I 

115TH CONGRESS 

2D SESSION H. R. 4764 

To amend the Consumer Financial Protection Act of 2010 to establish an 

Office for Under-Banked and Un-Banked Consumers. 

IN THE HOUSE OF REPRESENTATIVES 

JANUARY 10, 2018 

Mr. DAVID SCOTT of Georgia introduced the following bill; which was referred 

to the Committee on Financial Services 

A BILL 

To amend the Consumer Financial Protection Act of 2010 

to establish an Office for Under-Banked and Un-Banked 

Consumers. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Improving Access to 

5 Traditional Banking Act of 2018’’. 

6 SEC. 2. OFFICE FOR UNDER-BANKED AND UN-BANKED CON7 SUMERS. 

8 Section 1013 of the Consumer Financial Protection 

9 Act of 2010 (12 U.S.C. 5493) is amended by adding at 

10 the end the following: 


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1 ‘‘(i) OFFICE FOR UNDER-BANKED AND UN-BANKED

2 CONSUMERS.— 

3 ‘‘(1) ESTABLISHMENT.—Before the end of the 

4 90-day period beginning on the date of the enact5 ment of the subsection, the Bureau shall establish 

6 an Office for Under-Banked and Un-Banked Con7 sumers (hereinafter referred to as the ‘Office’), the 

8 functions of which shall include activities designed to 

9 better assess the reasons for the lack of, and help 

10 increase the participation of, under-banked and un11 banked consumers in the banking system, including 

12 the coordination with other Federal and State finan13 cial services agencies on this matter to ensure the 

14 most efficient and effective use of governmental re15 sources. 

16 ‘‘(2) DUTIES.—The Office shall— 

17 ‘‘(A) conduct research to identify any 

18 causes and challenges contributing to the deci19 sion of individuals who, and households that, 

20 choose not to initiate or maintain on-going and 

21 sustainable relationships with depository insti22 tutions, including consulting with trade associa23 tions representing minority depository institu24 tions, and organizations representing the inter25 ests of traditionally underserved consumers and 


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1 communities, and organizations representing 

2 the interests of consumers, particularly low3 and moderate-income individuals, civil rights 

4 groups, community groups, and consumer advo5 cates, about this matter; 

6 ‘‘(B) identify best practices, develop and 

7 implement strategies to increase the participa8 tion of under-banked and un-banked consumers 

9 in the banking system; and 

10 ‘‘(C) submit a report to Congress, within 

11 two years of the establishment of the Office and 

12 annually thereafter, that identifies any factors 

13 impeding the ability to, or limiting the option 

14 for, individuals or households to have access to 

15 on-going and sustainable relationships with de16 pository institutions to meet their financial 

17 needs, discusses any regulatory, legal, or struc18 tural barriers to enhancing participation of 

19 under-banked and un-banked consumers with 

20 depository institutions, and contains regulatory 

21 and legislative recommendations to promote 

22 better participation for all consumers with the 

23 banking system.’’. 

Æ 


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