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Journal Article
Spotlight: Financial services: Banking within reach of more Mexicans
In 2008-09, Mexico was wracked by the global financial crisis, suffering its largest one-year economic contraction since at least the 1930s. But the banking sector withstood the shock and made important strides in one area--bringing previously unbanked households into the financial system. Boosting Mexico's economic development by helping small businesses fulfill their potential depends on improving access to finance and fully linking these engines of economic growth and opportunity to the formal economy.
Journal Article
Native American Bank: banking the unbanked
In 2001, 21 tribes formed Native American Bancorporation, the first nationally focused tribal bank. A Chippewa Cree and former assistant vice president of commercial lending explains why NAB?s understanding of tribal law has helped the bank serve customers better.
Journal Article
Banking on Distributed Ledger Technology: Can It Help Banks Address Financial Inclusion?
Despite its promise, distributed ledger technology is unlikely to draw unbanked consumers into the financial mainstream
Journal Article
Promoting banking services among low-income customers
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 so-called 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.
Conference Paper
Payday lending: do the costs justify the price?
Conference Paper
Moving from unbanked to banked: evidence from the Money Smart program
Using data collected from participants of the FDIC?s Money Smart program, this study investigates the impact that financial education has on an individual?s decision to move from unbanked to banked. To date, most programs and initiatives that target the unbanked define program impact by the number of bank accounts opened. This study provides evidence that the best measure of program ?success? may not be the number of accounts opened, but instead whether the program has provided the unbanked with the skills and tools necessary to make sound financial decisions given their financial ...
Journal Article
The Elm City resident card: New Haven reaches out to immigrants
Cities with sizable immigrant populations are responding to the issue of illegal immigration in different ways. In 2004, the City of New Haven began to actively collaborate with its immigrant population for the purpose of finding ways to increase public safety and integrate immigrant residents into the civic life of the community. This article describes some of the policy choices made by the city in recent years.
Speech
Exploring the Valley's unbanked opportunity
Speech to the Central Valley Banking Forum, Fresno, California, November 14, 2006>
Journal Article
Atlanta Fed hosts conference on access to banking in the Americas
The Americas Center of the Atlanta Fed recently held a conference in Miami to spur dialogue and collaboration among institutions and nonprofit groups that want to bring more people into the mainstream banking system.