One large bank is now offering check-cashing services through its branch of ATMs.
To find out why millions live without basic banking services, I spoke with a bank executive charged with reaching the ‘unbanked.’
It looks like alternative financial services for the unbanked are just too sweet a plumb for large national banks to ignore. Victoria Finkle of American Banker reports that they’re getting in on prepaid debit and check cashing: Banks have generally neglected low-income consumers, seeing little profit in trying to attract business from poor people who
Pacoima, Calif., isn’t a place I would normally visit on a Saturday afternoon, but last weekend, I was there. Pacoima is a little carve-out in the northeast corner of the San Fernando Valley, north of Los Angeles. The main street has a lot of liquor stores, a couple of fast-food outlets, block after block of