A record low 5.6 million households nationwide remain unbanked, the federal insurer of bank deposits said Tuesday, reporting that its latest survey shows nearly 96% of all households were, in fact, banked. According to the […]
Economic inclusion can be expanded when bank customers (or credit union members) open accounts to deposit their tax refunds by direct deposit, an outcome of involvement in the federal tax service’s volunteer tax assistance program, […]
Obtaining bank survey data, or some other mechanism, for developing economic inclusion strategic plans (EISP) in the future for the federal bank deposit insurance program is among the recommendations made by the agency’s inspector general […]
A program designed to expand financial inclusion to “unbanked” persons will be expanded to three more cities, the federal insurance program for bank deposits said Wednesday. The Los Angeles, Dallas, and Detroit metropolitan areas will […]
Exploring new technologies and techniques to help banks meet the needs of unbanked consumers will be the task of three teams selected by the federal insurer of bank deposits, the agency said Monday. The Federal […]
Eight teams with members from banking, philanthropy, and other fields will participate in a “tech sprint” to explore how community banks can meet the needs of the unbanked and will present their findings in September, […]
Registration opened Tuesday for participation in a tech sprint aimed at exploring new technologies and techniques to help expand banks’ capabilities to meet the needs of the unbanked, the Federal Deposit Insurance Corp. (FDIC) said. […]
Helping unbanked individuals and households come into the banking system with expanded capabilities through new technologies and techniques is the target of a “tech sprint” announced Wednesday by the federal insurer of bank deposits. According […]
Most households in the U.S. held at least one credit union or bank account in 2019, as the number of “unbanked” households dropped from two years earlier, the federal insurer of bank deposits said Monday. […]
Five implications are evident from the results of the most recent “unbanked/underbanked” survey performed by the Federal Deposit Insurance Corp. (FDIC), including that mobile banking holds “real promise” for deepening ties between the unbanked and […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info