In this October 2025 press release, the CFE Fund announced the launch of free legacy planning services as a core component of the national Financial Empowerment Center (FEC) model.
To ensure strong financial futures for residents, local governments increasingly are using their unique
powers to protect consumers from scams, fraud, and financial abuse. Two municipalities offering
notable consumer protection models are Cuyahoga County, OH—who launched a “Scam Squad”
to combat financial scams—and Denver, CO, who passed an innovative wage theft ordinance and
launched an accompanying complaint hotline to support enforcement.
The CFE Fund recently submitted a letter to the Federal Deposit Insurance Corporation in response to their request for comment on the proposed rulemaking rescinding the 2023 Community Reinvestment Act Final Rule (CRA).
By connecting riders to Bank On certified accounts, two local transit agencies used the shift to contactless payment to help bring riders into the financial mainstream.
In this June 2025 press release, the CFE Fund announced that six new cities have been chosen to join the next CityStart cohort. The CityStart initiative helps local leaders develop and implement proven strategies to help local families and communities become more financially stable.
In this March 2025 press release, the CFE Fund accounced the selection of seven local governments to offer small business owners and entrepreneurs one-on-one Financial Empowerment Center (FEC) financial counseling through the CFE’s Small Business Boost (SBB) initiative.
The CFE Fund recently submitted a letter to the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Federal Reserve Board in response to their request for information about Bank-FinTech partnerships.
By connecting financial empowerment to rental assistance programs, two cities supercharged social service success and brought together a range of partners to build a cohesive ecosystem around longer-term financial stability.
The CFE Fund has spent more than a decade supporting and enhancing financial counseling as a public service, resulting in a sustainable, proven program model that works in a range of local contexts.