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UPDATE 1-Wells Fargo launches 10-year plan to boost banking inclusion for underserved communities Reuters 2 hrs ago By Matt Scuffham NEW YORK, May 17 (Reuters) - Wells Fargo has launched a 10-year commitment to help unbanked individuals in the United States gain access to affordable, mainstream bank accounts, the company said on Monday. The initiative aims to help Black and African Americans, Hispanics, and Native Americans, who account for more than half of the country s 7 million unbanked households, have easier access to low-cost banking, Wells Fargo said. As part of the plan, the bank has committed to redesigning 100 branches in low-to-middle income neighborhoods to enable one-to-one consultations, offer digital banking access and conduct financial health seminars.

United statesDavid gregorioMatt scuffhamCharlie scharfDeposit insurance corporationNational congressNational unbanked advisory taskforceCredit builders allianceWells fargoAfrican americanNative americansFederal deposit insurance corporationAlaska nativeFargo chief executive charlie scharfNational unbanked advisoryNational association