...Security Numbers when opening a bank or credit union account. Drawing from our Bank On experience, our letter highlighted the barriers faced by consumers from marginalized communities from the current...
...moderate-income customers rely on full service bank branches, and highlights that cost and range of services, information about account availability, public awareness and customer support are all critical factors. The...
...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...
...over the phone to help people strategize around supports for disruptions to their income and other financial concerns. They helped residents triage financial issues, identify immediate action steps, and make...
...phone-based financial triage and resource referrals; 35 municipal Financial Empowerment Center (FEC) partners are offering, or are working to launch, one-on-one financial counseling through FEC programs; and more than 80...
Regulatory requirements to verify a customer’s identity have posed notable barriers to banking for those who may not have traditional government-issued IDs. But local government leaders and community organizations around...
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...
This issue, Issue 7, provides a number of Bank On updates, including the launch of the Bank On National Account Standards, the announcement of the Bank On Capacity Grant Fund,...
...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...