Over 50 Cities and Counties Offering Financial Counseling or Navigation Services To Build Resident Financial Stability During COVID-19

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.