One of the great financial failures to this point in time is that 12 million Americans are still using payday loan stores and more than 10 million Americans use a check-cashing service. An instant paycheck deduction almost entirely because that person lacks a bank account. Tens of millions of Americans aren’t given the right financial avenues to save money, let alone accumulate wealth.

47% of black households are underbanked or unbanked. That number is 20% for white families. Aside from the moral obligation to provide better financial services to people of color. There’s actually great opportunity here.