Public Policy Statements

Public Policy Statements


The Green Sheet: Prepaid Card Companies Under the Gun?

The Prepaid Cards and Consumer Protections Policy Paper released by CFSI in July 2011 was quoted in an article on The Green Sheet regarding Prepaid Cards and upcoming protections that might be enforced. A group of consume advocates have suggested a number ...

Comment Letter Re: President’s Advisory Council on Financial Capability

September 22, 2011


Dubis Correal
Department of the Treasury
Office of Financial Education and Financial Access
Main Treasury Building
1500 Pennsylvania Avenue, NW
Washington, DC 20220


Re: President’s Advisory Council on Financial Capability Proposed Themes and Principles; Request for
Comment (Docket ID: ...

Testimony for the House Subcommittee on Financial Institutions and Consumer Credit

Written Testimony of Melissa Koide, Vice President of Policy, Center for Financial Services
House Subcommittee on Financial Institutions and Consumer Credit


An Examination of the Availability of Credit for Consumers


September 22, 2011 Thank you, Chairman Capito, Vice Chair Renacci, and Ranking ...

CFSI Response to Request for Comment by Consumer Financial Protection Bureau

The Center for Financial Services Innovation (CFSI) is submitting this letter in response to the request for comment by the Consumer Financial Protection Bureau on June 29th, 2011.  We appreciate the opportunity to respond to the CFPB's notice and request for comment ...

Comment Letter: OCC Guidance on Deposit-­‐Related Consumer Credit Products

August 7, 2011

Office of the Comptroller of the Currency

250 E St, SW

Mail Stop 2-­‐3

Washington, DC 20219

Re: OCC Guidance on Deposit-­‐Related Consumer Credit Products (Docket ID OCC-­‐2011-­‐0012)

Dear OCC Representative:

The Center for Financial Services Innovation (CFSI) is submitting this letter in response to ...

Response to the MyAccountCard Pilot Program Launch for Low-income Tax Filers

CFSI, along with the National Community Tax Coalition, Doorways to Dreams Fund and the Corporation for Enterprise Development, has issued a letter to Secretary Geithner demonstrating grassroots and national support of the launch of the MyAccountCard Pilot Program for Low-income Tax Filers ...

Comments on Proposed Amendment to the Bank Secrecy Act Regulations Relating to Prepaid

CFSI has issued a letter in response to the request for comments by the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) on June 28, 2010. FinCEN has proposed significant regulatory changes for providers and sellers of prepaid cards in response to ...

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 ...

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.   

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. ...

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 ...

10 pp.   

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.

CFSI Comments on FDIC's Affordable Small Dollar Loan Guidelines

by

Jennifer Tescher

 

2 pp.   

CFSI Comments on CRA Q&A

by

Jennifer Tescher

 

2 pp.   

Comments on Proposed Rules for FDIC Insurance for Stored Value Cards

by

Jennifer Tescher

 

2 pp.   

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

by

Jennifer Tescher

 

2 pp.   

Breaking the Savings Barrier

by Jennifer Tescher

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

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.   

Innovation Update

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

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 ...

4 pp.   

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