Más estadounidenses que opten por el sistema bancario

n the aftermath of one of the worst recessions in history, more Americans have limited or no interaction with banks, instead relying on check cashers and payday lenders to manage their finances, according to a new federal report.

Not only are these Americans more vulnerable to high fees and interest rates, but they are also cut off from credit to buy a car or a home or pay for college, the report from the Federal Deposit Insurance Corp. dijo.

Released Wednesday, el estudio found that 821,000 households opted out of the banking system from 2009 a 2011 and that the so-called unbanked population grew to 8.2 percent of U.S. households.

That means that roughly 17 million adults are without a checking or savings account. Otro 51 million adults have a bank account, but use pawnshops, payday lenders or rent-to-own services, the FDIC said. This underbanked population has grown from 18.2 percent to 20.1 percent of households nationwide.

The study also found that one in four households, o 28.3 por ciento, either had one or no bank account. A third of these households said they do not have enough money to open and fund an account. Minorities, the unemployed, young people and lower-income households are least likely to have accounts.

Stubbornly high unemployment and underemployment have placed millions of Americans in precarious financial positions, leaving them unable to absorb overdraft charges or minimum-balance fees.

In the past year alone, Wells Fargo, Capital One and SunTrust have alerted customers to pending fee hikes on checking accounts or have raised overdraft charges. Los bancos dicen que se necesitan cargos de servicio para compensar la pérdida de ingresos de un tope a las tasas de tarjetas de débito de transacción impuesta por el gobierno.

"Los bancos necesitan tener los precios y las prácticas que los consumidores puedan confiar y que puedan crear riqueza y tener movilidad económica,"Dijo Deborah Goldstein, director de operaciones en el Centro para Préstamos Responsables. "Si las comisiones de las cuentas van a dejar en peor situación, entonces va a ser un reto para las personas que utilizan los servicios bancarios ".

Los bancos dicen que es difícil hacer dinero en servir a las comunidades de bajos ingresos debido a que el coste de la gestión de sus cuentas es mayor que el retorno.

"Tiene que haber un reconocimiento de que hay costos para proporcionar cuentas y esos costos deberán ser cubiertos,"Said Nessa Feddis, vice president and general counsel at the American Bankers Association. She estimated that it costs banks up to $300 a year to maintain a checking account because of expenses such as processing transactions.

National Community Reinvestment Coalition chief executive John Taylor argued that banks could make up some of that cost by the sheer volume of new accounts.

Feddis disagreed. “You can’t take a losing account and make it up in bulk,"Dijo. “You’re not going to spend money to lose money.”

Without access to traditional banks, Taylor dijo, Americans are susceptible to abusive practices at non-bank institutions and are likely to remain trapped in a vicious cycle of financial strain.

“A part of changing the condition of unbanked people is keeping them away from predatory lenders who keep them mired in debt,", Dijo. “One of the reasons you had all of these mortgage companies preying on low-income communities is because there were no options.”

Un report from SNL Financial in April showed that banks have closed dozens of branches in neighborhoods with a median household income of $25,000 or less since 2007, shifting resources to areas where the median income is $100,000 or more.

"La [Community Reinvestment Act] has had a significant impact over the last 30 años, but did not contemplate some of the new abuses that we’re seeing and the way banking has changed,” Goldstein said. “But we’ve now seen financial reform that includes additional consumer protection.”

Congress passed the act in 1977 to address the shortage of credit available to low- and moderate-income neighborhoods. Consumer advocates, sin embargo, say that regulation has fallen short of ensuring that banks offer reasonably priced services.

The newly minted Consumer Financial Protection Bureau has jurisdiction over non-bank institutions and plans to weed out predatory practices. The agency reviews compliance with federal consumer financial laws such as the Fair Credit Act.

In the past year, a quarter of households have used at least one type of alternative financial service, such as a tax refund anticipation loan or money order, the FDIC study found. Some households, 7.5 por ciento, said they simply did not trust or feel comfortable dealing with banks. Otro 6.6 percent said they could not open accounts because they lacked required identification or suffered from poor credit.

A growing number of consumers without bank accounts are turning to prepaid cards, with nearly 18 percent of households, desde 12 por ciento en 2009, reporting the use of such products.

Feddis of the banking association said prepaid cards are an innovative tool that banks could use to serve lower-income communities without incurring much cost.

“There are fewer ways to access the account, so there are fewer opportunities for fraud, which banks pay a lot to protect against,"Dijo.

Fuente: WP