Millions of Americans are disconnected from the financial system. Some do not have bank accounts at all, while others with accounts also rely on products outside the mainstream banking system, such as check cashers and pawn shops. These families often pay more just to access their paychecks, pay bills, and manage their money. But city and community leaders, as well as banks, have taken steps toward building a more inclusive financial system that works for all Americans.
Please join the Center for American Progress for a discussion of new findings by the Federal Deposit Insurance Corporation, or FDIC, on the number of Americans without bank accounts, what being left behind means for families and communities, and what policymakers and financial institutions are doing to bridge this gap.
Carmel Martin, Executive Vice President for Policy, Center for American Progress
José Cisneros, Treasurer, City and County of San Francisco
Bob Annibale, Global Director, Citi Community Development and Citi Microfinance
Keith Ernst, Associate Director of Depositor and Consumer Protection, Federal Deposit Insurance Corporation
Lindsay Daniels, Manager, Wealth-Building Initiative, National Council of La Raza
Heidi Goldberg, Program Director, Institute for Youth, Education, and Families, National League of Cities
Hanns Kuttner, Senior Fellow, Hudson Institute
Joe Valenti, Director of Asset Building, Center for American Progress