Public Policy

Public Policy

Comments and publications covering relevant public policy issues.

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 ...

Posted: August 2011

Comment Letter: 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 on ...

Posted: August 2011

Eleventh Annual Payments Conference

in Public Policy
May 2011

The Federal Reserve Bank of Chicago will host its annual payments conference on May 19-20, 2011. This year's theme is The New Face of Retail Payments: Markets, Strategies and Regulations. During this two-day event, we will focus on the following questions: 

  • How will consumers ...

The Credit Needs of Low-income Families at Tax Time

in Public Policy
March 2011
Event Name: 
The Credit Needs of Low-income Families at Tax Time
Date: 
March 2011

Panelists:
  • Melissa Koide, policy director, Center for Financial Services Innovation
  • Brett Theodos, research associate, ...

CFSI comments on U.S. Treasury Department's Launch of Tax Time Debit Card Program

The Center for Financial Services Innovation (CFSI) today issued a statement commending the U.S. Treasury’s announcement of a 2011 pilot program to test the delivery of tax refunds via debit card accounts. The pilot program, which was deeply informed by CFSI’s SAFE-T Accounts ...

Posted: September 2010

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 ...

Posted: September 2010

Melissa Koide's Testimony

Melissa Koide's Testimony at the Public Hearing on the Community Reinvestment Act Regulations

Read the transcript of testimony from Melissa Koide, Policy Director at CFSI, before the Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Comptroller of the Currency ...

Posted: September 2010

President signs Financial Reform Bill, Establishes Loan Loss Reserve Fund

Fund will expand the availability of safe and affordable small-dollar consumer credit
 
Washington, DC July 21, 2010- The Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law by President Obama today, creates a Loan Loss Reserve Fund for small-dollar, consumer ...

1 pp.   
Posted: July 21, 2010

CFSI Advocates for an Exclusion from Interchange Rules for Prepaid Cards

Chicago, June 17, 2010 – 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 ...

1 pp.   
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

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.   
Posted: June 2010

CFSI launches Policy Initiative to address access to sound financial products for the Underbanked

November 2, 2009 | IL

New Policy Director Melissa Koide to champion federal financial services policy

 
CHICAGO - November 2, 2009 - The Center for Financial Services Innovation (CFSI) announced today the launch of a significant policy initiative to provide national leadership and new ideas on public policies ...
2 pp.   

Highlights from the 3rd Annual Underbanked Financial Services Forum

Having recognized the great opportunity underbanked consumers represent for financial services, participants at the Third Annual Underbanked Financial Services Forum turned their attention to better understanding this potential market. The forum, presented by SourceMedia in conjunction with the Center for Financial Services ...

18 pp.   
Posted: October 2008

Toward Better Informed Consumers: A Collection of Strategies from Financial Institutions

by Kimberly Gartner

Federal regulators first required credit card disclosures in 1968 as a way to help consumers make better-informed decisions about using their cards. But several indicators suggest that disclosures have not been fulfilling their intended purpose. Revolving debt is up, credit card products ...

14 pp.   
Posted: September 2007

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.   
Posted: February 2005

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