Free banking in California? New bill tackles access and racial equity

Escalating overdraft charges. Minimum balances. High ATM, check-cashing and debit card fees.

Banking can be expensive, especially for low-wage workers.

A score of California lawmakers have signed on to a new bill designed to offer Golden State households free financial services, taking on the state’s powerful banks at a time when easier access to banking services could help families cope with the economic fallout of the COVID-19 pandemic.