CAAB

Investing in People, Strengthening Communities

Over 100 People Came Together Yesterday to Discuss the Unbanked/Underbanked Issue in DC

CAAB and Partners hosted a conversation on September 24th about economic issues affecting DC’s individuals, families and communities and critical tools that can measurably improve financial well-being. Like our at-capacity and lively first two meetings in February and May, and future sessions, this meeting focused on exploring what it is to be unbanked or underbanked, how it impacts low- and moderate-income individuals and explore ways to address this issue in the District of Columbia.

Over 100 People Came Together Yesterday to Discuss the Unbanked/Underbanked Issue in DC

Capital Area Asset Builders (CAAB) and Partners hosted a conversation on September 24th about economic issues affecting DC’s individuals, families and communities and critical tools that can measurably improve financial well-being.

Like our at-capacity and lively first two meetings in February and May, and future sessions, this meeting considered current research and best practices at the national level associated with unbanked/underbanked issues and focused on exploring what it is to be unbanked or underbanked, how it impacts low- and moderate-income individuals and explore ways to address this issue in the District of Columbia.

Participants were involved in a robust discussion about cross-sector credit strategies that can contribute significantly to a more inclusive, equitable DC economy.

Speakers included DC Deputy Mayor Courtney Snowden, Commissioner Stephen Taylor from the DC Department of Insurance, Securities and Banking, Joe Valenti from the Center for American Progress, Elizabeth Jennings from the National Disability Institute, Carol Lambert from the US Treasury Department, Janet Gordon from the Federal Deposit Insurance Corporation, Shena Elrington from Director of Immigrant Rights & Racial Justice Policy, Dave Beck from the Federal Reserve Bank of Richmond, Joseph Vaughan from the DC Financial Literacy Council, Joseph Leitmann-Santa Cruz from CAAB.

This was the third event of the Economic Inclusion in DCseries hosted by CAAB, Coalition for Nonprofit Housing and Economic Development (CNHED), Comptroller of the Currency (OCC), Corporation for Enterprise Development (CFED), Federal Deposit Insurance Corporation (FDIC), Federal Reserve Bank of Richmond and United Way of the National Capital Area.

To access all presentations, please http://bit.ly/1JymE5q

Future sessions of this series will consider asset-building strategies for the District of Columbia and will aim to develop a financial inclusion action plan for DC. 

Questions or suggestions?  Contact Joseph Leitmann-Santa Cruz jleitmann-santacruz@caab.org (202) 419-1440 x 102 or Cynthia Durant CDurant@fdic.gov (410) 872-9024 x 4024.

 

About Capital Area Asset Builders

Capital Area Asset Builders (CAAB) is a non-profit organization whose mission is to empower low- and moderate-income residents of the Greater DC Area to take control of their finances, increase their savings, and build wealth for a better future.

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How to give

Now, more than ever, non-profits like Capital Area Asset Builders (CAAB) need your help. Please support CAAB as we continue to help DC residents manage and/or improve their financial situation during these difficult times. If you can't afford to give a monetary gift, please visit our Amazon Wish List where you can choose from a variety of items that CAAB needs in order to better serve our community.

or send a check or money order to
Capital Area Asset Builders (CAAB)
c/o Joseph Leitmann-Santa Cruz, CEO & Executive Director
1100 H Street NW, Suite 200
Washington, DC 20005