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Millions In U.S. Do Their Banking Without Banking Institutions

Millions In U.S. Do Their Banking Without Banking Institutions

A Dollarwise payday loan shop in Kent, Wash. Millions in America count on places such as these for economic solutions, in the place of conventional insured banks. The FDIC hopes to alter that. Ted S. Warren/AP Images hide caption

A Dollarwise payday loan store in Kent, Wash. Millions in America count on places like these for monetary solutions, in the place of old-fashioned banks that are insured. The FDIC hopes to alter that.

Ted S. Warren/AP Images

About 60 million grownups do their banking at places aside from banks, in accordance with a brand new study by the Federal Deposit Insurance Corp. Continue reading