US trade groups issue report addressing financial inclusion challenges

A new report, Delivering Financial Products and Services to the Unbanked and Underbanked in the United States – Challenges and Opportunities, from six trade groups outlines the obstacles and viable solutions for improving financial inclusion, providing access to bank accounts to the unbanked population in the United States, which currently represents approximately 6% of U.S. households, and for reducing utilization of high-cost non-bank financial products and services.

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