News
Don't Overlook the Role that Nonbanks Play

By Joseph Coleman
Chairman of the Financial Service Centers of America

American Banker, March 6, 2009: Why is the Federal Deposit Insurance Corp. determined to recreate the wheel when it comes to serving the financial needs of low- and moderate-income consumers?

The FDIC's Advisory Committee on Economic Inclusion's most recent meeting highlights many of the challenges and shortcomings associated with the ongoing efforts to convince millions of Americans that they are better served by using banks and other mainstream financial institutions than alternative providers.

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