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Tag Archives: obstacles

What are the Obstacles to Serving the Underbanked?

It’s no secret that, especially since the recession, many American households are managing their finances without traditional bank accounts. According to the FDIC’s most recent survey of American households, nearly a third of American households are “unbanked” or “underbanked.” Here’s how the FDIC defines these terms. Unbanked households have neither a checking account nor a […]