of unbanked and underbanked households released today. Representing the lowest rate yet recorded by the FDIC survey, the drop is attributed to improvements in the socioeconomic circumstances of U.S. households. However, the survey also found that 75 percent of ...

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Six Banks to Receive Community Commitment Awards

The ABA Foundation has recognized six banks for their outstanding commitment to their communities. The ABA Community Commitment Awards — to be presented on Oct. 23 during ABA’s Annual Convention in New York — are given in six categories to honor innovative, high-impact bank programs and projects that produce lasting results in the communities they serve. Bank award winners and ...

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FDIC’s New Affordable Housing Guide Details FHLB Programs

The FDIC today released the third installment of its guide to affordable single-family home loan programs, which collects information about programs to expand access to affordable mortgage credit, including programs targeted in rural and low- and moderate-income communities and to Native Americans and veterans.

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