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New Resource Maps Financial Opportunity

New America’s Mapping Financial Opportunity (MFO) project has launched a new web platform that details the location of every financial service provider nationwide—both mainstream and alternative—down to the census tract and street levels. MFO provides tools that can be used to identify patterns of inequitable access to financial services and allow communities to explore solutions to the challenges of financial access. It explores four key questions about the locations of financial services that are important for financial inclusion efforts in the U.S.:

  1. Where are financial services located?
  2. What is the ratio of alternative to mainstream financial services?
  3. In select cities, where are financial services located in relation to their residents’ race and poverty?
  4. Are there financial inclusion efforts led by nonprofit and government organizations filling gaps in access to financial services?

Each question is answered with maps and visual tools. For more information, visit www.newamerica.org/in-depth/mapping-financial-opportunity.