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While the share of unbanked households in the U.S. dropped to a record low in 2024, one out of three Black households remain unbanked, according to the FDIC. This data...
New FDIC data reveals need for expanded banking options for underserved communities 96% of all U.S. households are banked 76% of households have at least one credit card 66% of...
In the wake of new FDIC data, financial institutions are working to expand access to banking services locally and build trust among underbanked communities While the rate of the unbanked...
How banks like Chase are expanding their branch networks to help support the quarter of low-income Americans without access to financial services Perhaps one of the most significant but unanticipated...
Consumers continue choosing bank and credit union brands that show their commitment to social purpose In this rising-rate, price-sensitive environment, some financial brands that once banked on being known as...
Data finds that low-income households are four times more likely to be “unbanked” and Black households are two-and-a-half times more likely to fall into the ranks of the under- and...
The Story: New research finds a notable upsurge in regular cash usage among consumers, rising 3 percentage points from 2020 levels. This trend indicates a resumption of pre-pandemic cash patterns...
How Black-owned financial institutions are serving communities with low to no access to financial services and improving the economic prospects of the underbanked With 40% of Black adults considered unbanked...
Public, private and social sector partnership includes 24 organizations prioritizing historic financial investments in underserved communities Last week, the White House announced the formation of a new Economic Opportunity Coalition...