Federal Reserve Bank of New York https://www.newyorkfed.org/outreach-and-education/communitydevelopment/community-development-finance-conference 28  - 11 -  requested comments from the public on a proposal to do just that. Importantly, the proposal would encourage banks to expand access in LMI communities to home mortgage, small business, and other credit, to make community development investments, and engage in lending and banking services.
We need to be clear that this cannot simply be a matter of delivering off-the-shelf lectures on technical concepts and sophisticated products. The effort here needs to cultivate behavior and attitudes as well. And to ensure sustainability, hew financial education initiative needs to be complemented by a robust and effective redress mechanism for stakeholders who feel that their rights have been compromised.