Banking in Color: New Findings on Financial Access for Low- and Moderate-Income Communities

Jane Duong, Alvina Condon, Katie Taylor, Marisabel Torres, Lindsay Daniels and Valerie R. Wilson

The Alliance for Stabilizing our Communities — a collaboration between National CAPACD (Coalition of Asian and Pacific Americans for Community Development), the National Council of La Raza, and the National Urban League — has released the findings of a national survey of bank account ownership and use in communities of color. To reduce continued disparities and close the financial services access gap, the coalition recommends a multi-faceted approach that combines technological innovation, bricks-and-mortar bank branches in communities of color, financial education, and asset building programs.

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