Millions In U.S. Do Their Banking Without Banking Institutions
A Dollarwise payday loan shop in Kent, Wash. Millions in America count on places such as these for monetary solutions, in the place of old-fashioned insured banking institutions. The FDIC hopes to improve that. Ted S. Warren/AP Photos hide caption
A Dollarwise payday loan shop in Kent, Wash. Millions in America count on places like these for economic solutions, in the place of conventional banks that are insured. The FDIC hopes to improve that.
Ted S. Warren/AP Images
About 60 million grownups do their banking at places aside from banking institutions, based on a brand new study by the Federal Deposit Insurance Corp. The FDIC wishes customers to count more on insured banking institutions, but lots of people feel it really is inside their interest that is financial to far from old-fashioned banking institutions. Continue reading