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Posted on: May 25, 2017

In the News: Bank On Memphis in the National Spotlight

By Andy Meek
The Daily News

Shelby County Trustee David Lenoir was in the nation’s capital on May 23, speaking by invitation on a panel at the 2017 Bank On national conference in Washington, D.C.

Bank On is a national outreach effort targeting the underbanked – consumers, say, without checking accounts who instead frequent places like payday lenders – and connecting them to banks that have established products and services specific to that demographic. Variants of the effort exist in cities around the country.

And Lenoir’s participation in the daylong Bank On conference hosted by the Cities for Financial Empowerment Fund on Tuesday, May 23, is one example of how Memphis’ version of the effort – launched in 2011, then re-launched in 2015 with a citywide awareness campaign and mobile app – is getting national attention.

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