Credit unions have seen their memberships surge as bankcustomers dissatisfied with high fees and poor service have startedtaking a stand. Make no mistake – this is unequivocally beneficialto those former bank customers.
But for the most part, they are leaving their banks becausedebit card and checking account fees are a nuisance. Remainingsilent are those whom these fees forced out of the banking systemaltogether.
The unbanked and underbanked are without a doubt an at-riskpopulation. They face significantly higher risk, have difficultysaving, and rely on loan sharks, payday lenders and others who takeadvantage of their situation.
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