Sometimes small, unnoticed bits of legislation can pave the way for dramatic and far-reaching changes in our society. That may well have happened in April, when Congress amended an obscure law known as the Federal Financial Management Act of 1994.

This new law will soon result in millions of Americans being brought into the banking system for the first time, and it will change dramatically the way in which they handle their money.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.