Tag: Underbanked

According to Federal Reserve data, roughly 63 million Americans are unbanked or underbanked and 7.1 million U.S. households are without a bank account completely. Being unbanked makes managing everyday finances...

Principles and practices for championing purpose within financial services As financial institutions unlock the many benefits of building trust with consumers – especially through Covid, and as we move into...

The federal government restarts the small business lending program with a focus on minority-owned businesses, while cities and companies begin their own targeted loan programs to fill in the gaps...

Big banks launching diversity initiatives and neo-banks entering the market to address underbanked communities of color The social unrest during America’s COVID summer has taken a welcome – if unexpected...