PYMNTS Daily Data Dive: The Underbanked Still A Problem In The US
PYMNTS
AUGUST 2, 2016
Digital banking trends and advancing technology can imply that the unbanked or the underbanked are a diminishing group in U.S. Blankenship thinks that a lack of access to banks and high fees will increase the number of underbanked who are turning to payday lenders instead. households without a bank account as of 2013.
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