FDIC establishes new advisory committee

Bank News, December, 2006 by Anonymous

An FDIC Advisory Committee on Economic Inclusion has been approved by the FDIC Board of Directors. The committee is designed to provide the FDIC with advice and recommendations on important initiatives focused on expanding access to banking services by underserved populations.

"My interest in promoting economic inclusion for the underserved goes back many years." said FDIC Chairman Sheila C. Bair. "So I am very pleased by the board's action today. I look forward to recommendations from the advisory committee on how best to advance our effort to provide all consumers with reasonable access to full-service banking and other financial services. As part of this effort, we would like to work closely with the banking industry to explore ways to make affordable short-term loan...

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