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FDIC Advisory Committee on Economic Inclusion to Meet This Week

April 24, 2017 / Source: FDIC

The Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion (ComE-IN) will meet on Thursday, April 27 to discuss measures banks may consider to reach underserved populations, such as collaborations with community-based organizations; resources for affordable mortgage lending; and new research that may be used to more effectively target resources to promote broader access to bank branches in underserved neighborhoods.

The Committee also will review the Economic Inclusion Summit, which will be hosted by the FDIC on April 26 to develop strategies to bring consumers into the financial mainstream.

The meeting will be open to the general public and will be held from 9 a.m. to 4 p.m. in the FDIC's Board Room, 6th Floor, 550 17th Street, N.W., Washington, D.C. Security screening and presentation of valid photo identification are required to enter the building. The meeting also will be webcast live. The meeting agenda and a link to the webcast can be found at https://fdic.gov/about/comein/2017/2017-04-27-agenda.html.

The advisory committee was established by the FDIC Board of Directors in November 2006 to provide the FDIC with advice and recommendations on important initiatives focused on expanding access to banking services for underserved populations. For more information about the committee and its initiatives, visit http://economicinclusion.gov/ or http://www.fdic.gov/about/comein/.

Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's banks and savings associations, 5,913 as of December 31, 2016. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars—insured financial institutions fund its operations.

FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-31-2017