...Federal Deposit Insurance Corporation’s (FDIC’s) National Survey of Unbanked and Underbanked Households is useful and necessary, especially to inform Bank On programming and aligned financial products. The Coalition highlights specific...
...the 2019-2020 Standards include allowing paper statement fees that cannot exceed $2 per month, reflecting both costs experienced by financial institution partners and the strong online functionality of certified accounts....
...ultimately craft a blueprint that is rooted in local insights and opportunities – all with a deliberate racial wealth equity lens. This two-phase action engagement connects critical insights about the...
...either program, please contact Sol Vilera Ramos, Manager. The Financial Navigators initiative helped residents deal with the financial impact of the COVID-19 pandemic, providing remote assistance in navigating critical...
...ensure that emergency response protocols incorporate critical personal finance preparedness and response. To learn more about the CFE Fund’s new Emergency Financial Empowerment (EFE) initiative, contact Sol Vilera Ramos, Manager....
...to develop and publicly launch an actionable blueprint outlining local financial empowerment strategies (e.g., financial education and counseling, asset building, access to banking, and consumer financial protection) and opportunities for...
Bank On coalitions are locally-led partnerships between local public officials; city, state, and federal government agencies; financial institutions; and community organizations that work together to help improve the financial stability...
...local government, working to create a fairer consumer financial marketplace. During this exploratory phase, the CFE Fund requests an initial Letter of Interest from interested mayoral or county administrations and...
...such as a debit or prepaid card, and online bill pay. Notable changes in the 2017-2018 Standards include expanded allowable bill pay functionality: standard-meeting transaction accounts must either offer internal...
...meeting Bank On Standards, financial institutions will receive a Bank On seal of approval for marketing and outreach purposes; national recognition highlighting the safety, affordability, and functionality of the account;...