An August analysis from Morning Consult found that 10 percent of Americans did not have a checking or savings account. Another 24 percent of Americans are considered underbanked, that is they have a checking or savings account but have needed to use an alternative financial method in the prior year. The Morning Consult poll found that Black Americans make up 15 percent of both underbanked and unbanked individuals.  

Wall Street appears to have no interest in recruiting Black talent that’s in plain sight.


Last October, users of Russell Simmons' "Rush Card" were in for a rude awakening when they tried to use their account.