Promoting Banking Services among Low-Income Customers
March 18, 2009
Many low-income people rely on payday lenders, check cashers, and other alternative financial service providers to get by. But the high costs make it hard for families to save. A 2008 Brookings Institution report highlights the reasons that the socalled unbanked turn to such services. It also suggests solutions−including both expanded bank offerings and increased access to government programs that stabilize incomes and reduce the need for emergency, high-cost credit.
About the Authors
Rebecca M. Blank
Resources
Site Topics
Related Content
Regional Consolidation of Local Government Services in New England: Opportunities and Challenges in Realizing Greater Cost Efficiencies
Service Output of Bank Holding Companies in the 1990s and the Role of Risk
2017 Cybersecurity Conference
Regional Consolidation of Local Government Services in New England: Opportunities and Challenges in Realizing Greater Cost Efficiencies