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FDIC Survey Finds 96 Percent of U.S. Households Were Banked in 2023

FDIC Survey Finds 96 Percent of U.S. Households Were Banked in 2023

Record low 5.6 million households remain unbanked
ABA Criticizes Proposed Cut to Debit Card Fees

ABA Criticizes Proposed Cut to Debit Card Fees

President and CEO Rob Nichols said proposed rules threaten affordable deposit account products
Trust Building: The Pathway to Improving Financial Literacy Among Underserved Communities

Trust Building: The Pathway to Improving Financial Literacy Among Underserved Communities

Viewed as a critical component of the roadmap to driving economic mobility and financial access for those most in need
Traditional Banks ‘Could Disappear in a Decade’, Survey Says

Traditional Banks ‘Could Disappear in a Decade’, Survey Says

Research indicates that underbanked communities feel the sector will change significantly in the next few years
Bank On Movement on the Rise

Bank On Movement on the Rise

Branches offering Bank On certified accounts have risen significantly as the US seeks to address its “unbanked” population
ABA President Emphasizes Importance of Bank On Certified Accounts

ABA President Emphasizes Importance of Bank On Certified Accounts

Almost half of all US bank branches offer a Bank On-certified account
Individuals in the justice system face barriers in entering the financial system, reveals ABA Foundation

Individuals in the justice system face barriers in entering the financial system, reveals ABA Foundation

Recommendations include Bank On-certified accounts, greater flexibility around identification and financial education
Citizens Bank Rolls Out Deposit Feature to Support Underserved Communities

Citizens Bank Rolls Out Deposit Feature to Support Underserved Communities

Plus: Zions Bank achieves Bank On certification
OCC Highlights Concern Around ‘Siloed’ Banks and Inequality

OCC Highlights Concern Around ‘Siloed’ Banks and Inequality

‘Perpetuation of inequality is a deepening problem, while pace of technology is increasing’ says Acting Comptroller
FDIC Opens ‘Tech Sprint’ to Serve Unbanked Population

FDIC Opens ‘Tech Sprint’ to Serve Unbanked Population

First-of-its-kind competition challenges organisations to identify resources and tools for unbanked people across the US
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