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Digital Banking for the Unbanked

Digital Banking for the Unbanked

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FintechNews RoundupUSA
··1 min read

Sen. Sherrod Brown, D-Ohio, is pushing for legislation which would require banks to offer free digital accounts to consumers that are unbanked; this move would give consumers easier access to coronavirus relief funds; not only would the process be quicker but it would also cut down on Americans resorting to check cashing which is often expensive; currently there are around 8.4 million households that do not have bank accounts according to a 2017 report; the ‘FedAccount’ would have no fees or balance requirements and could be opened both at banks and post offices. American Banker

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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