New Resource: Community Developments Insights Paper
Posted by on April 1, 2005
The Office of the Comptroller of the Currency (OCC) released a Community Developments Insights paper http://www.occ.treas.gov/ftp/release/2005-25a.pdf which examines Individual Development Accounts (IDAs) as a tool for banks and other financial institutions to encourage lower-income persons and families to save money and thus build assets for particular financial goals. The paper describes why banks offer IDAs, shows how banks are involved with IDAs, and addresses barriers to the growth of IDA products. The information presented in the paper was obtained from a variety of sources including financial institutions, IDA policymakers, nonprofit service providers, and program funders.
Click here for link to paper:
http://www.occ.treas.gov/ftp/release/2005-25a.pdf
Barry Wides
Office of the Comptroller of the Currency
Community Affairs Department
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