Store front offering high interest loans and quick cash. Source: Shutterstock
While being underbanked or unbanked is less of an issue today than it was in previous years, the United States still has its fair share of people who fall into these categories. According to the FDIC, as many as one in four Americans lack sufficient access to services typically offered by credit unions and retail banks, and 7% of Americans do not even have their own bank accounts.
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