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Committee Detail

Note: An Annual Comprehensive Review, as required by §7 of the Federal Advisory Committee Act, is conducted each year on committee data entered for the previous fiscal year (referred to as the reporting year). The data for the reporting year is not considered verified until this review is complete and the data is moved to history for an agency/department. See the Data From Previous Years section at the bottom of this page for the committee’s historical, verified data.

Details on agency responses to committee recommendations can be found under the Performance Measures section for each committee in the fields “Agency Feedback” and “Agency Feedback Comment.”


FDIC - 30785 - FDIC Advisory Committee on Economic Inclusion - Agency Authority
Hide Section - GENERAL INFORMATION

GENERAL INFORMATION

Committee NameFDIC Advisory Committee on Economic InclusionAgency NameFederal Deposit Insurance Corporation
Fiscal Year2023Committee Number30785
Original Establishment Date11/2/2006Committee StatusChartered
Actual Termination Date Committee URLhttp://www.fdic.gov/about/comein/
New Committee This FYNoPresidential Appointments*No
Terminated This FYNoMax Number of Members*25
Current Charter Date12/3/2020Designated Fed Officer Position Title*Deputy Director of Consumer and Community Affairs and DFO
Date Of Renewal Charter12/3/2022Designated Federal Officer PrefixMs.
Projected Termination Date Designated Federal Officer First Name*Elizabeth
Exempt From Renewal*NoDesignated Federal Officer Middle Name
Specific Termination AuthorityDesignated Federal Officer Last Name*Ortiz
Establishment Authority*Agency AuthorityDesignated Federal Officer Suffix
Specific Establishment Authority*November 2, 2006, Board ResolutionDesignated Federal Officer Phone*(202) 898-6593
Effective Date Of Authority*11/2/2006Designated Federal Officer Fax*TBD
Exempt From EO 13875 Discretionary CmteNot ApplicableDesignated Federal Officer Email*elortiz@fdic.gov
Committee Type*Continuing
Presidential*No
Committee Function*National Policy Issue Advisory Board
Hide Section - RECOMMENDATION/JUSTIFICATIONS

RECOMMENDATION/JUSTIFICATIONS

Agency Recommendation*Continue
Legislation to Terminate RequiredNo
Legislation StatusNot Applicable
How does cmte accomplish its purpose?*The scope and objectives of the Committee are to provide advice and recommendations on initiatives to expand access to banking services for underserved populations. The Committee will review various issues that may include, but not be limited to, basic retail financial services such aslow-cost, sustainable transaction accounts, savings accounts, small dollar lending, prepaid cards, money orders, remittances, and other services to promote asset accumulation and financial stability. The Committee, as appropriate, offers advice and recommendations regarding the issues considered through discussions and appropriate motions at open committee meetings.
How is membership balanced?*Members will be appointed who can effectively represent the varied and diverse interests affected by the issues to be considered. Members will represent a cross-section of interests from the federal government, banking industry, state regulatory authorities, consumer or public advocacy organizations, community-based groups, academia, philanthropic organizations, as well as others impacted by banking-related practices.
How frequent & relevant are cmte mtgs?*Estimated Number of Meetings per Year – At least 2.
Why advice can't be obtained elsewhere?*The Committee would be utilized to gather information and data on those issues impacting the access to and participation in the banking system by individuals from underserved populations which in turn will help the FDIC to better identify and prioritize issues of concern, and if necessary, to develop and implement strategies and methods to improve banking access and offerings to underserved populations. Information would be gathered that would assist the agency in evaluating its effectiveness in improving the delivery of financial services to the underserved communities and in dealing with the entities it regulates, including the costs and benefits associated with existing regulations and the efficiency of supervisory methods currently employed. The Committee may explore policy options for changes in statutes, regulations, or supervisory practices or procedures that will better secure the public policy goals of delivering financial services more efficiently and at less cost if possible to a broader spectrum of individuals while maintaining a safe, competitive and innovative banking system.
Why close or partially close meetings?N/A
Recommendation Remarksn/a
Hide Section - PERFORMANCE MEASURES

