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Why is the FDIC conducting this survey of banks efforts to serve the unbanked and underbanked?

April 26, 2017Banks conducting efforts FDIC serve Survey unbanked underbanked

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Why is the FDIC conducting this survey of banks efforts to serve the unbanked and underbanked?

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Section 7 of the Federal Deposit Insurance Reform Conforming Amendments Act of 2005 – PDF (PDF Help) requires the FDIC to conduct a survey of FDIC-insured institutions every two years regarding their efforts to serve the unbanked. The FDIC is strongly committed to advancing economic inclusion for all segments of society and this survey effort is part of a number of initiatives that FDIC has underway.