Banking on the Previously Unbanked

Publication: Marketplace Money


06/26/2009 - A neighborhood bank is hard to find in low-income areas of Los Angeles. But the "Bank On L.A." program is trying to bring people reliant on check-cashing shops into the banking system.

Tess Vigeland talks to Matt Fellowes, project director of the Pew Safe Banking Opportunities Project. The project is working on California’s “Bank On” initiative with the offices of Gov. Arnold Schwarzenegger and Los Angeles Mayor Antonio Villaraigosa.

Listen to the story Banking on the Previously Unbanked or read the full transcript on Marketplace's Web site.

Pew is no longer active in this line of work, but for more information visit the Safe Banking Opportunities Project on PewHealth.org.

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