**U.S. Treasury Unveils National Financial Inclusion Strategy**

The U.S. Department of the Treasury has officially launched the National Strategy for Financial Inclusion, a pioneering blueprint aimed at broadening consumer access to secure financial products and services, thereby bolstering financial security across the United States. This landmark strategy, formulated in response to a 2023 Congressional request, is the culmination of Treasury’s thorough research and consultations with various stakeholders, including experts, community leaders, industry players, and other federal agencies. Public feedback obtained through a Request for Information also played a crucial role in shaping the Strategy.

"Access to financial products and services is essential to creating opportunity for all Americans," stated Secretary of the Treasury Janet L. Yellen. She emphasized that this strategy provides, for the first time, a national framework to broaden access to fundamental financial tools such as credit and investments, which are vital for wealth accumulation. "Implementing these recommendations will help more families build financial security and get ahead," she added.

National Economic Advisor Lael Brainard underscored the significance of the strategy, noting it as a historic initiative under the Vice President's leadership to enhance access to capital, credit, and economic opportunities. "This financial inclusion roadmap marks a major step forward in charting a clear path to improving access to banking, credit, savings, and other financial products in underserved communities—to ensure every American has the financial tools to build wealth," Brainard remarked.

The Strategy identifies key objectives, including promoting access to transaction accounts that meet consumer needs, increasing access to safe and affordable credit, expanding equitable access to savings and investments, improving the inclusivity of government-backed financial products and services, and fostering trust in the financial system by shielding consumers from illegal and predatory practices.

The Treasury's initiative highlights the importance of participating in and benefiting from the U.S. financial system as a cornerstone for financial security and wealth creation. While the nation boasts a robust financial infrastructure, significant disparities persist in how various populations engage with and benefit from financial services. This inequity is a contributor to ongoing economic disparities. By promoting financial inclusion, the Strategy aims to build financial resilience and create opportunities for all communities, thus working to reduce disparities rather than exacerbate them.

The Treasury has called upon all stakeholders to engage with the Strategy, encouraging innovation and collaboration towards establishing a more inclusive financial landscape.