Acting Comptroller of the Currency Michael Hsu said he “feels the urgency” to modernize the Community Reinvestment Act regulations as soon as possible.
Browsing: Financial inclusion
One in 10 adults say they do not have a checking or savings account, according to new research released by Morning Consult.
Community partnerships, word of mouth help market an important financial inclusion initiative.
The FDIC this week announced the selection of eight teams to participate in a “tech sprint” to explore new technologies for banks that will help meet the needs of unbanked individuals.
In a statement for the record shared ahead of a House Financial Services subcommittee hearing on expanding access to the financial system today, the American Bankers Association emphasized the banking industry’s commitment to reducing the number of unbanked individuals in the country.
As the OCC observes the one-year anniversary of Project REACh—an initiative bringing together a broad range of stakeholders to address barriers to financial inclusion—Acting Comptroller of the Currency Michael Hsu announced that the program will expand its regional focus to three new areas: Washington, D.C., Dallas and Detroit.
The Bank On movement for financial inclusion continues to accelerate. In July, the Cities for…
George Floyd’s murder triggered statements—and DEI actions—at banks of all sizes. More than a year later, how have banks changed?
With more than 100 institutions now offering Bank On-certified checking accounts—and more in the pipeline—what can banks of all sizes learn from the experience of their certified peers?
The number of Bank On-certified deposit accounts has surpassed 100.