of unbanked and under banked, and have more work with the institutions.terday, the fdic released its national survey of banked and under banked households. they reported that the percentage of unbanked households increased from 2009 to 2011. i was disappointed, of course, because of the increase. can you discuss the bureau's efforts to increase access to mainstream financial institutions for the nation's nearly 10 million unbanked and 24 million underbanked households? >> thank you, senator. this is a very urgent concern, i think, for anybody who is mindful of the real consumer experience in the financial market place. there are many millions of americans who have no bank account, and some are barred from the banking system because of previous difficulties. there are many others who have a banking the, but they find for a variety of reasons that they prefer to use unbanked services in order to get cash, in order to pay bills, in order to meet the sort of necessities of life, and they don't, therefore, have the same protections in doing so that they would

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. >> what we're trying to do is the unbanked -- those who are poor who can't get a credit card. >> jay: right. >> we're trying to help them out. and give them a sense of now that they can have a debit card that can work as a credit card to go and take care of their bills or go out to dinner or something. so, i created the magic card for those who are unbanked and who can never -- or never thought they would ever have a credit card. >> jay: yeah. >> so, not high fees and all that. you know. [ applause ] just trying to help them out. >> jay: no, i think that's terrific. >> make their life easier. >> jay: no, i think that's really wonderful. now, when we come back, there's going to be a little challenge? >> adam: oh man, i'm scared. >> jay: yeah? [ light laughter ] wait a minute. i thought you were talking pretty tough before. >> adam: i know, but now i'm scared. but now i'm scared. >> jay's going to be your coach. >> jay: yeah, i'll be your coach. >> adam: oh, great. >> jay: now you're really scared. [ laughter ] a challenge when we come back right after this! magic and adam right after

faith in the banking system according to the federal deposit insurance corporation the so-called unbanked population. has grown to eight point two percent of the u.s. households instead of using bank accounts these americans rely on cashiers checks short term lenders and that's how they manage their finances they're not only more vulnerable to high fees and high interest rates but they also have no access to credit cards mortgages and college loan it's now oil and what we're seeing there is also a lull time on highs on the freshest stimuli measures in a for some concerns about the violence in the middle east and metal prices including gold silver and copper and they surged to wall time on highs on thursday on a weaker dollar and inflation concerns following that as reserve move silver is seeing a bit of a correction though on friday after its prices jumped almost five percent in the previous session. while you're all up to date on the latest in business will be back with an update in about fifteen minutes you know her all waiting for you here in atlanta thank you very much and very shortl

out of the banking system from two thousand and nine to two thousand and eleven and the so-called unbankedpopulation grew to eight point two percent of the population but there's also an under banks population max so there are seventeen million americans who are on banked and another fifty one million are under a bank that is they have a bank account but they can't actually use it from anything so they're actually using pawnshops payday lenders and rent to own services that means twenty point one percent of the u.s. adult population is under banked. you know their kids of the do you know you're still able to buy the cloak to crush again i was saying on the show for years. because of the comparison it's the same thing that happened when rolled over america but the road to the reservation now you've got the white taking other white man and putting him up to this you know that's happening now where they can't get banking they can't get on any of those flights or just get money even for fifty bucks to give get a place i'm going to do a drawing goes to new america first a new global economy wel

the banking system the fresh report from the federal deposit insurance corporation says so-called unbanked population has grown to eight point two percent of u.s. households instead banks these americans rely on the cash checks and payday lenders to manage their finances and only more vulnerable to high fees and interest rates but they're also called so from the credit markets buy a car or zero zero pay for college. all right over on the russian markets as you can see the rally is a very. moving on with a more than six percent higher than my six on the strong the rubles a bit weaker it's up around four percent more secular gets us some of the movers now outperforming the market let's listen to look about those outperforming the market is federal group company m r s k is up more than ten percent b.c.b. among financials is also doing better on them isaac's up almost five point six percent and a of cases stemming besson corp is it worse than the markets now it's reportedly eyeing india's mobile world as cell countries media says the deal could be worth four and a half billion dollars in the a

faith in the banking system according to the federal deposit insurance corporation the so-called unbanked population has grown to eight point two percent of the u.s. households instead of using bank accounts these americans rely on cashier's checks and short term lenders to manage their finances they're not only more vulnerable to high fees and interest rates but they also have no access to credit cards mortgages or college loans now while prices are also touching all time month highs on fresh stimulus measures and of course those protests in the middle east that really sparked concerns over supply disruptions at the moment so we're seeing that the w t i is that almost one hundred dollars a barrel metal prices including gold silver and copper surged also to mull time on high. eyes on thursday on the weaker dollar and inflation concerns following the fed reserve move silver saying a bit of a correction though after it gave old will spark for saturn the previous session. of course we'll see if that euphoria continues to watch on the after the markets will bring all the latest in less than a

