...the short-term lending market that trap them in cycles of debt, and offers a number of recommendations. These include: the proposed full payment test should include standardized, transparent methods for...
...referrals to other services. Assistance included managing expenses through prioritizing payments and when to make them, as well as maximizing income through ensuring receipt of federal payments, unemployment benefits, and...
...of real-time payment and settlement systems as one of the top barriers discouraging people from connecting into the stability of the financial mainstream, and urges a real time payment system....
...suspended until the first paycheck); no monthly fees; and noncustodial accounts, accounts that are available for youth under 18 without requiring an adult “custodian” to cosign or guarantee the account....
...Tax Credit monthly payments, the CFE Fund and Bank On coalitions are highlighting the availability of safe and affordable Bank On certified accounts; the CFE Fund recently announced that there...
...Bank On coalitions are working to connect their communities to safe and affordable banking products so they can safely receive and use stimulus payments, unemployment benefits, wages, and more. This...
...has invested over $40 million in this initiative, which has provided 16,500 young people with summer jobs and over 800,000 low-income youth with access to financial education and safe and...
In this July 2023 press release, the CFE Fund announced the expansion of Summer Jobs Connect (SJC) through Summer Jobs Connect Academy, a new entry point for connecting banking access...
...account for managing your money remotely, including to receive wages and government benefits securely through direct deposit and make payments remotely. Engaging Unbanked People About Safe Banking Accounts, Particularly During...
The CFE Fund has a number of funding opportunities to support banking access efforts, including the Bank On Capacity Grant: Capacity Grant: The CFE Fund’s Bank On Capacity Grant aims...