Overview
The CFE Fund recently submitted a comment letter to the National Association of State Workforce Agencies (NASWA) in response to their request for information on the Open Unemployment Insurance Initiative. Citing evidence from a range of CFE Fund work—including the success of our national Bank On initiative in assisting the Internal Revenue Service connect stimulus recipients to banking for direct deposit and our partnerships with the State of Illinois’s Department of Employment Security and the State of Maryland’s Division of Unemployment Insurance, incorporating access to safe and affordable banking accounts into the benefits application processes—the letter highlighted the importance of leveraging government payment systems to promote safe banking access.