banking system a fresh reports from the federal deposit insurance corporation says that the so-called unbanked population has grown to eight point two percent of the u.s. households instead of banking. these americans rely on now cashier's checks or on sharp charla lenders to manage their finances that makes them more vulnerable not only to high season interest rates but also cuts them off from car credits mortgages or college loans and the last but not least oil prices and they're also quiet i'll be a lot of optimism there of course all the product tests in the middle east and africa also spark concerns of supply disruptions and that's all latest from the business desk you can find a lot more stories than interviews that are to dot com slash business see you back here in fifteen minutes. the national see you next town then show me or bring you the latest edition of peace about the debate charcoal stalk but first i will back with the headlines. wealthy british style he says it's not time to write. to the. market find scandal find out what's really happening to the global economy for a no holds

system according to a fresh report from the federal deposit insurance corporation the so-called unbanked population as grown to eight point two percent of u.s. households stead of banks these americans rely on check cashers and payday lenders to manage their finances no they're not only more vulnerable to high fees and interest rates but they're also cut off from the credit to buy a car or a home to pay for college. and finally on the russian market as i was saying another twenty minutes fifteen minutes left on the clock for the obvious adding more than seven percent now a huge impact there of forty buying up russian stocks and risk appetites as we heard from from our guest earlier in the program now moving the markets the t.v. is outperforming to my six of almost six percent as you can see the second largest bank in russia and maris k. the federal bridge company is almost nine percent one of the biggest movers although trade is rather thin usually insist demo's was in the market after its second quarter results also now it is reportedly eyeing india's mobile operator air sell countries

southern states have the largest percentage of "unbanked" residents - nearly ten percent. the report says some reasons people don't use financial institutions are lack of money high bank fees, or mistrust of banks. just one hour after the new i- phone five was available on the online store, apple has already had to push back the shipping date. apple initially promised a release date of september 21st... but the pre-order page for the phone now says all models will be shipped in two weeks if ordered online today. the i-phone five is also available through its phone carriers... at&t, verizon and sprint... all of which are reporting an expected delivery date of september 21st. next: several chicago area marines receive the highest military honor. also coming up: you're aware of service dogs for the visually impaired... how one organization is training "mans best friend" to help diabetics. and live music this day from kelly hogan! noú]@?@ó@,ç?ú@ó@46ú?ñstú] ç@xúópç0ó<@Ñp=pe÷w@wtñúh ú[l÷@úÑú%úfú÷w@pl0l@f@oúñ@i@/@r@[x@ó oxqúp÷ú<ú?@póñpúúóúñpvú>ñ÷.p;ú?@cñú+ xyú=nw v @Ñ 0úkñÑú?

it is unbankable to let 20 or 30,000 troops to stay in iraq. we had the hostages in i ran and we had the two helicopters crashed. that was talked about. if something of that nature presents itself, i woke will work to solve the problem. >> [inaudible] how do think the palestinian problem can be solved? >> i am torn by two perspectives. i have had one for some time which is that the palestinians have no interest in establishing peace and that the pathway to peace is almost unthinkable to accomplish. it is said the palestinians should set up their own country. the conflict between israel and the west bank is right there. that is about 9 miles from tel aviv to the west bank. the other side of the west bank , the iranians would want to do to the west bank what they did through lebanon. they want to bring armaments into the west bank. israel, of course, would have to say that cannot happen. we have to keep the iranians from burning in weapons. -- from bringing in weapons. that means they will control the border between syria and jordan and this new

one of our side projects was to reach out to the unbankable population. the population that would show to our countertop twice a year to pay tax. they had a checking account. i do have this great fear as we reach out to protect everyone, do we change the cost structure that more of our population does move into the unbankable population because they will not fit in the box? in many ways, this might be a statement. i hope you are keeping in mind these -- i do not want to call the more marginal populations. they have a relationship with banking financial institutions through distrust or some other reason. being very careful we do not build additional barriers for them to come join us. >> i would say, ironically, you and i may be the only two people in the same room who can speak the same language. i used to be responsible for collecting the real estate taxes. i had a lot of the same experience. it was good for me. what i would say is we are very concerned about the under bank. -- under-banked. they are very interesting in particular. they have a bank accoun

thing of course is if the race changes in october and you bank votes in september, they don't get unbanked. the fact that president obama is in a strong position puts him in the polls into a position to benefit by locking down those voters at this point. >> the new issue of the national journal defying gravity. quite a cover you've got here. >> from the great steve brodner. >> the numbers say obama should be losing, why isn't he. >> thanks for coming? >>> an al qaeda hot spot inside libya. we're traveling to a town where extremists are in charge and on the rise. ♪ ♪ ♪ [ male announcer ] you've been years in the making. and there are many years ahead. join the millions of members who've chosen an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. go long. so how much do we owe you? that'll be $973.42. ya know, your rates and fees aren't exactly competitive. who do you think i am, quicken loans? [ spokesman ] when you refinance your mortgage with quicken loans, you'll find that our rates and fees are extremely competitive. because the last thing you want i

