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National Survey Of Unbanked And Underbanked Households
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Book Synopsis FDIC National Survey of Unbanked and Underbanked Households by : Federal Deposit Insurance Corporation
Download or read book FDIC National Survey of Unbanked and Underbanked Households written by Federal Deposit Insurance Corporation and published by . This book was released on 2009 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis National Survey of Unbanked and Underbanked Households by : Federal Deposit Federal Deposit Insurance Corporation
Download or read book National Survey of Unbanked and Underbanked Households written by Federal Deposit Federal Deposit Insurance Corporation and published by CreateSpace. This book was released on 2014-11-04 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: When households open an account at a federally insured depository institution, they establish a main¬stream banking relationship. This relationship provides opportunities for households to deposit funds securely, conduct basic financial transactions, accumulate savings, and access credit on fair and affordable terms. Despite these benefits, many households-referred to in this report as "unbanked"-do not have an account at an insured institution. Additional house¬holds have an account, but have also obtained finan¬cial services and products from non-bank, alternative financial services (AFS) providers in the prior 12 months. These households are referred to here as "underbanked." The existence of unbanked and underbanked households presents an opportunity for banks to expand access to their products and services and forge relationships with these underserved groups, ultimately increasing economic inclusion. The FDIC recognizes that public confidence in the banking system is strengthened when banks effec¬tively serve the broadest possible set of consumers. As a result, the agency is committed to increasing the participation of unbanked and underbanked house¬holds in the financial mainstream. The FDIC National Survey of Unbanked and Underbanked Households represents one contribution to this end. Conducted to assess the inclusiveness of the banking system, and in partial response to a statutory mandate, the biennial survey provides estimates of unbanked and underbanked populations. It also seeks to provide insights that will inform efforts to better meet the needs of these consumers. The FDIC part¬nered with the U.S. Census Bureau to administer this survey in June 2013, collecting responses from 40,998 households.
Book Synopsis 2021 FDIC National Survey of Unbanked and Underbanked Households by : Federal Deposit Insurance Corporation
Download or read book 2021 FDIC National Survey of Unbanked and Underbanked Households written by Federal Deposit Insurance Corporation and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis National Survey of Unbanked and Underbanked Households (2011) by : Susan Burhouse
Download or read book National Survey of Unbanked and Underbanked Households (2011) written by Susan Burhouse and published by . This book was released on 2012-10-14 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis 2013 National Survey of Unbanked and Underbanked Households by : Susan Burhouse
Download or read book 2013 National Survey of Unbanked and Underbanked Households written by Susan Burhouse and published by . This book was released on 2015-05-20 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: When households open an account at a federally insured depository institution, they establish a mainstream banking relationship which provides opportunities for households to deposit funds securely, conduct basic financial transactions, accumulate savings, and access credit on fair and affordable terms. Despite these benefits, many households -- here referred to as "unbanked" -- do not have an account at an insured institution. Additional households -- "underbanked" -- have an account, but have also obtained financial services and products from non-bank, alternative financial services (AFS) providers in the prior 12 months. The 2013 National Survey of Unbanked and Underbanked Households aims to help banks effectively serve the broadest possible set of consumers and thus increase the participation of unbanked and underbanked households in the financial mainstream. Figures and tables. This is a print on demand report.
Book Synopsis I know what it feels like to be unbanked by : Jelena McWilliams
Download or read book I know what it feels like to be unbanked written by Jelena McWilliams and published by . This book was released on 2018 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides highlights of the 2017 FDIC National Survey of Unbanked and Underbanked Households.
