Minorities, low-income families hit hardest
(NEWSER) - A quarter of US households have little or no access to banks—relying instead on nontraditional services such as check-cashing shops, pawn shops, or payday loans, and often paying exorbitant interest rates. The first comprehensive survey of its kind by the Federal Deposit Insurance Corp. showed that 71% of families that earn less than $30,000, and 22% of black families don't use banks, reports the Washington Post . More»
