FDIC to discuss the “unbanked”
November 30, 2009 | alternatives, federal legislation, industry | Comments (0)Public hearing on Wednesday of this week. From the news release:
The Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion (ComE-IN) will meet on Wednesday, December 2nd, to discuss the results of the FDIC’s National Survey of Unbanked and Underbanked Households, issues related to overdrafts, and the strategic focus of ComE-IN’s future work.
The FDIC conducted its National Survey of Unbanked and Underbanked Households earlier this year as a supplement to the Bureau of the Census’ Current Population Survey. “The data obtained from the FDIC/Census survey are the most comprehensive ever obtained about the demographic characteristics of who is considered underserved, and why,” said FDIC Chairman Sheila C. Bair. “Armed with this groundbreaking information, policymakers and the industry will be better positioned to help broaden all consumers’ access to the financial mainstream.” FDIC Vice Chairman Martin J. Gruenberg observed, “This survey will provide the information base for future efforts to address the financial services needs of unbanked and underbanked households in the United States.”
The Committee will also hear a summary of the FDIC Study of Overdraft Programs and an overview of current and pending guidance regarding overdrafts.
Note that the release contains a link to a live webcast of the meeting.
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