<em>Patt Morrison</em> is known for its innovative discussions of local politics and culture, as well as its presentation of the effects of national and world news on Southern California.
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Banking the Underbanked: FDIC tries to reach out

under banked
under banked
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The number is surprising in this electronic age of debit cards, online banking and e-commerce: 17 million adult Americans do not have a bank account. In total 25.6% of all households in the U.S. are “unbanked” or “underbanked” and those households are disproportionately low-income and minority. Patt covered this story a few weeks ago but now we’re back to the FDIC response to this story, and to see how private banks and the government can draw more Americans into everyday banking.


Barbara Ryan, deputy vice chairman of the Federal Deposit Insurance Corporation