Labor force participation has been particularly low for those with only a high school diploma or less.1 Research has  1  Alison Weingarden (2017), “Labor Market Outcomes in Metropolitan and Non-Metropolitan Areas: Signs of Growing Disparities,” FEDS Notes (Washington: Board of Governors of the Federal Reserve  -2also found that business formation and employment growth during the recovery have been concentrated in large urban areas.2 Data and research findings like these remind us that, despite positive trends in national data, the benefits of the ongoing economic expansion are still not reaching some communities.
Examples include:   Licensing and supervision of Deposit Taking Microfinance Institutions;    Savings and Credit Co-operatives (SACCOs) and the SACCOs Regulatory Authority;    Amendment of the Banking Act to allow Shariah-compliant banking products;    Licensing of Credit Reference Bureaus to facilitate credit information sharing;    Agent Banking for cost effective financial outreach.