PERFORMANCE MEASURES

Outcome Improvement To Health Or Safety*NoAction Reorganize Priorities*No
Outcome Trust In GovernmentYesAction Reallocate ResourcesNo
Outcome Major Policy ChangesYesAction Issued New RegulationsNo
Outcome Advance In Scientific ResearchNoAction Proposed LegislationNo
Outcome Effective Grant MakingNoAction Approved Grants Or Other PaymentsNo
Outcome Improved Service DeliveryYesAction OtherYes
Outcome Increased Customer SatisfactionYesAction CommentSee above comments under What is the Approximate Percentage of These Recommendations That Have Been Or Will Be Fully Implemented By the Agency.”
Outcome Implement Laws/Reg RequirementsYesGrants Review*No
Outcome OtherNoNumber Of Grants Reviewed0
Outcome CommentNANumber Of Grants Recommended0
Cost Savings*Unable to DetermineDollar Value Of Grants Recommended$0.00
Cost Savings CommentNAGrants Review CommentNA
Number Of Recommendations*0Access Contact Designated Fed. Officer*No
Number Of Recommendations CommentIn Fiscal Year 2022, the committee did not convey any formal recommendations to the FDIC, however members provided information, analysis, and informal recommendations to the FDIC's staff based on their individual perspectives from their work within their organizations. This feedback is beneficial to the FDIC as it provides an opportunity for collaboration to discuss operational and technical considerations, industry practices, and economic inclusion needs that impact the community at large.Access Agency WebsiteYes
% of Recs Fully Implemented*0.00%Access Committee WebsiteYes
% of Recs Fully Implemented CommentN/AAccess GSA FACA WebsiteYes
% of Recs Partially Implemented*0.00%Access PublicationsNo
% of Recs Partially Implemented CommentN/AAccess OtherYes
Agency Feedback*YesAccess CommentAccess to committee information may be obtained from the FDIC Advisory Committee on Economic Inclusion website located at https://www.fdic.gov/about/advisory-committees/economic-inclusion/ and is also available in the FDIC Public Information Center.
Agency Feedback Comment*At each committee meeting, FDIC staff provides agency feedback information to the Committee members and the public on a variety of issues, including issues raised by the committee members. Minutes are recorded for each meeting and are located at https://www.fdic.gov/about/advisory-committees/economic-inclusion/index.html.Narrative Description*The scope and objectives of the Committee are to provide advice and recommendations on initiatives to expand access to banking services for underserved populations. The Committee will review various issues that may include, but not be limited to, basic retail financial services such aslow-cost, sustainable transaction accounts, savings accounts, small dollar lending, prepaid cards, money orders, remittances, and other services to promote asset accumulation and financial stability. The Committee, asappropriate, offers advice and recommendations regarding the issues considered through discussions and appropriate motions at open committee meetings.
Hide Section - COSTS

COSTS

Payments to Non-Federal Members* Est Payments to Non-Fed Members Next FY* 
Payments to Federal Members* Est. Payments to Fed Members Next FY* 
Payments to Federal Staff* Estimated Payments to Federal Staff* 
Payments to Consultants* Est. Payments to Consultants Next FY* 
Travel Reimb. For Non-Federal Members* Est Travel Reimb Non-Fed Members nextFY* 
Travel Reimb. For Federal Members* Est Travel Reimb For Fed Members* 
Travel Reimb. For Federal Staff* Est. Travel Reimb to Fed Staff Next FY* 
Travel Reimb. For Consultants* Est Travel Reimb to Consultants Next FY* 
Other Costs Est. Other Costs Next FY* 
Total Costs$0.00Est. Total Next FY*$0.00
Date Cost Last Modified2/2/2023 1:12 PMEst. Fed Staff Support Next FY* 
Federal Staff Support (FTE)* Est Cost Remarks
Cost Remarks  
Hide Section - Interest Areas

Interest Areas

Category
Area
Finance
Banking
Credit
Finance
Hide Section - MEMBERS,MEETINGS AND ADVISORY REPORTS

MEMBERS,MEETINGS AND ADVISORY REPORTS

To View all the members, meetings and advisory reports for this committee please click here
Hide Section - CHARTERS AND RELATED DOCS

CHARTERS AND RELATED DOCS

No Documents Found
Hide Section - DATA FROM PREVIOUS YEARS

DATA FROM PREVIOUS YEARS

Committee

Data from Previous Years

 
ActionCommittee System IDCommittee NameFiscal Year
 COM-040804FDIC Advisory Committee on Economic Inclusion2022
 COM-039224FDIC Advisory Committee on Economic Inclusion2021
 COM-037036FDIC Advisory Committee on Economic Inclusion2020
 COM-035237FDIC Advisory Committee on Economic Inclusion2019
 COM-032556FDIC Advisory Committee on Economic Inclusion2018
 COM-001497FDIC Advisory Committee on Economic Inclusion2017
 COM-002523FDIC Advisory Committee on Economic Inclusion2016
 COM-003859FDIC Advisory Committee on Economic Inclusion2015
 COM-004664FDIC Advisory Committee on Economic Inclusion2014
 COM-005994FDIC Advisory Committee on Economic Inclusion2013
 COM-006785FDIC Advisory Committee on Economic Inclusion2012
 COM-007860FDIC Advisory Committee on Economic Inclusion2011
 COM-009181FDIC Advisory Committee on Economic Inclusion2010
 COM-010177FDIC Advisory Committee on Economic Inclusion2009
 COM-010876FDIC Advisory Committee on Economic Inclusion2008
 COM-011800FDIC Advisory Committee on Economic Inclusion2007