WASHINGTON, D.C. (AP) - Bank regulators say nearly 26 percent of U.S. households have little or no access to banking services, and the problem hits poor and minorityfamilies the hardest.
The Federal Deposit Insurance Corp. says many black, Hispanic and native American populations struggle to access savings accounts and other services critical to financial security.
The agency says 71 percent of the households that have no access to banks earn less than $30,000 a year.
The data come from the second FDIC survey to review access to basic banking services. It's part of an effort to bring the so-called "unbanked" into the financial mainstream.
The Census Bureau conducted the survey on behalf of the FDIC.