FSIC Charter Member Mary Jackson Testifies at First Hearing on H.R. 6139

WASHINGTON — (July 24, 2012) Today, a national coalition of financial services innovators, policy analysts and consumer advocates expressed strong support for recently introduced legislation to create a federal non-bank charter. The Consumer Credit Access, Innovation and Modernization Act would establish a common, national standard for non-depository financial services providers who, once freed from conflicting states’ lending laws, could provide bank-like credit products to a growing number of Americans largely abandoned by traditional banks.