Financial Services
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Financial Services and Education Project: All Related Content

Default Stickiness, Low-Income Employees, & Considerations for Designing AutoSave

  • By
  • Pamela Chan
December 16, 2011
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The George Washington University School of Business and the Federal Reserve Board host a Financial Literacy Seminar Series  which bring together academics, policy makers, practitioners, and other experts interested in research on financial education and capability building.  Tuesday’s session featured Brigitte Madrian from the Harvard Kennedy School whose research is a cornerstone for our understanding of household saving and investment behavior,

Issues:

Protection vs. Prudence, More Myth Than Reality | American Banker

March 30, 2010

"I think leaving CRA with the regulators is actually a recognition of this issue," said Ellen Seidman, director of the Financial Services and Education Project at the New America Foundation and a former director of the Office of Thrift Supervision. "CRA is an affirmative obligation where consumer protection is not."

Programs:

Gov't Bank Regulators Got Big Bonuses Despite Missing Warnings Signs of Crisis| The Associated Press

March 18, 2010

But regulators were part of the problem, and the bonuses were a symptom, said Ellen Seidman, a research fellow at the New America Foundation think tank and ...

Programs:

Regulatory Actions Hit A Record Level In '09 | American Banker

March 10, 2010

"It is clear that a lot of banks are having issues relating to not only borrowers having difficulty paying, but vastly declining collateral values," said Ellen Seidman, director of the Financial Services and Education Project at the New America Foundation and a former director of the Office of Thrift Supervision. ...

Programs:

Bank of America to Deny Debit Card Overdrafts | USA Today

March 9, 2010

Other banks may follow BofA's lead in refusing debit card overdrafts if they believe most customers won't opt into the service and its fees, says Ellen Seidman, a former director of the Office of Thrift Supervision now at public policy group New America Foundation. ...

Programs:

Urgency for New Rules for Finance Is Slipping Away | The Associated Press

September 15, 2009
"The administration made a calculated decision," says Ellen Seidman, former Director of the Office of Thrift Supervision and senior fellow at The New America Foundation ...

and more »
Programs:

Overcoming Account Opening Impediments to the Bank Secrecy Act

September 4, 2009

The New America Foundation and Appleseed hosted a timely roundtable discussion on a proposed policy aimed at clearing the path for opening basic bank accounts for immigrants and those who are new to the financial system. Participants included counsel and compliance officers of banks, prepaid firms and financial institution processors, representatives of nonprofits serving immigrant families, delegates from the Mexican Embassy and public policy experts.

Programs:

Economic Inclusion--Consumer Product Updates

August 28, 2009

Two of the three essential elements that comprise good financial services policy are robust consumer protections and effective safety and soundness laws. The third component is policy that supports consumers' access to reasonably priced financial services. This presentation, given at the 2009 FDIC Interagency Conference on Economic Inclusion, explores the necessary balance that must be struck to among the three elements to craft effective financial services policy, and it describes two federal policy proposals to provide underserved consumers with access to financial products.

Programs:

National Consumer Protection Agency Would Upend Fragmented Structure | Los Angeles Times

August 9, 2009
Seidman, now a senior fellow at the New America Foundation, said she created an award for the best bank examiner on consumer affairs and compliance issues ...

and more »
Programs:

Treasury Department Considers SAFE-T Proposal

June 23, 2009

Washington, D.C.—The U.S. Treasury Department is considering a policy to create an opt-out account, into which federal income tax refunds would be direct deposited.  In an interview for an article today in the Wall Street Journal, Michael Barr, Assistant Secretary for the Treasury Department described the proposal, which was developed by Melissa Koide at the New America Foundation to increase access to banking services and jumpstart savings by millions of lower income tax filers.  

Programs:
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