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U.S. PIRG Consumer Blog
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September 16, 2009
Shining a light on the needs of the unbanked
I am joining several experts on a panel at a free public event (RSVP requested) Friday morning at the New America Foundation. It's called Shining a Light on “Shadow” Banking: As Congress reconvenes and the effort to overhaul the financial regulatory system resumes, how do the financial services needs of underbanked consumers fit into the broader policy discussion? Treasury's Peggy Twohig is the keynote. In this case, shadow refers to what is also called the "fringe banking" or "alternative financial system." (Sometimes "shadow" can refer to unregulated sectors such as derivatives or hedge funds.)
Posted by Ed Mierzwinski at September 16, 2009 09:11 AM
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