Quarter of US Households Have Limited Bank Access

Minorities, low-income families hit hardest

By John Johnson, Newser Staff

Posted Dec 2, 2009 6:10 PM CST

(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.... Read full story »

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Quarter of US Households Have Limited Bank Access

Minorities, low-income families hit hardest

African Americans • FDIC • low-income families • banks • banking industry • Sheila Bair

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More Newser Stories

Bank Failures Far From Over

Failures down in 2011, but weak banks are taking longer to recover or die

FDIC Seizes 6 Banks, for Total of 34 This Year

But the pace is down from last year

Lending Falls at Fastest Rate Since 1942

Boatload of bank failures likely in 2010

Danger Signs Ignored at Failed Banks

Regulators knew loans were toxic but didn't act

FDIC Fund Falls to $10.4B as Banks Struggle

Government will likely have to charge bank fees to replenish it

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