>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/K

>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.