A community empowerment program sponsored by Mastercard
Consumers Resource: The High Costs of Being Underserved in the Latino and African American Communities Handout
Financially underserved individuals in the African American and Hispanic communities pay a price for managing their money outside of the modern economy. Unbanked households do not hold any type of checking or savings account, while underbanked households have either checking or savings accounts, but still rely upon alternative financial services. This handout lists out the cost of alternative financial services families.