Access to Banking Services

Accessing basic banking services, such as checking and savings accounts, is the first step towards financial security. Woodstock Institute works to ensure that all communities have sustainable, affordable basic banking options.

May 28, 2009
Geoff Smith, Sarah Duda, and Malcolm Bush This report demonstrates that measuring how well a bank provides basic banking services to low-wealth consumers could be done using existing data. Using proprietary data collected from two bank branches located in low-wealth communities, it shows that the...
February 8, 2005
Geoff Smith New evidence indicates the largest Chicago area banks have not expanded into lower income and minority markets, despite the substantial purchasing power and concentration of potential deposits available in these communities.
October 12, 2004
Tim Westrich and Malcolm Bush Bounce protection, a product that is regularly offered to many bank customers as a convenience, has turned into an excessively priced loan program, key features of which are hidden from consumers. This report analyzes the fee structure of bounce protection products...
June 10, 2003
Geoff Smith Reinvestment Alert 22: Where Banks Aren't: Despite Growth in Chicago Area Bank Offices, Low-Income and Minority Communities Remain Underrepresented.

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