FDIC Chairman Gruenberg at Economic Inclusion Summit

April 26, 2017

On Wednesday, April 26, 2017, the FDIC held its first “Economic Inclusion Summit” focusing on strategies to bring consumers into the financial mainstream. FDIC Chairman Martin J. Gruenberg opened the event by speaking on the benefits of economic inclusion, how banking engagement is measured, the opportunities various institutions have to enhance economic inclusion, as well as an update on other FDIC activities.

 

To close his remarks, Chairman Gruenberg commented, “The issue of economic inclusion goes to the heart of the FDIC’s mission of maintaining the public’s confidence in the banking system and providing a safe and secure place for people to access financial services.  The progress we have made from initiating the unbanked and underbanked survey, developing the model safe transaction account, seeing it offered by financial institutions around the country, and exploring the potential of mobile financial services to expand access, among other initiatives, has been remarkable.”