Cities for Financial Empowerment Fund
The CFE Fund helps mayors with strategies developed for cities … by cities.
The CFE Fund invites financial institutions with products they believe meet Bank On National Account Standards (2019 – 2020) to apply for validation, and invites local Bank On coalitions to connect financial institutions with whom they are considering partnering in their communities to do so.
Once verified by the CFE Fund’s third party evaluator, the National Consumer Law Center, as 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; and opportunities to partner with local Bank On coalitions in their footprint and other national Bank On stakeholders.
Account verification is free — please apply online here. Read Frequently Asked Questions, and their answers, about the process here.