On April 25, 2022, Gusto joined the Aspen Institute and a broad coalition of public and private sector stakeholders in sending a letter to Treasury Secretary Yellen and Deputy Secretary Adeyemo to support the establishment of a Presidential Commission to create a national, interagency financial inclusion strategy, as called for by US Senators Chris Coons, John Hickenlooper, and Raphael Warnock.
The letter highlights the importance of establishing and advancing a shared vision for national financial inclusion that can produce positive financial security outcomes for generations to come. For decades, exclusion within our financial systems— particularly for people of color and those living in rural communities—has made it difficult for Americans to achieve financial security. As our economy becomes increasingly digitized, it is even more imperative that the new, technology-driven ways of storing, lending, saving, sending, and investing money are designed for inclusion from the start to address these persistent divides. A Presidential Commission on financial inclusion would be instrumental in supporting a financial system built for the future with the flexibility to ensure that emerging technologies are designed in an inclusive and equitable manner with proper consumer protections in place.
Read the full letter here.