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About 3% of the us adult population doesn’t have government issued photo id. So if the issue is forgery say so, it’s not a lack of id or a cultural norm against

About 3% of the us adult population doesn’t have government issued photo id. So if the issue is forgery say so, it’s not a lack of id or a cultural norm against it.

username332211 1y ago
How many billions would a major bank loose in a lawsuit, if they did the sensible thing and refused to deal with 3% of the population?
- kasey_junk 1y ago
  4.2% of US _households_ are unbanked. Banks refuse customers for many less extreme reasons than “can’t verify identity” which is in fact a requirement for them with all of their federal and state regulators.
- trelane 1y ago
  Most do. For example: https://www.reddit.com/r/Banking/comments/1csl00q/any_banks_that_dont_require_id_verification/ https://www.reddit.com/r/Banking/comments/1csl00q/any_banks_...
- nobody9999 1y ago
  >How many billions would a major bank loose in a lawsuit, if they did the sensible thing and refused to deal with 3% of the population? Zero. Because FINCEN/KYC[0] laws in the US mandate identification for all customers. Which means that at least 3% of the populations is "unbanked"[1]: Some reasons a person might not have a bank account include: Lack of access via a nearby bank branch or mobile phone Minimum balance fees Distrust of the banking system, typically due to lack of transparency regarding fees and deposit timing[1] No access to government-issued ID, which is required to open a bank account To avoid delinquent debts, such as creditors seizing the account in judgements, or the government collecting back taxes or child support [0] https://www.investopedia.com/terms/k/knowyourclient.asp https://www.investopedia.com/terms/k/knowyourclient.asp [1] https://en.wikipedia.org/wiki/Unbanked https://en.wikipedia.org/wiki/Unbanked Edit: Fixed subject/verb agreement (laws/mandate)/fixed quote formatting.
  - MrBrobot 1y ago
    Further reference for the ID requirements: https://www.bankhelp.gov/help-topics/bank-accounts/required-identification/id-types.html https://www.bankhelp.gov/help-topics/bank-accounts/required-...
mschuster91 1y ago
> About 3% of the us adult population doesn’t have government issued photo id. Add on top of that undocumented people or the issues surrounding the Native American population and their partial autonomy rights, and it becomes a mess very very quickly because it won't stay at "about three percent".

About 3% of the us adult population doesn’t have government issued photo id. So if the issue is forgery say so, it’s not a lack of id or a cultural norm against it.

username332211 1y ago

How many billions would a major bank loose in a lawsuit, if they did the sensible thing and refused to deal with 3% of the population?

kasey_junk 1y ago
4.2% of US _households_ are unbanked. Banks refuse customers for many less extreme reasons than “can’t verify identity” which is in fact a requirement for them with all of their federal and state regulators.
trelane 1y ago
Most do. For example: https://www.reddit.com/r/Banking/comments/1csl00q/any_banks_that_dont_require_id_verification/ https://www.reddit.com/r/Banking/comments/1csl00q/any_banks_...
nobody9999 1y ago
>How many billions would a major bank loose in a lawsuit, if they did the sensible thing and refused to deal with 3% of the population? Zero. Because FINCEN/KYC[0] laws in the US mandate identification for all customers. Which means that at least 3% of the populations is "unbanked"[1]: Some reasons a person might not have a bank account include: Lack of access via a nearby bank branch or mobile phone Minimum balance fees Distrust of the banking system, typically due to lack of transparency regarding fees and deposit timing[1] No access to government-issued ID, which is required to open a bank account To avoid delinquent debts, such as creditors seizing the account in judgements, or the government collecting back taxes or child support [0] https://www.investopedia.com/terms/k/knowyourclient.asp https://www.investopedia.com/terms/k/knowyourclient.asp [1] https://en.wikipedia.org/wiki/Unbanked https://en.wikipedia.org/wiki/Unbanked Edit: Fixed subject/verb agreement (laws/mandate)/fixed quote formatting.
- MrBrobot 1y ago
  Further reference for the ID requirements: https://www.bankhelp.gov/help-topics/bank-accounts/required-identification/id-types.html https://www.bankhelp.gov/help-topics/bank-accounts/required-...

mschuster91 1y ago

> About 3% of the us adult population doesn’t have government issued photo id. Add on top of that undocumented people or the issues surrounding the Native American population and their partial autonomy rights, and it becomes a mess very very quickly because it won't stay at "about three percent".