The Consumer Bankers Association (CBA), along with five other organizations, released a report on the obstacles and viable solutions for improving financial inclusion, providing access to bank accounts to the unbanked, and reducing the use of high-cost non-bank financial products and services.
“The nation’s leading banks are uniquely positioned and committed to help ensure all Americans have access to safe and sound financial products,” CBA President and CEO Richard Hunt said.
For more details from the report, read on.