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CFE Fund Comment Letter on Community Reinvestment Act Reform

The CFE Fund recently submitted a comment letter to the Federal Reserve Board, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) on their proposal to amend the regulations implementing the Community Reinvestment Act (CRA).

The Citi Foundation and CFE Fund Launch Ninth Year of Summer Jobs Connect

This press release announces an additional $3.5 million in support from the Citi Foundation to provide more than 145,000 low-income youth with summer jobs and access to financial education as part of Summer Jobs Connect in 2022; the Summer Jobs Connect initiative is also supported by The Skillman Foundation and the PNC Foundation.

Three Cities to Kickstart Financial Empowerment, Racial Wealth Equity Efforts Through CityStart

In this May 2022 press release, the CFE Fund announced that three new cities have been chosen to join the next CityStart cohort, with a new focus on racial wealth equity.

The Supervitamin Quarterly Newsletter, Issue 25

This issue, Issue 25, provides updates on the CFE Fund’s and partner cities’ financial empowerment efforts, including an announcement that the Bank On movement has certified more than 200 bank and credit union accounts, with partner financial institutions comprising 56% of the U.S.

CFE Fund Announces the Launch of Small Business Boost Initiative

In this March 2022 press release, the CFE Fund announced the selection of five local governments to offer small business owners and entrepreneurs one-on-one Financial Empowerment Center (FEC) financial counseling.

CFE Fund Announces New $19M Commitment from Bloomberg Philanthropies

In this November 2021 press release, the CFE Fund announced its latest partnership with Bloomberg Philanthropies that will greatly expand local government-led financial stability efforts across the country over the next three years.

The Supervitamin Quarterly Newsletter, Issue 24

This issue, Issue 24, provides updates on the CFE Fund’s and partner cities’ financial empowerment efforts, including an announcement of a new partnership with Bloomberg Philanthropies to help grow the municipal financial empowerment field. 

The Supervitamin Quarterly Newsletter, Issue 23

This issue, Issue 23, provides updates on the CFE Fund’s and partner cities’ financial empowerment efforts, including those related to COVID-19 recovery.  In advance of the newly expanded federal Child Tax Credit monthly payments, the CFE Fund and Bank On coalitions are highlighting the availability of safe and affordable Bank On certified accounts; the CFE Fund recently announced that there are over 100 accounts certified as meeting the Bank On National Account Standards.

CFE Fund Announces More Than 100 Bank On Certified Accounts

In this press release, the CFE Fund announced that there are now more than 100 bank and credit union accounts nationally certified as meeting the Bank On National Account Standards.

CFE Fund and Wells Fargo Announce Third Cohort of Bank On Fellowship

This press release announced a $1 million grant from the Wells Fargo Foundation to increase the size of the Bank On Fellowship Program, which funds a full-time Bank On coalition leader for two years to focus solely on improving banking access for residents.