The FDIC Hosts Expanding Availability of Low-Cost Transaction Accounts in Northern & Central California
The Federal Deposit Insurance Corporation (FDIC) will host a webinar to encourage the development of low-cost transaction accounts offered by banks to meet the needs of unbanked communities in Northern and Central California. With many families receiving Federal Child Tax Credit payments and California’s Golden State Stimulus in 2021, banks have an opportunity to facilitate timely payments and to create long-term banking relationships. As almost five percent (5%) of Californian’s are unbanked, expanding availability and access to low-cost transaction accounts will decrease California’s unbanked rate and improve household financial stability.
- Colby White, Program Budget Analyst, California Department of Finance
- Naomi Camper, Chief Policy Officer, American Bankers Association
- Melanie Cuevas, Vice President – Government Affairs, California Bankers Association
- David Rothstein, Principal, Cities for Financial Empowerment Fund
- Spike Keil, Community Affairs Specialist, FDIC
Wednesday, August 4, 2021 from 10:00 AM to 11:30 AM PT
Webinar, registration information below.
Who should attend:
Bankers (Executive Officers, Product Managers, Compliance Officers, Community Reinvestment Act [CRA] Officers) interested in developing transaction accounts tailored for unbanked communities.
Event has past, registration is now closed.
If you have any questions about the event, please email Spike Keil at firstname.lastname@example.org.
- FDIC: How America Banks Survey
- Cities for Financial Empowerment Fund: Bank On (cfefund.org)
- Cities for Financial Empowerment Fund: National Account Standards (netdna-ssl.com)
- American Bankers Association: Join the Bank On Movement (aba.com)
- California Franchise Tax Board: Golden State Stimulus (ftb.ca.gov)