The Impact of Banking and Fringe Banking Regulation on the Number of Unbanked Americans

Autor/in	Washington, Ebonya
Titel	The Impact of Banking and Fringe Banking Regulation on the Number of Unbanked Americans
Quelle	In: Journal of Human Resources, 41 (2006) 1, S.106-137 (32 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0022-166X
Schlagwörter	Banking; Low Income Groups; Family (Sociological Unit); State Legislation; Consumer Economics; State Regulation; Economic Impact; Intervention; Policy Analysis; Economically Disadvantaged; Minority Groups; Economic Research + Suchen Sie Ihr Suchwort? Bankgeschäft; Familie; Landesrecht; Konsumökonomie; Staatliche Lenkung; Ökonomische Determinanten; Politikfeldanalyse; Ethnische Minderheit; Wirtschaftsforschung
Abstract	Thirty-five to 45 percent of low-income American households do not possess a bank account. This statistic coupled with claims of price gouging by check cashers has prompted government intervention. The author finds that state legislation requiring banks to offer low-cost accounts slightly decreases the number of low-income minority unbanked households, but only with a substantial lag. Caps on check-cashing fees also lead to a small, but more immediate, reduction in the number of unbanked among this population. Because price caps may lead to a reduction in supply, welfare effects are indeterminate. (Author).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10