Yellen unveils plan for 'financial inclusion' a week before election

Treasury Secretary Janet Yellen announced a plan Tuesday to get more people to open bank accounts if they don’t have one.

With a week left until the election, Yellen is following up with a request from Congress last year to craft a national strategy for financial inclusion, per the Financial Services and General Government Appropriations Act. Her plan involves banks and employers cooperating to encourage people to open bank accounts when they get a new job, tax refund, or a government payment.