Eugene A. Ludwig Quotes

Microcredit has shown how you can reach out to people that conventional banking cannot. It has demonstrated that it's a doable proposition.

No one can say that democratizing financial services is bad. It is good for communities, countries, the global economy, and educational progress.

Technologies, including cell phones, have the potential to help millions of poor people out of poverty by enabling access to a range of safe, affordable financial services - most importantly, savings accounts - that have long been out of reach.

In Mexico, a network of government-operated rural convenience stores is offering banking services to rural communities.

Imagine if the pension funds and endowments that own much of the equity in our financial services companies demanded that those companies revisit the way mortgages were marketed to those without adequate skills to understand the products they were being sold. Management would have to change the way things were done.

Financial inclusion matters not only because it promotes growth, but because it helps ensure prosperity is widely shared. Access to financial services plays a critical role in lifting people out of poverty, in empowering women, and in helping governments deliver services to their people.

It is certainly for the public good to keep all the banks competitors for our favors by a judicious distribution of them and thus to engage the individuals who belong to them in support of the reformed order of things or at least in an acquiescence under it.

Let me talk about what the banks are doing, and I think the banks have been working to make sure that, as much as possible, we move the currency to the smaller areas and to as many set of customers as possible.

Regulatory reform must move beyond limiting the damage that the financial sector can do and ensure that the sector genuinely serves society.

Investing for the poor requires participation from the entire community.

Managing and moving your money should be a right, not a privilege. This isn't about banking the unbanked. It's about re-imagining what consumer retail banking can be.

At Coinbase, our mission is to create an open financial system for the world. We believe that open protocols for money will create more innovation, economic freedom, and equality of opportunity in the world, just like the Internet did for publishing information.

Community banks are a crucial part of our economy and the fabric of our society.

I think it's right not to 'give' but to create opportunities and invest a percentage into those communities that you come from.

We're trying to democratise financial services, to ensure that management and movement of money is a right for all citizens, not the privilege of the affluent.

We believe digital payments are making financial services more universally affordable, accessible and, therefore, have the opportunity to drive financial inclusion and financial health for billions worldwide.

I don't think that the financial services industry and that banking in particular are any different than any other part of the economy, any other industry outside banking.

A lot of financial technology is foolhardy. Saying, 'We're going to kill banks. We're going to disrupt everything,' ignores some realities.

My job at the CFPB, as President Obama told me when he interviewed me, was to stand on the side of people in the financial marketplace and see that they were treated fairly.

Global banking’s current structure generates an unjust distribution of risks, where losses are socialized.

We have solid financial institutions, but they lent very little. So with the financial reform, we wanted to push them to lend more and to encourage the development bank to create instruments for lending mainly for micro and medium-sized companies.

Banning cash transactions over R3 lakh will allow banks to diversify their banking activities into new areas and not mundane ones.

In order to ensure long-term investment, it is important to make infrastructure as transparent and as bankable as possible - should be a win-win for all.

The financial sector is vital to the economy. A well-functioning financial sector promotes job creation, innovation, and inclusive economic growth.

If we want to be the banker to every Indian as we want to be, then we will have to use technology.