The FDIC Wants To Fix The Unbanked Problem In Atlanta

In this file photo, a sixth-grader balances a checkbook ledger during a personal finance class. The share of households that are unbanked is much higher in Black and Hispanic communities, according to the FDIC. The racial disparity in access to bank accounts is particularly severe in Atlanta.

Charles Rex Arbogast / Associated Press file

The FDIC wants more people in Atlanta to open bank accounts.

The federal deposit insurance agency launched an awareness campaign Tuesday that aims to reach disproportionately Black and Hispanic unbanked populations in Atlanta and Houston with information about the benefits of using a bank account.

The initiative to reduce the number of unbanked households is an uncommon move by the agency and the focus fell on Atlanta because research found its racial disparities are particularly severe.