Despite a strong regulatory environment (Georgia has outlawed Payday Loans) the state—Fulton County, in particular—has a very high percentage of unbanked residents and has seen an increase in the number of pawnshops and check cashers in recent years. These alternative financial providers are clustered in majority minority neighborhoods, exacerbating the cycle of financial exclusion for Blacks and other minority residents. The estimated unbanked cost for the city of Atlanta annually is $96.5 million.