CFSICFSI

Publications  |  Public Policy Statements


Support of Title XII of the Restoring American Financial Stability Act of 2010

CFSI delivered a letter to Chairman Barney Frank and Chairman Christopher Dodd to show appreciation for their support of the Title XII of the Restoring American Financial Stability Act of 2010. CFSI states this legislation represents a strong step towards expanding access ...

Posted: June 2010

CFSI Interchange Comment Letter

The Center for Financial Services Innovation (CFSI) issued a statement today on the specific language in the Financial Regulatory Reform bill that would regulate interchange fees, recommending prepaid cards – including government benefits cards, general purpose prepaid cards, payroll cards – be ...

3 pp.   
Posted: June 17, 2010

FDIC Request for Public Comment on Proposed Templates for Safe, Low-Cost Transaction and Basic Savings Accounts for Low- and Moderate-Income Consumers

This letter is submitted on behalf of the Center for Financial Services Innovation (CFSI) in response to a FDIC request on May 7, 2010 for public comment on proposed templates for safe, low-cost transactional and savings accounts for low- and moderate-income consumers. ...

Posted: June 2010

Overcoming BSA Challenges to Account Opening: The Passageway Account

by Melissa Koide

There are 40 million persons living in the U.S. who lack a bank account. Many of these “unbanked” individuals lack sufficient identification necessary to meet banks’ customer identification verification procedures, which are required by the Bank Secrecy (BSA) and USA PATRIOT Acts. ...

10 pp.   
Posted: June 2010

CFSI Comment to Federal Reserve Board Proposed Rule to Amend Regulation E of the Credit Card Accountability Responsibility and Disclosure Act of 2009

by Melissa Koide

 

This letter was submitted on behalf of the Center for Financial Services Innovation (CFSI) in response to the Proposed Rule that was issued in the Federal Register on November 20, 2009 at 74 Fed. Reg. 60986-61012.

Posted: January 2010

CFSI Comments on FDIC's Affordable Small Dollar Loan Guidelines

by Jennifer Tescher

 

2 pp.   
Posted: February 2007

CFSI Comments on CRA Q&A

by Jennifer Tescher

 

2 pp.   
Posted: January 6, 2006

Comments on Proposed Rules for FDIC Insurance for Stored Value Cards

by Jennifer Tescher

 

2 pp.   
Posted: October 20, 2005

CFSI Comments on Federal Reserve's ANPR on Regulation of Credit Cards

by Jennifer Tescher

 

2 pp.   
Posted: March 24, 2005

Breaking the Savings Barrier: How the Federal Government can Build an Inclusive Financial System

by Anne Stuhldreher, New America Foundation, and Jennifer Tescher, CFSI
This report provides recommendations for federal policymakers to engage with the financial services industry to bring millions of un- and underbanked consumers into the financial mainstream.
20 pp.   
Posted: February 2005

Innovation Update: Industry Leaders Meet to Discuss Credit and Asset-Building Enhancements to Stored Value Cards

by Katy Jacob and Sabrina Su
On November 4, 2004, CFSI and the Federal Reserve Bank of New York's Office of Regional and Community Affairs convened a group of leaders from the stored value card (SVC) industry to discuss opportunities and barriers related to enhancing SVCs with asset ...
4 pp.   
Posted: December 2004