Special Report: Unbanked and Underbanked

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Organizations

Alliance for Economic Inclusion — AEI is the FDIC's new national initiative to establish broad-based coalitions of financial institutions, community-based organizations and other partners in nine markets across the country to bring all unbanked and underserved populations into the financial mainstream. The focus is on expanding basic retail financial services for underserved populations, including savings accounts, affordable remittance products, small-dollar loan programs, targeted financial education programs, alternative delivery channels and other asset-building programs.

American Payroll Association — APA is the nation's leader in payroll education, training and publications. The nonprofit association conducts payroll education conferences and seminars, publishes a complete library of resource texts and newsletters and represents more than 22,000 members.

Center for Financial Services Innovation — CFSI assists pioneering financial institutions, companies and other organizations, both large and small, to serve underbanked consumers across the economic, geographic and cultural spectrum both profitably and responsibly. It develops and distributes real-world tested research and strategy, provides funding to promising companies, and facilitates cross-sector business collaboration.

Corporation for Enterprise Development — The goal of the Corporation for Enterprise Development is to create a more robust, fair and sustainable economy.  CFED is fueled by the belief that there is a tremendous amount of untapped potential in low-income people and distressed communities. It identifies promising ideas, test and refine them to figure out what works, craft policies and products to help good ideas reach scale, and foster new markets to achieve maximum impact.

Organization for a New Equality — The mission of the Organization for a New Equality is to expand economic opportunities for people historically excluded from the financial mainstream by teaching them how to achieve financial independence and gain equal access to credit and capital through financial education and asset building strategies.

Prepaid International Forum — PIF is an open global forum for all parties participating on a commercial basis in the prepaid economy that aims to develop guiding principles and best practices for profitable and ethical participation in the prepaid economy – and always guided by consumer needs; be a catalyst for the creation of international standards that promote cross-border expansion of prepaid commerce; provide a voice for the cross-industry prepaid sector to speak to national and international regulatory and governmental bodies; generate and maintain dialogue with other organizations that touch the prepaid sector; and provide research and thought leadership to participants in the prepaid economy.

The Financial Literacy and Education Commission — The Financial Literacy and Education Commission was established under Title V of the Fair and Accurate Credit Transactions (FACT) Act of 2003 to improve financial literacy and education of persons in the United States. The Commission is chaired by the Secretary of the Treasury and composed of 19 other Federal agencies. Woodstock Institute — Woodstock Institute is a 33-year-old Chicago-based policy and advocacy nonprofit that works locally, nationally and internationally to promote community reinvestment and economic development in lower-income and minority communities. The Institute's goals are to increase the assets of targeted families and communities and, in particular, increase the supply of affordable rental and owner-occupied housing, and promote small business development, and access to fairly priced and appropriate financial services.

Woodstock Institute — Woodstock Institute is a 33-year-old Chicago-based policy and advocacy nonprofit that works locally, nationally, and internationally to promote community reinvestment and economic development in lower-income and minority communities. The Institute's goals are to increase the assets of targeted families and communities and, in particular, increase the supply of affordable rental and owner-occupied housing, and promote small business development, and access to fairly priced and appropriate financial services.