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There Are Fewer Unbanked Americans, According To The FDIC

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With increasingly few exceptions, the ranks of the unbanked seem to be on the decline, according to new data released by the FDIC. According to FDIC data, unbanked American consumers peaked toward the end of the Great Recession in 2011 at 8.2 The percentage of Americans going without banking services fell to 7 percent in 2015 from 7.7

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SHRM Debuts New Faster Pay Solution For Unbanked Americans

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residents in the near future, PYMNTS writes, according to a report by the Federal Deposit Insurance Corp (FDIC). The Great Recession from a decade ago also saw an increase in unbanked Americans, which the FDIC report uses as a basis for what may happen going forward. percent in 2009. percent in 2011, from 7.6 percent.

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Chase Tries To Win Over More Unbanked Consumers

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recently fell to the lowest rate since the 2007-2009 financial crisis, but a new product launch from JPMorgan Chase & Co. The financial institution on Monday (March 18) “began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 The percentage of unbanked people in the U.S. In 2017, 6.5

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Democrats Advocate For Financial Inclusion Ahead Of 2020 Election

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Senators Elizabeth Warren and Bernie Sanders view financial inclusion as a way to bring in voters, Reuters reported. The news comes as a survey showed that the percentage of unbanked Americans fell to the lowest point as of the financial crisis of 2007-2009. Federal Deposit Insurance Corporation (FDIC) data shows that 6.5