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CFE Fund Comment Letter to Treasury on Financial Institution Customer Identification Requirements

The CFE Fund recently submitted a letter to FinCen at the U.S. Department of Treasury in response to their request for information about updating the process of requiring full Social Security Numbers when opening a bank or credit union account.

Five U.S. Cities Selected to Create Local Wealth Building Strategies Addressing Racial Wealth Equity

In this April 2024 press release, the CFE Fund announced that a third cohort of five cities have been selected to join the CityStart initiative. The initiative helps local leaders develop and implement proven strategies to support local families and communities in building financial stability, with a specialized focus on racial wealth equity.

CFE Fund Comment Letter to Consumer Financial Protection Bureau on Overdraft Lending Regulations

The CFE Fund recently submitted a comment letter to the Consumer Financial Protection Bureau (CFPB) in response to a Request for Comment on the CFPB’s proposal to update regulations that govern overdraft lending services.

CFE Fund Comment Letter to Treasury on Financial Inclusion Strategy

The CFE Fund recently submitted a comment letter to the U.S. Department of Treasury Office of Consumer Policy in response to a Request for Information on developing a national strategy for financial inclusion.

The Skyline: How Three Cities Expanded Banking Access to Residents with Alternative IDs

Regulatory requirements to verify a customer’s identity have posed notable barriers to banking for those who may not have traditional government-issued IDs. But local government leaders and community organizations around the country are partnering with financial institutions to flexibly connect consumers to safe banking.

CFE Fund Comment Letter on HUD Eviction Proposal

The CFE Fund recently submitted a comment letter to the U.S. Department of Housing and Urban Development in support of the proposal to provide tenants residing in public housing or receiving housing assistance with at least 30 days‘ notice before initiating formal eviction proceedings.

CFE Fund Comment Letter on Federal Reserve Proposal to Update Maximum Interchange Fees

The CFE Fund recently submitted a comment letter to the Board of Governors of the Federal Reserve System regarding their proposal to update the maximum interchange fees that can be charged by covered debit card issuers.

CFE Fund and Wells Fargo Foundation Expand Bank On Fellowship

In this November 2023 press release, the CFE Fund announced the fourth cohort of Bank On Fellows, with funding from the Wells Fargo Foundation. The Wells Fargo Foundation’s investment will support six full-time Bank On Fellows for two years to help connect the more than 24 million people living outside of the U.S.

Boosting Sustainable Homeownership in Detroit: Adding Financial Counseling to Property Tax Relief Programs to Help Stabilize Low-Income Homeowners

Since it launched in 2020, the City of Detroit’s Financial Empowerment Center (FEC), as part of the CFE Fund’s national FEC Public initiative, has helped homeowners with low incomes avoid property tax foreclosure and stay in their homes.

Connecting Financial Capability and Small Business Supports: Findings from the Small Business Boost Pilot

The Small Business Boost pilot, with generous support from Principal Foundation, explored how FEC financial counseling can support the personal financial needs of small business owners and better position them to achieve their business goals.