May 14, 2021, 9:04 PM
The Consumer Financial Protection Bureau’s Office of Community Affairs would have to coordinate efforts to help more individuals and households access the banking system under a modified version of .
The office would be directed to:
- Coordinate research, in consultation with banking industry groups and organizations that represent underserved communities, on hurdles that make it difficult for consumers to access the banking system.
- Identify experts at the CFPB to work on related issues.
- Work with other federal offices to increase the participation of underserved consumers in the banking system, and develop strategies to improve their financial education.
- Report…
Read More: BGOV Bill Summary: H.R. 1711, Expand Consumer Banking Access