This Governing article looks at the impact of the Financial Empowerment Center initiative, and its unique connection to local government and focus on outcomes....
...GA; Aurora, IL; Baltimore, MD; the County of Hawai’i, HI; Erie, PA; Polk County, IA; Roanoke, VA; Rochester, NY; and Washington, DC) will work to launch free, professional one-on-one financial...
...with the CFE Fund to launch free, high-quality one-on-one financial counseling for low-income residents, thanks to generous support from Bloomberg Philanthropies as part of its American Cities Initiative. To learn...
This March 2018 press release announces a $1 million investment from Wells Fargo in the CFE Fund’s replication of its proven Financial Empowerment Center (FEC) model in 12 cities under...
...Bank On certified accounts were opened in 2019. With the certification of BMO Harris’ Smart Money™ Account, BOM Bank’s EZ Checking account, Rio Grande Credit Union’s Fresh Start Checking, US...
...Plan Act (ARPA). The Financial Empowerment Center Model Financial Empowerment Center clients receive free, one-on-one professional counseling assistance with money management, budgeting, reducing debt, establishing and improving credit, connecting to...
...allowable bill pay functionality: standard-meeting transaction accounts must either offer internal bill pay or instead provide consumers access to at least four free money orders or bank checks per month....
...competitive application process. They join 30 other local governments that have already launched, or are working to launch, FEC services that have already served 116,000 clients, helping them to reduce...
This issue of the Skyline (link) spotlights efforts in Illinois and Maryland to expand banking access by promoting and incentivizing direct deposits into safe bank and credit union accounts for...
...Fund and Bloomberg Philanthropies announce the opening of five new Financial Empowerment Center programs to provide free, personalized, and professional financial counseling to residents of Denver, CO; Lansing, MI; Nashville,...