What We Do | Public Policy
CFSI provides national leadership and new ideas on public policies that encourage and enhance access to financial services for the financially underserved. CFSI seeks to advance federal financial services policy to spur product innovation and market competition, address impediments to high-quality financial services access, and educate policymakers about low income consumers’ financial services needs.
CFSI’s policy efforts focus on five key areas:
- Participation in the financial services reregulation conversation and the policy developments underway to establish a Consumer Financial Protection Agency
- Promotion and advancement of the SAFE-T Account proposal to create a tax time prepaid debit and savings account, which would be delivered to millions of tax filers on the federal income tax form
- Development of federal policy proposals to address the small dollar credit needs of underbanked consumers
- Identification and promotion of federal policies to address impediments that affect underbanked consumers’ access to high-quality financial services and products
- Education of policymakers about the financial lives and needs of the underbanked
The primary activities CFSI engages in to achieve its goals around public policy include:
· Developing and promoting financial services policies that enhance and expand underbanked consumers’ access to financial products and services
· Bringing policymakers’ and the media’s attention to critical issues related to the financial services access needs and preferences of underserved consumers
· Engaging key stakeholders, including policymakers, industry representatives, advocates, and nonprofits to inform and craft policy proposals
· Researching and disseminating policy briefs, research papers, and other educational materials
· Hosting convenings and participating in relevant conferences and events
Fore more information about CFSI’s policy work, please contact Melissa Koide, Policy Director, at mkoide@cfsinnovation.com.
