underbanked

There's a troubling trend in this nation: People are giving up their banks. Exactly how many people are going "bankless" is hard to track, but in the late 1990s, the number bandied about in newspaper articles was approximately 10 million Americans, and the FDIC estimated that 13% of all American...

Banks? insatiable appetite for fee income may be swaying many consumers to use prepaid debit cards to avoid high, unfair fees, to gain control of debt and to gain access to banking services more cheaply.

While banks and banking in general are something most of us take for granted, something as simple as paying an electric bill could take an individual in Latin America several hours of waiting in line. Some might even travel up to 15 km just to pay a bill. The impact of such barriers to paying a...