The U.S. Department of the Treasury issued a request for information (RFI) to gather input to develop a national strategy for financial inclusion.
The Treasury Department began work on a financial inclusion strategy in 2023 and it is now seeking input from a variety of stakeholders. The goal is to ensure that the strategy identifies clear and actionable opportunities for the public, private, and nonprofit sectors to advance financial inclusion. Further, it seeks to broaden access to financial products and services among underserved communities.
“Financial inclusion is a critical part of fostering financial security, expanding opportunities to build wealth, and closing the racial wealth gap. Too many individuals and families lack access to tools to support goals like homeownership and higher education, information that can help them plan for retirement or invest, and the ability to affordably make or receive payments,” Assistant Secretary for Financial Institutions Graham Steele said. “The financial inclusion strategy is an opportunity for Treasury to advance both a strategic vision for financial inclusion and a roadmap for future action.”
Specifically, the Treasury Department is seeking information and recommendations from all interested parties to advance financial inclusion through policy, government programs, financial products and services, technology, and market infrastructure. Treasury is committed to including a broad range of perspectives and is particularly interested in the views and needs of underserved communities.
Members of the public are encouraged to submit comments.