Faculty News

Barr Advises FDIC Advisory Committee

Michael Barr serves as the Joan and Sanford Weill Dean of Public Policy in the Gerald R. Ford School of Public Policy; the Roy F. and Jean Humphrey Proffitt Professor of Law; faculty director of the U-M Center on Finance, Law, and Policy, and the Frank Murphy Collegiate Professor of Public Policy at the Ford School. He also sits on the Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion.

According to the FDIC, this committee was established to provide the FDIC with advice and recommendations on important initiatives that focus on expanding access to banking and services by underserved populations. This includes reviewing basic retail financial services such as check cashing, money orders, remittances, stored value cards, short-term loans, savings accounts, and other services that promote asset accumulation by individuals and financial stability.

Dean Barr provides the FDIC with advice based on his extensive government experience at the U.S. Treasury Department as well as his decades of research on the financial services needs of low- and moderate-income households. His participation is informed, for example, by his work at the Treasury Department — where he helped to develop and enact the Consumer Financial Protection Bureau as part of the Dodd-Frank Act — as well as research for his textbook, “Financial Regulation: Law and Policy” (Foundation Press 2016, with Jackson and Tahyar), and by his survey work that formed the heart of “No Slack: The Financial Lives of Low-Income Americans “(Brookings Press, 2012).