CBA Statement on FDIC Unbanked Survey Results

CBA Statement on FDIC Unbanked Survey Results

WASHINGTON - Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Federal Deposit Insurance Corporation (FDIC) released results of a survey revealing a record number of American households with bank accounts in 2019:

'The nation's banks are well-capitalized, well-positioned and committed to ensuring Americans have access to safe and sound financial products.

'During COVID-19, banks of all sizes joined together to support struggling communities, small businesses and customers during their time of need. CBA and our member banks continue to advocate for policies to ensure more unbanked and underbanked have access to safe, well-regulated financial products to meet their unique needs.'

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About the Consumer Bankers Association:

The Consumer Bankers Association represents America's leading retail banks. We promote policies to create a stronger industry and economy. Established in 1919, CBA's corporate member institutions account for 1.7 million jobs in America, extend roughly $4 trillion in consumer loans and provide $275 billion in small business loans annually. Follow us on Twitter @ConsumerBankers.