The Kojo Nnamdi Show: Banking deserts: why some local neighborhoods lack basic financial services
The Kojo Nnamdi Show, April 26, 2018: Banking deserts: why some local neighborhoods lack basic financial services
Recently, several large banks have been called out for discriminatory lending practices, including not serving low income areas. For many of those residents, banking services like those offering personal bank accounts, loans for homes and small businesses–can be difficult to access. But some banks in our region, like Industrial Bank, have made their focus serving those communities.
Listen to our guests explore what it means to live in a “banking desert.”