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From Payroll to pay day loans, Wal-Mart really wants to take Your Wallet

From Payroll to pay day loans, Wal-Mart really wants to take Your Wallet

“The link between the 2011 National Survey of Unbanked and Underbanked Households indicate that insured banking institutions have actually a significant opportunity to develop their client base by expanding opportunities that bring unbanked and underbanked people into mainstream banking,” said Chairman associated with the Federal Deposit Insurance Corporation Martin J. Gruenberg as he ended up being confirmation that is still awaiting.

The survey is considered the most current one carried out because of the FDIC, meaning the information are slightly antiquated but nevertheless broadly appropriate. Almost 24 million households when you look at the United States — one from every five within the country — had been underbanked last year, based on the study. this might be up by 821,000 households because the survey that is last during 2009.