Book Synopsis Banking Participation in the United States by : Elizabeth M. Breitbach
Download or read book Banking Participation in the United States written by Elizabeth M. Breitbach and published by . This book was released on 2013 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Checking and savings accounts are frequently used financial instruments by most U.S. households. As household transactions shift from cash toward e-money, these financial accounts become even more important for economic well-being. Households without these accounts can participate fully in the economy, but may incur additional costs by using alternative financial instruments. The focus of this research is to study the segment of the U.S. population who are considered unbanked and underbanked. The study draws on three large, national data sets: (1) a survey of Financial Capability in the United States by the Financial Industry Regulatory Authority (FINRA), (2) a National Survey of Unbanked and Underbanked Households by the Federal Deposit Insurance Corporation (FDIC), and (3) the Survey of Consumer Finances by the Federal Reserve System. The study investigates the economic and demographic characteristics of unbanked and underbanked households across the three surveys to explain why these households have a low level of banking participation and what alternatives they use. The research also discusses the financial decision households are making by remaining unbanked or underbanked, along with the public and private initiatives and actions to increase participation.
Book Synopsis The Global Findex Database 2017 by : Asli Demirguc-Kunt
Download or read book The Global Findex Database 2017 written by Asli Demirguc-Kunt and published by World Bank Publications. This book was released on 2018-04-19 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.
Download or read book FDIC Quarterly written by and published by . This book was released on 2009 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book DRIVE-THRU ONLY written by FRANK DAPPAH and published by OSTRICH PUBLISHERS. This book was released on with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: How many US households are unbanked or underbanked? The Federal Reserve estimates that about 6.7% of American households are Unbanked, that is, those without checking or savings accounts. Other estimates suggest 7.7%. The data also suggests that 18% of households in the U.S fall under the "underbanked" category. Those who consume alternative banking services regularly. This book explores the various root causes of this phenomenon, the population groups mostly affected and some thoughts on how to try and provide actionable solutions to the problem.
Book Synopsis Crisis and Response by : Federal Deposit Insurance Corporation
Download or read book Crisis and Response written by Federal Deposit Insurance Corporation and published by . This book was released on 2018-03-06 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Crisis and Response: An FDIC History, 2008¿2013 reviews the experience of the FDIC during a period in which the agency was confronted with two interconnected and overlapping crises¿first, the financial crisis in 2008 and 2009, and second, a banking crisis that began in 2008 and continued until 2013. The history examines the FDIC¿s response, contributes to an understanding of what occurred, and shares lessons from the agency¿s experience.
Book Synopsis How the Other Half Banks by : Mehrsa Baradaran
Download or read book How the Other Half Banks written by Mehrsa Baradaran and published by Harvard University Press. This book was released on 2015-10-06 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States has two separate banking systems today—one serving the well-to-do and another exploiting everyone else. How the Other Half Banks contributes to the growing conversation on American inequality by highlighting one of its prime causes: unequal credit. Mehrsa Baradaran examines how a significant portion of the population, deserted by banks, is forced to wander through a Wild West of payday lenders and check-cashing services to cover emergency expenses and pay for necessities—all thanks to deregulation that began in the 1970s and continues decades later. “Baradaran argues persuasively that the banking industry, fattened on public subsidies (including too-big-to-fail bailouts), owes low-income families a better deal...How the Other Half Banks is well researched and clearly written...The bankers who fully understand the system are heavily invested in it. Books like this are written for the rest of us.” —Nancy Folbre, New York Times Book Review “How the Other Half Banks tells an important story, one in which we have allowed the profit motives of banks to trump the public interest.” —Lisa J. Servon, American Prospect
Book Synopsis The Unbanking of America by : Lisa Servon
