NEFE CEO Invited to Serve on FDIC Committee

Ted Beck, president and CEO of the National Endowment for Financial Education, has been named a member of the newly-formed Federal Deposit Insurance Corporation’s (FDIC) Advisory Committee on Economic Inclusion. The Advisory Committee was created to offer guidance and suggestions to the FDIC on how to expand access for underserved populations in banking and financial services.

In commenting on the work of the committee, FDIC Chairman Sheila C. Bair said, “I look forward to recommendations from the Advisory Committee on how best to advance our effort to provide all consumers with reasonable access to full-service banking and other financial services. We would also like to create ways to encourage individual and household savings. I see this as a win-win proposition for both the industry and consumers.”

The members of the Advisory Committee represent a wide variety of interests from the banking industry, academia, state regulatory authorities, government, community-based groups, and consumer or public advocacy organizations.