Overview

Key Takeaway

The 2017 Bank On Conference convened stakeholders from local Bank On coalitions, city governments, financial institutions, federal regulators, nonprofit organizations, philanthropic partners, consumer advocates, and more.

The CFE Fund’s 2017 National Bank On Conference brought together key stakeholders from multiple sectors across the country.

Keynote addresses were delivered by Federal Deposit Insurance Corporation Chairman Martin J. Gruenberg and Office of the Comptroller of the Currency Senior Deputy Comptroller for Compliance and Community Affairs Grovetta Gardineer.

During the conference, the CFE Fund leaders revealed the growing list of financial institutions across the country offering safe and affordable transaction accounts certified as meeting Bank On National Account Standards; unveiled a national Bank On data portal into which financial institutions with certified accounts could report basic information underscoring the vitality of the accounts; and highlighted resources to help local Bank On coalitions better connect residents to safe, affordable mainstream banking products, including a coalition Playbook, coalition capacity grants, and a new national Fellowship opportunity.

Other discussion topics included innovations in safe and affordable financial products; strategies for banking access connectivity; and reflections on coalition banking access success strategies.

Additional Takeaways

Nine financial institution products are now certified as meeting Bank On National Account Standards, available in over 24,000 branches in 49 states and Washington, DC.

The CFE Fund unveiled a national Bank On data portal into which financial institutions with certified accounts can report basic information.

The CFE Fund also announced the release of new Bank On resources, including an updated Bank On website and new Bank On Coalition Playbook chapters.

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