nearly another three million are underbanked. about eight million american households earning less than $30,000 a year have no bank account, and nearly another ten million are underbanked. 30% of households earning less than $15,000 a year are unbanked as they're 22% of all p unemployed people. so where do prepaid cards come in? they have enormous potential to bring millions of americans into the banking system with tremendous benefits; the ability to make purchases without carrying cash, to save money and time by avoiding check cashers and money orders, to pay bills electronically, to get cash there atms and at merchants, to live financial lives much like their counterparts who have bank accounts and debit and credit cards. and overall fees in this market are going down and features going up. a market that's now surprisingly mainstream. there are about three million people without trucksal bank accounts today who bank their money with prepaid cards, and among those households who once held bank accounts but don't anywhere, 27% u

and merely another 10 million are underbanked. 30% of households earning less than 15,000 a year are unbanked. as are 22% of all unemployed people. so where do prepaid cards come in? prepaid cards have enormous potential to bring millions of americans into the financial system of tremendous benefits. to make purchases without carrying cash, to save money and time by avoiding check cashing and money orders come to pay bills electronically, to give cash from atm and merchants and financial much like their counterparts that have bank accounts and a debit and credit cards. overall, the fees in the market or going down and futures are going up. target five years ago looked is not surprisingly mainstream. there's about 3 million people without traditional bank accounts today to manage their money with prepaid cards. among those households who once held bank accounts but don't anymore, 27% use the prepaid card in 2011. as the center for american progress noted in the bank room last november, prepaid cards and bank accounts are converging. as we told the fdic the adjusting who and what we co

a number of southeast asian refugees are in this position and underbanked our unbanked. so i was wondering what sort of strategy there is to reach out to populations -- [inaudible] and vulnerable. specs i'm going to get you name before i leave and make sure that the folks at treasury he were specifically working on making sure that we are touching lots of different people with lots of different considerations, that you know who the resources are. but i can't say that when i mentioned 2000 nonprofits, we specifically reached out to nonprofits were on the ground, or working with people where english wasn't the primary language a note to make sure that the details about how to use this card and use the card wisely were being conveyed. some happy to give you more specifics about who in the kennedys you have in mind, we basically use. >> all right. in the front. [inaudible] >> i was wondering if you could talk a bit about regulation, as mentioned in the description we know kind of how you're going to look at these prepaid cards, and what agencies are concerned about. >> i'm h