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H.R. 1285: Improving Access to Traditional Banking Act of 2019

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Feb 14, 2019.


Improving Access to Traditional Banking Act of 2019

This bill establishes in the Consumer Financial Protection Bureau the Office for Under-Banked, Un-Banked, and Underserved Consumers. The office must, in part (1) report on impeding factors for individuals and families that do not participate in the banking system, and (2) develop strategies to increase such participation.