We’ve heard a lot about Wall Street reform in this presidential primary season. Most of the attention has been on the need to break up the “too big to fail” banks, curbing short-term speculation, and reining in executive bonuses.
But we also need to create a financial system that serves the everyday need for accessible, affordable financial services. Nearly 28 percent of U.S. households are at least partially outside the financial mainstream, or underserved by traditional banks. A shocking 54 percent of African-American and 47 percent of Latino households are underserved.