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Speaking to the potential influence of these accounts, the top reason for being unbanked given in the 94-page FDIC report is not having enough money to meet the minimum balance. The number three ...
They’re known as the unbanked, and the most recent numbers from the Federal Deposit Insurance Corp. (FDIC) show that 4.5 percent of U.S. households — about 5.9 million people — are unbanked ...
The Federal Reserve estimated there are 55 million unbanked or underbanked adult Americans in 2018, which account for 22 percent of U.S. households. [2] [3] One report found the nationwide rates to be 7.7% unbanked and 17.9% underbanked, with the most unbanked state Mississippi, at 16.4%.
The percentage of US households lacking access to a checking account is now at a record low, according to a new FDIC report, but minorities still have a weaker connection to the banking system ...
J. Stephen Schuster, who handled complex business litigation in the Superior Court of Cobb County, Georgia, is a past president of the American College of Business Court Judges, [57] past co-chair of the ABA Section of Business Law's Judges Initiative Committee, [277] and served as a Business Court Representative to the ABA's Business Law ...
Finally, antitrust concerns sometimes arise because a requirements contract prohibits the buyer from doing business in a particular commodity with a party other than the seller. This may create an exclusive dealing arrangement which gives the seller monopoly power over the buyer, preventing the buyer from seeking a better deal if the market ...
According to the FDIC, about 4.5% of U.S. households are "unbanked," as of 2021. While that's just a tiny percentage of the population, it represents nearly 6 million people living in households ...
Under a Massachusetts law from 1978, no businesses in the state of Massachusetts can "discriminate against a cash buyer by requiring the use of credit". [14] It was the only U.S. state to have such a law until March 2019, when New Jersey passed similar legislation; car rentals, parking garages , and airport stores have exceptions under the ...