Bank Deserts news and trends

Self-Serve and Digital-First Channels Can Populate ‘Banking Deserts’

May 17, 2024
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Interviews & Exclusives
Self-Serve and Digital-First Channels Can Populate ‘Banking Deserts’

May 17, 2024
Banks have been fine-tuning their branch efforts as the pandemic recedes, shuttering locations in some markets and building new outposts in others. The Federal Reserve said in a recent blog post that in some cases, “banking deserts” have emerged, impacting 12 million individuals in the U.S. The Fed has drawn up a “map” that denotes […]