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Indicator: 1
[Output]
Measurements in/of Recommendations Made
Relationships: Federal Deposit Insurance Corporation - Narrower_Than
Other Information:
FDIC Advisory Committee on Economic Inclusion
| Type |
Target |
Actual |
| StartDate |
2010-10-01 |
2010-10-01 |
| EndDate |
2011-09-30 |
2011-09-30 |
| Number |
n/a |
7 |
| Description |
Unspecified |
At the March 28, 2007, advisory committee meeting, the committee recommended that the FDIC adopt a proposal for a pilot project
to expand the availability of reasonably-priced small-dollar loans offered by financial institutions. At its March 19, 2008,
meeting, the committee explored ways to supplement the FDIC's existing efforts to encourage asset-building among low- and
moderate-income households. At the July 9, 2008, meeting, the committee made five asset-building recommendations.At the July
9, 2008, meeting, the committee made a recommendation covering five asset building areas. At the February 5, 2009, meeting,
the committee recommended that the issues and challenges discussed by the committee to increasing access to the financial
mainstream by the underserved communities and low- and moderate-income consumers be compiled in a report. At its July 30,
2009, meeting, the committee recommended that the report be made available by the FDIC to the public.At the April 1, 2010
meeting, the committee recommended solicitation of public comment on templates for safe, low-cost transactional and savings
deposit accounts for consumers. Also at the April 1, 2010 meeting, the committee adopted a Strategic Plan, which focuses the
committee’s work in five distinct program areas: transactional accounts, savings, affordable credit, financial literacy, and
incentives. At the June 24, 2010 meeting, the committee recommended that the FDIC adopt the Small-Dollar Loan Template and
endorse and promote the small-dollar loan program.At the June 2, 2011, meeting, the committee explored the state of economic
inclusion and the way forward. Among the panelists were the recipients of the FDIC Chairman’s Award for Excellence in Serving
the Needs of Low- and Moderate-Income Consumers. At that meeting, a committee member asked that the FDIC make available to
the ranking members of the House and Senate banking committees, information regarding the LMI award recipients’ programs.
Though this was not a formal recommendation of the full committee, the FDIC did make the information available to appropriate
congressional staffers immediately prior to the June 2, 2011, meeting.
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