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Akaka Introduces Bill to Increase Access to Financial Services

WASHINGTON -- The federal government would make grant and loan money available to encourage financial institutions to reach out to low-income consumers who do not have credit union bank or credit union accounts, if a bill introduced Thursday by Sen. Daniel Akaka (D-Hawaii) passes.

By Claude R. Marx | Updated on August 01, 2008

WASHINGTON — The federal government would make grant and loan money available to encourage financial institutions to reach out to low-income consumers who do not have credit union bank or credit union accounts, if a bill introduced Thursday by Sen. Daniel Akaka (D-Hawaii) passes.

One program would fund outreach efforts by credit unions and banks among communities in which there are large numbers of individuals who don’t have accounts at financial institutions.

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