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News Release 2024-40 | April 10, 2024

Acting Comptroller Discusses Creating Economic Opportunity for New Americans

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed the value of financial literacy for new Americans in remarks during the Financial Literacy and Education Commission’s Public Meeting.

In his remarks, Mr. Hsu acknowledged that immigrants are important drivers of our economy, including through entrepreneurship and innovation; however, they are also more likely to be unbanked than other Americans. He also highlighted ways banks can draw new Americans into the financial system, from exploring innovative ways to support account openings to working with trusted community partners to help them thrive.

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