there is 8% of the american population is unbanked. they have not affiliations with a bank.er 20% of the american population has a limited affiliation with a bank. they're still using payday lenders and check cashers. that is 28% of the american population at that is underbanked they can't get loans to buy a house, buy a new car, start a new business. there are lots of things they could do to contribute to the con economy but they aren't. melissa: it is drag on me because they are not fueling the economy? that is it? that is not strong argument? i don't know why that is necessarily a drag on me. i feel they should get bank accounts. i understand why it is more expensive to them but i don't know what the burden is on me then? >> these people could be producing more for the entire economy but simply aren't. these are auto jobs not being had. these are keeping real estate prices lower. small businesses that could be creating jobs that aren't creating jobs. these are folks who really are on the margins of society. when they are it doesn't do any of us any favors. melissa: certai

experts say high poverty and low incomes are breeding grounds for a higher population of unbanked residentsr... to crash... their way... intoo.. a... california... apple store.. surveillance videe... shows the suspects... crashing their... b-m-w... into the front... of this ... store....// . the... robbers ...jump out ...and begin to grab i- phonns... and i-pads...//. just... as... the robbers get in . / . the... store... security gate... drops down ... / ttapping them. .../ the... driver ...tries to reverse ...and... smash his way out . ../ almost ... hitting... one... of his... side- picks...///. he... does manage ...to get out of the store . ./ but... was arrested later .../ and... pled... not guilty. a former child star seems like she really can't get enough of hat green. green. amanda bynes was spooted driving around los angeles tuesday smoking from what appeared to be a marijuana pipe.but that's only half of the problem, bynes was driving on a suspended license. the inside of bynes car was completely trashed with stains on the seat, empty bottles, dog hair and other gross items.tmz re

that works out to 10 million houses and 17 million adults who are unbanked. >> giving new regulationsrompted banks to come up with account minute mums. higher fees, though, were the number one reasons. whether the economic downturn probably and a savings account, something 30% of households have. the center for responsible lending suggests many consumers lack a financial safety net. but even without a bank account at all, the bank lacks a gateway to more sophisticated products like credit cards and mortgages, issues or products that may not having these products, of course, may hamper their upward financial mobility. maria, back to you. >> interesting story there, mary. thank you. >>> nearly $13 trillion, the new figure in a report says the financial crisis will cost all of us through 2018. the report coming from better markets, which has not been a friend to banks at all in recent years. so who are they firmly blaming? that's right. wall street and the banks. dennis is the ceo of better markets which released the report and explains why florida bankers association president alex sanc

>> well, a lot of them will argue that people are unbanked and they need access to quick cash, or they'reng to pay a bounced check fee that might be higher than a very short term loan would cost them so they say for this segment of the population, they need access to that credit even though it can be really, really expensive. >> for the moment, thank you very much there from washington. >>> coming up, the winklevoss twins lost their battle for facebook with mark zuckerberg but they are giving the space another shot with social network professional investors. will their investment be worth it? we'll stus when "power lunch" returns after this quick break. [ male announcer ] for the saver, and a big first step. for the spender who needs a little help saving. for adding "& sons." for the dreamer, planning an early escape. for the mother of the bride. for whoever you are, for whatever you're trying to achieve, pnc has technology, guidance, and over 150 years of experience to help you get there. ♪ ♪ [ male announcer ] the first look...is only the beginning. ♪ ♪ introducing a stunning work of te

experts say high pooerty and low incomes are breeding grounds for a higher population of unbanked residentssy today... &pfor the british royal family. a french magazine has published átopless photosá of kate miidleton... the duchhss theepictures were taken while she and william were enjoying a brief holiday at a private chateau in france. the royal a tour of south east asia... say they're 'saddened' by the turn of events. coming up... a new ban... is going into effect in new york city.how much longer residents have... beffre they won't be allowee to buyylarge-sized sodas. get free admission at any o to - maryllnd museum this month. you're watching fox 45 morning news.. all local.. all morning. ((bump ouu)) 1 learn how history plays a role in today.alexandra deutsch from the maryland historical society joins us live for this mornings hometown hotspot. -whatts news at the maryland historical society?-what is foll art? -can you show us some folk art? art? smithsonian magazine museum day takes place september 29th. the museum day live! ticket includes free admission for you and a guest.for more

one of our side projects was to reach out to the unbankable population. the population that would show to our countertop twice a year to pay tax. they had a checking account. i do have this great fear as we reach out to protect everyone, do we change the cost structure that more of our population does move into the unbankable population because they will not fit in the box? in many ways, this might be a statement. i hope you are keeping in mind these -- i do not want to call the more marginal populations. they have a relationship with banking financial institutions through distrust or some other reason. being very careful we do not build additional barriers for them to come join us. >> i would say, ironically, you and i may be the only two people in the same room who can speak the same language. i used to be responsible for collecting the real estate taxes. i had a lot of the same experience. it was good for me. what i would say is we are very concerned about the under- banked. they are very interesting in particular. they have a bank account. they have a