American Banker: Regulators could do more to bring underbanked into mainstream: GAO

American Banker, March 8, 2022, Regulators could do more to bring underbanked into mainstream: GAO

A study by the Government Accountability Office found that Black and Hispanic households were significantly less likely to use banks for all their financial needs than their white counterparts. Fewer than 60% of the Black and Hispanic groups were fully banked, compared with 83% of white households.