NCUA to Host Webinar on October 21 on Account Paths | 2021-10-05

The NCUA will host a webinar, “Pathways to Safe and Affordable Account Access for Consumers,” on October 21 in recognition of International Credit Union Day. Registration is now open for the webinar, which is scheduled to start at 2 p.m. ET.

The theme for International Credit Union Day® 2021 is “Building Financial Health for a Better Future”. To expand on this year’s theme, the webinar will discuss the characteristics of safe, low-cost savings accounts and transactions that meet the needs of consumers, especially underserved people.

Presenters include:

  • Dave Sieminski, Senior Policy Analyst at the Consumer Financial Protection Bureau’s (CFPB) Community Affairs Office, will present the latest data and research on the characteristics of accounts that promote financial inclusion and asset building as well as the impact of overdraft fees on consumers.
  • David Rothstein, Senior Director of the Cities for Financial Empowerment Fund (CFE), will discuss Bank On National Account standards, which include low costs, no overdraft fees and robust transaction capabilities. CFE will also discuss how they are partnering with credit unions nationwide to offer Certified Bank On accounts.
  • Ann Solomon, vice president of strategic initiatives at Inclusiv, will describe how they are working with partners in credit unions across the country to create programs and products designed to increase the financial capacity of low-income people.

Additionally, credit union officials will join the webinar to share information about their programs aimed at providing consumers with low-cost, low-cost products and services that bring greater inclusion and equity to the communities they serve. .

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