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Group Comments to FDIC on Safe Transaction and Savings Accounts

Consumer Action, Consumer Federation of America, Consumers Union, National Consumer Law Center (on behalf of its low income clients), and US PIRG welcome the opportunity to comment on the FDIC’s proposed templates for Safe Transaction and Savings Accounts to benefit low and moderate income consumers. Consumers currently in the ranks of the unbanked and under-banked need safe, low-cost accounts to participate in the mainstream financial market.

To read complete comments, click PDF below.