A Growing Crisis In The Credit Market: The Plight of The Unbanked and Underbanked in America
Symposium: September 2011 A Growing Crisis In The Credit Market: The Plight of The Unbanked and Underbanked in America Washington, DC
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.