A new report from the Center for Financial Service Innovation estimated that financially underserved consumers spent $103 billion on fee and interest charges in 2013, based upon using $1.3 trillion in financial products and services.
Released Thursday, the report estimated the market grew 7.1% from 2012 to 2013, moving from $96 billion to $103 billion.
The CFSI projected market growth at 4.6% for this year into next, moving to $107 billion.
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