Search Results

Showing results 1 to 10 of approximately 54.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:unbanked OR Unbanked 

Briefing
Pondering Payments: Challenges of Reaching All Americans

Policy Perspectives

Journal Article
Check cashers: moving from the fringes to the financial mainstream

Once relegated to the margins of the financial services industry, check cashing outlets (CCO's) are now more visible parts of the urban landscape. Check cashers offer convenient check clearing and bill payment services, mostly tailored to meet the needs of the "unbanked" in low-and moderate income communities. The industry has grown dramatically over the years and is generating new products and services to meet the needs of its niche clientele. While some argue that check cashers are offering marginalized lower income Americans more responsive products than those available from banks, ...
Communities and Banking , Issue Sum , Pages 2-15

Journal Article
Landmark payday loan act in Illinois

On June 9, 2005, Governor Rod R. Blagojevich signed a landmark Payday Loan Reform Act that for the first time will regulate the payday loan industry in Illinois and strengthen protection to consumers, especially working families and members of the military against predatory and abusive practices. The Act became effective in December 2005. ; ?Payday loans are supposed to help working people cover unexpected costs and emergencies. They?re not supposed to break their bank accounts. We needed to do something about this, and we have achieved it,? said Gov. Blagojevich upon signing the law during a ...
Profitwise , Issue Feb , Pages 23-24

Journal Article
Strategies for banking the unbanked: are they working?

Banks are looking at new approaches to serving the unbanked, but many barriers exist. KeyBank is a pioneer in offering banking services to the unbanked.
Community Reinvestment Forum , Issue Fall

Journal Article
The latest frontiers for financial inclusion: Using mobile phones to reach the unbanked

The goal of community development should be to improve the lives of as many disadvantaged people as possible with a minimum amount of resources. The field can achieve this goal by identifying those community development projects that are both efficient and have significant social impacts, and then scaling up. However, without effective evaluations, it is impossible to gauge progress. Effective evaluations include randomized experiments and well-designed observational studies, both of which can measure the impact to society. This article analyzes the best evaluation methods in international ...
Community Development Investment Review , Issue 01 , Pages 114-118

Journal Article
Financial access options for the underserved

This issue of Banking and Community Perspectives explores the features and limitations of two of the existing products and services for the financially underserved--prepaid cards and small-dollar loans.
Banking and Community Perspectives , Issue 3

Report
The 2016 and 2017 surveys of consumer payment choice: summary results

Despite the introduction of new technology and new ways to make payments, the Survey of Consumer Payment Choice (SCPC) finds that consumer payment behavior has remained stable over the past decade. In the 10 years of the survey, debit cards, cash, and credit cards consistently have been the most popular payment instruments. In 2017, U.S. consumers ages 18 and older made 70 payments per month on average. Debit cards accounted for 31.8 percent of those monthly payments, cash for 27.4 percent, and credit cards for 23.2 percent. The SCPC continues to measure new ways to shop and pay and found ...
Research Data Report , Paper 18-3

Report
The 2014 survey of consumer payment choice: summary results

In 2014, the average number of U.S. consumer payments per consumer per month decreased to 66.1, in a statistically insignificant decline from 67.9 in 2013. The number of payments made by paper check continued to decline, falling by 0.7 to 5.0 checks per month, while the number of electronic payments (online banking bill payments, bank account number payments, and deductions from income) increased by 0.6 to 6.9 of these payments per month. The monthly shares of debit cards (31.1 percent), cash (25.6 percent), and credit cards (23.3 percent) continued to be largest; while the share of ...
Research Data Report , Paper 16-3

Report
Financial inclusion and consumer payment choice

This report examines similarities and differences among three groups of consumers: those without a checking or savings account (unbanked), bank account adopters who have used alternative financial services (AFS) in the past 12 months (underbanked), and bank account adopters who did not use AFS in the past 12 months (fully banked). Consumers in the three groups have different demographic characteristics, income, and payment behaviors: ?The payment behavior of the underbanked is similar to that of the fully banked. ?Unbanked consumers make fewer payments per month than the fully banked and the ...
Research Data Report , Paper 16-5

Report
The 2015 Survey of Consumer Payment Choice: summary results

The 2015 Survey of Consumer Payment Choice (SCPC) was implemented using a new longitudinal panel, the Understanding America Study (UAS), and results are not yet comparable to the 2008?2014 SCPC. In 2015, U.S. consumers made 68.9 payments per month. Debit cards remained the most popular payment instrument among U.S. consumers in 2015, accounting for 32.5 percent of their monthly payments, followed by cash (27.1 percent) and credit or charge cards (21.3 percent). For nonbills, consumers used cash and debit equally?about one-third of the time for each. For bills, consumers used payment cards for ...
Research Data Report , Paper 17-3

FILTER BY year

FILTER BY Series

FILTER BY Content Type

Journal Article 28 items

Discussion Paper 8 items

Conference Paper 5 items

Report 5 items

Working Paper 4 items

Briefing 2 items

show more (2)

FILTER BY Author

Greene, Claire 5 items

anonymous 5 items

Hayashi, Fumiko 4 items

Stavins, Joanna 4 items

Cheney, Julia S. 3 items

Maniff, Jesse Leigh 3 items

show more (59)

FILTER BY Jel Classification

D12 6 items

D14 6 items

E42 6 items

G21 5 items

D71 2 items

D91 2 items

show more (6)

FILTER BY Keywords

Unbanked 54 items

checking accounts 7 items

Financial services industry 6 items

financial inclusion 6 items

prepaid cards 6 items

Financial literacy 5 items

show more (80)

PREVIOUS / NEXT