San Francisco Treasurer Discusses Unbanked Communities
Many businesses, shops and restaurants, have stopped accepting cash as a way to protect their employees from the coronavirus. But, when cash is no longer accepted, many people get left behind — the unbanked and the underbanked.
In 2005, San Francisco launched a program called Bank on San Francisco to help more low-income people open accounts. And, just last year, the city passed a cashless ban on businesses operating in the city, one of the first cities in the nation to do so. Then came the pandemic. José Cisneros, the Treasurer of San Francisco, talks about how the city is doing in terms of its unbanked communities today.
Click the play button above to listen to the interview.