Elizabeth Warren actually said...

"Banks are systematically closing their branches in areas where the median income is under $50,000 at the same moment that they are opening more branches in areas where the median income is over $100,0..."

"There are 34 million families in the U.S. that are unbanked or underbanked, meaning they rely on check cashing, on payday lending or other financial services outside the traditional banking system."

"Part of preventing fraud is deterrence. The government can invest billions of dollars in identifying fraud, but if major wrongdoers only get a slap on the wrist, then it does not mean much in terms of..."

"The average underbanked family makes about $25,000 a year and it spends about $2,400 a year just on interest and fees for basic financial services."