Financiers must do more for inclusion of unbanked consumers (Under the Hood)
Estimated 4.2% of consumers were unbanked in 2023
Though the unbanked population is shrinking, lenders must keep chipping away at financial inclusion to broaden access to credit products among underserved communities. Last year, 5.6 million U.S. households — about 4.2% — were unbanked, down from 7.1 million, about 5.4%, in 2019, according to newly released data from the FDIC. Yet without financial inclusion, […]
Already subscribed? Log in
