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EPISODE · Sep 17, 2009 · 19 MIN

Underreported: Underbanking

from Underreported from WNYC's The Leonard Lopate Show · host WNYC, New York Public Radio

Over 100 million Americans are “underbanked”—meaning they either cannot access or choose not to use traditional financial services offered by mainstream banks. Instead, they turn to alternatives like check cashing services, prepaid cards, and payday loans. On today’s first Underreported Melissa Koide, deputy director of the Asset Building Program at the New America Foundation, explains this shadow banking system.

Episode metadata supplied by the publisher feed · Published Sep 17, 2009

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Underreported: Underbanking

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