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President and CEO Rob Nichols said proposed rules threaten affordable deposit account products

Viewed as a critical component of the roadmap to driving economic mobility and financial access for those most in need

Research indicates that underbanked communities feel the sector will change significantly in the next few years

Branches offering Bank On certified accounts have risen significantly as the US seeks to address its “unbanked” population

Almost half of all US bank branches offer a Bank On-certified account

Recommendations include Bank On-certified accounts, greater flexibility around identification and financial education

‘Perpetuation of inequality is a deepening problem, while pace of technology is increasing’ says Acting Comptroller

First-of-its-kind competition challenges organisations to identify resources and tools for unbanked people across the US

The initiative has proven successful in addressing the needs of the US’s unbanked population

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Banking Exchange

This Is the Week to Register for the
BANKING EXCHANGE FLY-IN CONFERENCE

CHICAGO, Illinois — NOVEMBER 7, 2024
Registration closes at 5 pm central time Tuesday, November 5


Conference to be held at the University of Chicago, Booth Business School Downtown

This one-day event is open to all executives at U.S. financial institutions. On the agenda, will be: