In response to a request for information from the Department of Treasury to “establish national objectives for financial inclusion,” Woodstock Institute submitted the following comment letter.

We advocate for the Treasury to think systemically about this issue as the financial services industry is constantly evolving. We also advise caution in not feeding into a troubling trend of “predatory inclusion – creating products aimed at marginalized consumers who have been excluded from the financial mainstream, but designing those products contrary to the goals of financial security and wealth-building.”

Read the full letter below: