On October 29, 2024, the US Treasury released the National Strategy for Financial Inclusion in the United States. The Strategy identifies objectives and recommendations for policymakers, industry, employers, and community organizations to advance consumer access to safe financial products and services and strengthen financial security.
Congress requested the Strategy in 2023, which has been shaped by Treasury’s in-depth research and consultations with experts, community leaders, industry representatives, and other federal agencies, as well as public feedback gathered through a Request for Information. Objectives and Key Recommendations of the Strategy include:
Promote access to transaction accounts that meet consumer needs.
Increase access to safe and affordable credit.
Expand equitable access to savings and investments.
Improve the inclusivity of financial products and services provided or backed by the government.
Foster trust in the financial system by protecting consumers from illegal and predatory practices.
Read the Treasury’s press release here.
The full report can be found here.
