The CFE Fund recently submitted a comment letter to the Board of Governors of the Federal Reserve System regarding their proposal to update the maximum interchange fees that can be...
...estimating basic living expenses; access to covered short-term loans should be limited to four per 12 month period under the alternative requirements; the CFPB should implement a reasonable maximum payment-to-income...
...to use the tool; and urges caution as the FDIC explores moving towards online survey responses, given some un/underbanked and low-income consumers’ reluctance to submit personal information via online platforms....
...include low costs, no overdraft fees, robust transaction capabilities such as a debit or prepaid card, and online bill pay. Notable changes in the 2019-2020 Standards include allowing paper statement...
...Reinvestment Act of 1977 (CRA). This letter focused on the CFE Coalition’s support for modernizing the CRA to meet the changing needs of member banks, while preserving the original intent...
...study combines original qualitative research with a unique analysis of administrative data to explore sustainable homeownership outcomes experienced by clients participating in FEC financial counseling, the factors that influence those...
...Coalition recommends amending the limits to MLA applicability based on loan term, maximum loan amount and loan structure for payday lenders and vehicle title lenders; subjecting direct deposit advance loans...
...Consumer Law Center, on the effect of account screening consumer reporting agencies on banking access; a series of briefs from the Summer Jobs Connect initiative; an update on the work...
...taken to integrate financial empowerment into core social services, to support the formerly incarcerated reentering the community, and to achieve the “Supervitamin Effect” to boost programmatic outcomes. ...
...city partners have taken to integrate financial empowerment into core social services, to support the formerly incarcerated reentering the community, and to achieve the “Supervitamin Effect” to boost programmatic outcomes....