FDIC Advisory Committee Meets to discuss Unbanked/Underbanked Survey, Safe Banking Products and Bank On 2.0 — 2014-10-27

The Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion (ComE-IN) will meet on Wednesday, October 29, to discuss the results from the 2013 National Survey of Unbanked and Underbanked Households, which will be released later that day. Other topics for discussion by the Advisory Committee will include banks' experience with low cost transaction accounts and affordable small dollar loans and related "Bank On 2.0" initiatives to expand access to the banking sector by non-profit and public sector organizations. "More and more insured financial institutions are offering low-cost, transaction accounts intended to establish and sustain relationships with consumers," said FDIC Chairman Martin Gruenberg. "Over time, these products should enable a larger portion of the population to participate fully in the banking system and benefit as the U.S. economy continues to improve." The meeting will be open to the general public and will be held from 9:00 a.m.