More han a million American households lost access to basic banking services like savings accounts last year, bank regulators say.
Those families are among 30 million households that have little or no access to such services, according to a survey released Wednesday by the Federal Deposit Insurance Corp. Poor, minority and immigrant families are especially hard-hit.
By Daniel Wagner, The Associated Press
, December 03, 2009
The percentage of households in the Dakotas that either lack bank accounts or use payday loans, check-cashing services and other costly alternatives to traditional banks is lower than the national rate.
Two Illinois banks were shuttered Thursday as government regulators proposed new rules for private equity firms seeking to take over failed banks.
Regulators shut down John Warner Bank of Clinton, Ill., and First State Bank of Winchester in Winchester, Ill., bringing to 47 the number of U.S. bank failures this year.
The Federal Deposit Insurance Corp. said Tuesday the list of banks it considers to be in trouble shot up nearly 50 percent to 171 during the third quarter — yet another sign of escalating problems among the institutions controlling Americans’ deposits.
November 26, 2008
Showing 1 - 6 of 6
View your ad here! Cost effective targeted advertising. Contextual advertising starting as low as $79/month. This includes targeted ad delivery and search results! Add your business to the Marketplace »