Download or read book The Unbanking of America written by Lisa Servon and published by Houghton Mifflin Harcourt. This book was released on 2017-01-10 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why Americans are fleeing our broken banking system: “Startling and absorbing…Required reading for fans of muckraking authors like Barbara Ehrenreich.”—Publishers Weekly (starred review) What do an undocumented immigrant in the South Bronx, a high-net-worth entrepreneur, and a twentysomething graduate student have in common? All three are victims of our dysfunctional mainstream bank and credit system. Nearly half of all Americans live from paycheck to paycheck, and income volatility has doubled over the past thirty years. Banks, with their high monthly fees and overdraft charges, are gouging their lower- and middle-income customers while serving only the wealthiest Americans. Lisa Servon delivers a stunning indictment of America’s banks, together with eye-opening dispatches from inside a range of banking alternatives that have sprung up to fill the void. She works as a teller at RiteCheck, a check-cashing business in the South Bronx, and as a payday lender in Oakland. She looks closely at the workings of a tanda, an informal lending club. And she delivers engaging, hopeful portraits of the entrepreneurs reacting to the unbanking of America by designing systems to creatively serve those outside the one percent. “Valuable evidence on the fragility of the personal economies of most Americans these days.”—Kirkus Reviews “An intelligent plea for financial justice…[An] excellent book.”—The Christian Science Monitor
Author :Consumer Financial Protection Bureau (CFPB) Publisher :CreateSpace ISBN 13 :9781508830917 Total Pages :48 pages Book Rating :4.8/5 (39 download)
Book Synopsis Financial Well-Being by : Consumer Financial Protection Bureau (CFPB)
Download or read book Financial Well-Being written by Consumer Financial Protection Bureau (CFPB) and published by CreateSpace. This book was released on 2015-03-23 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: A growing consensus is emerging that the ultimate measure of success for financial literacy efforts should be improvement in individual financial well-being. But financial well-being has never been explicitly defined, nor is there a standard way to measure it. This report provides a conceptual framework for defining and measuring success in financial education by delivering a proposed definition of financial well-being, and insight into the factors that contribute to it. This framework is grounded in the existing literature, expert opinion, and the experiences and voice of the consumer garnered through in-depth, one-on-one interviews with working-age and older consumers.
Download or read book Federal Register written by and published by . This book was released on 2013-03 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fringe Banking written by John P. Caskey and published by Russell Sage Foundation. This book was released on 1994-08-24 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Cogently argued, fills an important gap in the literature, and is accessible to undergraduates." —Choice "Dismantles the mythology surrounding pawnshops and check-cashing outlets, and demonstrates that they are no longer on the fringe of our financial system but integral to it."—San Francisco Bay Guardian In today's world of electronic cash transfers, automated teller machines, and credit cards, the image of the musty, junk-laden pawnshop seems a relic of the past. But it is not. The 1980s witnessed a tremendous boom in pawnbroking. There are now more pawnshops thanever before in U.S. history, and they are found not only in large cities but in towns and suburbs throughout the nation. As John Caskey demonstrates in Fringe Banking, the increased public patronage of both pawnshops and commercial check-cashing outlets signals the growing number of American households now living on a cash-only basis, with no connection to any mainstream credit facilities or banking services. Fringe Banking is the first comprehensive study of pawnshops and check-cashing outlets, profiling their operations, customers, and recent growth from family-owned shops to such successful outlet chains as Cash American and ACE America's Cash Express. It explains why, despite interest rates and fees substantially higher than those of banks, their use has so dramatically increased. According to Caskey, declining family earnings, changing family structures, a growing immigrant population, and lack of household budgeting skills has greatly reduced the demand for bank deposit services among millions of Americans. In addition, banks responded to 1980s regulatory changes by increasing fees on deposit accounts with small balances and closing branches in many poor urban areas. These factors combined to leave many low- and moderate-income families without access to checking privileges, credit services, and bank loans. Pawnshops and check-cashing outlets provide such families with essential financial services thay cannot obtain elsewhere. Caskey notes that fringe banks, particularly check-cashing outlets, are also utilized by families who could participate in the formal banking system, but are willing to pay more for convenience and quick access to cash. Caskey argues that, contrary to their historical reputation as predators milking the poor and desperate, pawnshops and check-cashing outlets play a key financial role for disadvantaged groups. Citing the inconsistent and often unenforced state laws currently governing the industry, Fringe Banking challenges policy makers to design regulations that will allow fringe banks to remain profitable without exploiting the customers who depend on them.
Download or read book FDIC Statistics on Banking written by and published by . This book was released on 1993 with total page 554 pages. Available in PDF, EPUB and Kindle. Book excerpt: A statistical profile of the United States banking industry.
