Tag Archives: unbanked

Protecting the Unbanked in Philadelphia

Full article as originally published on NPR.org Nearly 13 percent of Philadelphia’s population — close to 200,000 people — are unbanked, according to federal banking data. That’s more than double the regional average. Excerpt: The following is except from news article from PBS on Philadephia deciding to ban “cashless” stores. The Unbanked and Underbanked in Philadelphia Last fall, a veteran lawmaker… Read More »

Banks Reject New York City IDs, Leaving ‘Unbanked’ on Sidelines

More than 670,000 people have obtained the identification cards since the program began in January. One of the program’s goals is to help many of those people obtain bank accounts.  But some of the biggest banks in the city — including JPMorgan Chase,Bank of America and Citigroup — will not accept the cards as a primary source of identification, even though their federal regulators and some smaller banks have approved their use.

Source: mobile.nytimes.com

Good article on unbanked in New York, Thanks Kirk at ARCA!