15 percent of Canadians are ‘underbanked’ — here’s what that means and why it’s a barrier to equitable recovery

Author Neha Chollangi
Unfair banking practices like predatory lending force vulnerable people into a vicious cycle of debt, making it harder to move out of poverty.

Why It Matters

An equitable recovery for Canadians means the financial sector needs to address deep structural issues — and find alternative banking models that support low-moderate income people.

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