Reaching the Unbanked and Underserved Across America
The Alliance for Economic Inclusion (AEI) is the FDIC's national initiative
to establish broad-based coalitions of financial institutions, community-based
organizations and other partners in ten markets
across the country to bring all unbanked and underserved populations into the
financial mainstream.
The focus is on expanding basic retail financial services for underserved
populations, including savings accounts, affordable remittance products,
small-dollar loan
programs, targeted financial education programs, alternative delivery channels
and other asset-building programs. To date, 952 banks and organizations have joined AEI nationwide; more than
65,000 new bank accounts have been opened; 45 banks are in the process of
offering or developing small-dollar loans; 33 banks are offering remittance
products;
and more than 61,000 consumers have been provided financial education.
Alliance for Economic Inclusion (AEI) National Conference
February 3-5, 2009
Arlington,
VA
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