Authors: Steven Davidson
Fall 2002
Publication:
Fannie Mae Foundation

Across the nation, new financial service providers as well as leading mainstream financial institutions are recognizing the importance and viability of lower-income markets. They are beginning to create new partnerships, products, and delivery channels to meet the needs of such consumers. To have a significant effect on the LIC marketplace, however, these initial efforts require greater participation by financial institutions, the support of leadership organizations, and appropriate public policies. The time is ripe for strategies that will enable all segments of our consumer economy to benefit from financial innovations.

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