I 

116TH CONGRESS 

1ST SESSION H. R. 4067 

To amend the Consumer Financial Protection Act of 2010 to direct the 

Office of Community Affairs to identify causes leading to, and solutions 

for, under-banked, un-banked, and underserved consumers, and for other 

purposes. 

IN THE HOUSE OF REPRESENTATIVES 

JULY 25, 2019 

Mr. DAVID SCOTT of Georgia (for himself and Mr. DUFFY) 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 direct the Office of Community Affairs to identify 

causes leading to, and solutions for, under-banked, unbanked, and underserved consumers, and for other purposes. 

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 ‘‘Financial Inclusion 

5 in Banking Act of 2019’’. 


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1 SEC. 2. OFFICE OF COMMUNITY AFFAIRS DUTIES WITH RE2 SPECT TO UNDER-BANKED, UN-BANKED, AND 

3 UNDERSERVED CONSUMERS. 

4 Section 1013(b)(2) of the Consumer Financial Pro5 tection Act of 2010 (12 U.S.C. 5493(b)(2)) is amended— 

6 (1) by striking ‘‘The Director shall establish a 

7 unit’’ and inserting the following: 

8 ‘‘(A) IN GENERAL.—The Director shall es9 tablish a unit to be known as the ‘Office of 

10 Community Affairs’ ’’; and 

11 (2) by adding at the end the following: 

12 ‘‘(B) DUTIES RELATED TO UNDER13 BANKED, UN-BANKED, AND UNDERSERVED

14 CONSUMERS.— 

15 ‘‘(i) IN GENERAL.—The Office of 

16 Community Affairs shall— 

17 ‘‘(I) lead coordination of research 

18 to identify any causes and challenges 

19 contributing to the decision of individ20 uals who, and households that, do not 

21 initiate or maintain on-going and sus22 tainable relationships with depository 

23 institutions, including consulting with 

24 trade associations representing minor25 ity depository institutions, organiza26 tions representing the interests of traVerDate Sep 11 2014 05:13 Aug 14, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H4067.IH H4067

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1 ditionally underserved consumers and 

2 communities, organizations rep3 resenting the interests of consumers 

4 (particularly low- and moderate-in5 come individuals), civil rights groups, 

6 community groups, consumer advo7 cates, and the Consumer Advisory 

8 Board about this matter; 

9 ‘‘(II) identify subject matter ex10 perts within the Bureau to work on 

11 the issues identified under subclause 

12 (I); 

13 ‘‘(III) lead coordination efforts 

14 between other Federal departments 

15 and agencies to better assess the rea16 sons for the lack of, and help increase 

17 the participation of, under-banked, 

18 un-banked, and underserved con19 sumers in the banking system; and 

20 ‘‘(IV) shall identify and develop 

21 strategies to increase financial edu22 cation to under-banked, un-banked, 

23 and underserved consumers. 

24 ‘‘(ii) COORDINATION WITH OTHER BU25 REAU OFFICES.—In carrying out this paraVerDate Sep 11 2014 05:13 Aug 14, 2019 Jkt 089200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H4067.IH H4067

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1 graph, the Office of Community Affairs 

2 shall consult with and coordinate with the 

3 research unit established under subsection 

4 (b)(1) and such other offices of the Bureau 

5 as the Director may determine appropriate. 

6 ‘‘(iii) REPORTING.— 

7 ‘‘(I) IN GENERAL.—The Office of 

8 Community Affairs shall submit a re9 port to Congress, within two years of 

10 the date of enactment of this subpara11 graph and every 2 years thereafter, 

12 that identifies any factors impeding 

13 the ability to, or limiting the option 

14 for, individuals or households to have 

15 access to fair, on-going, and sustain16 able relationships with depository in17 stitutions to meet their financial 

18 needs, discusses any regulatory, legal, 

19 or structural barriers to enhancing 

20 participation of under-banked, un21 banked, and underserved consumers 

22 with depository institutions, and con23 tains recommendations to promote 

24 better participation for all consumers 

25 with the banking system. 


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1 ‘‘(II) TIMING OF REPORT.—To 

2 the extent possible, the Office shall 

3 submit each report required under 

4 subclause (I) during a year in which 

5 the Federal Deposit Insurance Cor6 poration does not issue the report on 

7 encouraging use of depository institu8 tions by the unbanked required under 

9 section 49 of the Federal Deposit In10 surance Act.’’. 

Æ 


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