This issue, Issue 22, provides updates on CFE Fund’s and partner cities’ COVID-19 response efforts.
Since the pandemic began, 31 cities and counties have launched Financial Navigators initiatives to provide phone-based financial triage and resource referrals; 35 municipal Financial Empowerment Center (FEC) partners are offering, or are working to launch, one-on-one financial counseling through FEC programs; and more than 80 Bank On coalitions are working to connect their communities to safe and affordable banking products so they can safely receive and use stimulus payments, unemployment benefits, wages, and more. This issue also features a guest column from Nick Gradisar, the Mayor of Pueblo, CO, highlighting the key role the CityStart and Financial Navigators initiatives have had in Pueblo’s emergency response.
In this August 2020 press release, the CFE Fund announced that more than 50 city and county governments across the country will expand financial counseling and financial navigation services for their local residents in need. As part of this effort, the CFE Fund is launching a new Financial Navigators initiative, which will help 31 city and county governments newly offer their residents one-on-one remote sessions to help navigate the financial impact of COVID-19 through access to local, state, and federal resources. In addition, the CFE Fund announced an expansion of its Financial Empowerment Center (FEC) initiative, which offers professional, data-driven one-on-one financial counseling as a public service, funding additional FEC counselors and pivoting its national FEC infrastructure to accommodate remote services. This work is supported by Bloomberg Philanthropies, the Citi Foundation, JPMorgan Chase & Co., and the Wells Fargo Foundation.