The Federal Deposit Insurance Corporation (FDIC) is inviting public comments on their request to approve a new version of the "Survey of Household Use of Banking and Financial Services." This survey, conducted with the U.S. Census Bureau, collects data on how U.S. households use banking and financial services, including those from nonbank sources. It aims to inform policymakers and help bring unbanked households into the traditional financial system. Comments must be submitted by March 19, 2021, to assist in minimizing the burden of data collection and improving the survey's quality and utility.
Simple Explanation
The FDIC wants to know how families use or don't use banks, so they're asking people about their banking habits. They're trying to make it easier for everyone to use banks and need ideas from the public to make the survey better.