The Majority of Low-Income Hispanic and Black Households Have Little-to-No Bank Access, Complicating Access to COVID Relief Funds
Lina Guzman & Renee Ryberg, National Research Center on Hispanic Children and Families (June 11, 2020)
According to the Federal Deposit Insurance Corporation (FDIC), 60% of low-income Hispanic and black households have very limited, if any, access to banks. This creates issues for families eligible for CARES Act stimulus checks.