Financial Inclusion Symposium

October 26, 2021
9:00 am - 1:45 pm
Virtual

BPI is hosting the Financial Inclusion Symposium on Tuesday, October 26 from 9:00 a.m.-1:45 p.m. EST.  The event will be held virtually given the ongoing disruption to travel due to COVID-19.

BPI’s symposium on financial inclusion will bring together leading policy experts from the regulatory agencies, academia, think tanks, financial institutions, and Capitol Hill for a candid discussion about “going the last mile” and increasing deposit account openings among unbanked and underbanked consumers.  Discussion panels will cover topics such as the institutional and consumer barriers to financial inclusion, different approaches to increasing financial inclusion and the scalability of those solutions, and potential ways in which policymakers can help increase inclusion.

A copy of the agenda is included below and is subject to change in advance of the event.

Event Agenda

Tuesday
October
26th, 2021

BPI’s symposium on financial inclusion will bring together leading policy experts from the regulatory agencies, academia, think tanks, financial institutions, and Capitol Hill for a candid discussion about “going the last mile” and increasing deposit account openings among unbanked and underbanked consumers.  Discussion panels will cover topics such as the institutional and consumer barriers to financial inclusion, different approaches to increasing financial inclusion and the scalability of those solutions, and potential ways in which policymakers can help increase inclusion.

9:00 AM - 9:05 AM
Introduction by Greg Baer, BPI President and CEO
9:05 AM - 10:15 AM
Panel 1: Customer and Institutional Barriers to Financial Inclusion

This panel will cover aspects of consumer financial behavior, financial literacy, household situational factors, and banking products or practices that may impede financial inclusion.   Questions addressed may include how lack of financial literacy or consumer behavioral biases cause some households to be unbanked; the extent to which being unbanked or underbanked stems from less-than-ideal product offerings; AML barriers (lack of required identification, etc.); and the role of digital inclusion.

Lead Discussants:
Aaron Klein, Brookings Institution
Julie Birkenmaier, St. Louis University
Angela Lyons, University of Illinois
Donald Morgan, Federal Reserve Bank of New York
Alex Cawthorne Gaines, JPMorgan Chase Policy Center

Moderated by:
Jennifer Tescher, Financial Health Network

10:20 AM - 11:30 AM
Panel 2: Practical Solutions to Increase Financial Inclusion

This panel will cover bank products targeted to unbanked or underbanked populations; overdrafts; digital currencies; bank partnerships with community development financial institutions; overcoming consumer dependence on payday loan and other high-cost nonbank credit products; and other current or potential approaches to enhance financial inclusion.

Lead Discussants:
David Rothstein, CFE Fund
Marco DiMaggio, Harvard Business School
Darlene Goins, Wells Fargo
Jesse Leigh Maniff, Federal Reserve Bank of Kansas City
Cindy Soo, University of Michigan, Ross School of Business

Moderated by:
Kim Allman, Capital One

11:30 AM - 11:55 AM
Break
11:55 AM - 12:35 PM
Brown-Bag Lunch with Keynote Speaker Congressman Jim Himes (D-CT)
12:35 PM - 1:45 PM
Panel 3: Pushing the Limits of Financial Inclusion: Regulatory and Credit Access Dimensions

This panel will examine the role of regulatory agencies in addressing financial inclusion.  Specific topics discussed may include the role of the Community Reinvestment Act in incentivizing bank efforts to broaden financial inclusion; the role of capital regulation; the role of consumer protection and fair lending enforcement; and AML, BSA, KYC barriers to financial inclusion (lack of required identification, etc.)

Lead Discussants:
Grovetta Gardineer, Office of the Comptroller of the Currency
Hal Scott, Committee on Capital Markets Regulation
Anne Wallwork, U.S. Department of the Treasury
Kay Turner, FinCEN

Moderated by:
Brad Blower, National Community Reinvestment Coalition

Additional Materials:

YouTube video

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