CHARLENE CROWELL: Blacks, Latinos Two-Thirds of Under-Banked

OPINION – More than 37 million American households were either unbanked or under-banked in 2011, according to a new report by the Federal Deposit Insurance Corporation (FDIC). African-American households represent 34 percent of all under-banked consumers, the highest percentage among demographics surveyed. When under-banked African-American and Latino households are combined, these two communities of color […]

Consumers Welcome Scrutiny of Bank Overdraft Practices

SACRAMENTO – When the Consumer Financial Protection Bureau visited New York City on February 22, a roundtable discussion with bankers and consumer advocates began a day of focused discussion of bank products that cost customers billions per year in unfair fees. In his opening remarks, CFPB Director Richard Cordray called for a “candid discussion” and […]