Title XII Overview: Improving Access to Mainstream Financial Institutions

American Bankers Association Contacts

Dechert LLP Authors

Thomas P. Vartanian (202) 261-3439
Robert H. Ledig (202) 261-3454
David L. Ansell (202) 261-3433

Summary

Title XII is intended to improve the access of low- and moderate-income individuals to mainstream financial products. It seeks to accomplish this objective through three programs, none of which are mandatory for financial institutions.

The following links provide expanded analysis within this section:

12.1 Treasury to Promote Access to Accounts
12.2 Alternatives to Payday Loans
12.3 Grants to Establish Loan-Loss Reserve Funds
12.4 Issuance of Regulations

Full Title XII Summary (PDF)
Title XII Dodd-Frank Act Text