U.S. House panel to look at finance sector’s diversity, inclusion

Tuesday, November 20, 2018

By Pete Schroeder

Democrats are planning to dramatically step up their focus on improving financial services for underserved communities when they take control of the U.S. House of Representatives in January, according to several people briefed on the matter.

Representative Maxine Waters, who is poised to take over the chair of the Financial Services Committee after Democrats won a majority in the House in Nov. 6 elections, is considering creating a subcommittee dedicated to financial inclusion and diversity in the sector, as well as a taskforce to focus on financial technology innovation, the people said.

Photo courtesy of Paolo Rosa.

Source: Reuters (link opens in a new window)

financial inclusion, fintech