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Financial Empowerment Center Evaluation Webinars

  An Evaluation of Financial Empowerment Centers: Building People’s Financial Stability As a Public Service This webinar highlights key findings and lessons learned from the three-year evaluation that draws on data from 22,000 clients who participated in 57,000 counseling sessions across 5 cities.

Growing Banking Access Movement Stakeholders Gather in Washington, DC

The CFE Fund’s 2017 National Bank On Conference brought together key stakeholders from multiple sectors across the country. Keynote addresses were delivered by Federal Deposit Insurance Corporation Chairman Martin J.

Bank On Listserv

The CFE Fund’s Bank On Listserv is an online community for Bank On coalition members, financial institutions, academics, and other stakeholders interested in banking access efforts.

Wells Fargo and The CFE Fund Announce New Fellowship Program for Bank On Coalitions

In this April 2017 press release, the CFE Fund announced the Bank On Fellowship Program, generously funded by Wells Fargo. Through the program, the CFE Fund will provide match funding up to $45,000 per year for two years to as many as five Bank On coalitions to support a full-time Fellow to lead coalition’s activities.

Supervitamin Quarterly, Issue 10

This issue, Issue 10, includes updates on the Bank On initiative; a sneak peek of findings from the upcoming Financial Empowerment Center evaluation; and updates on the Summer Jobs Connect initiative.

Citi Foundation and CFE Fund Increase 2017 Summer Job Opportunities through Summer Jobs Connect

This March 2017 press release details the Citi Foundation’s ongoing support; their $5 million investment will provide more than 2,400 low-income youth with summer jobs and access to financial education as part of Summer Jobs Connect in 2017.

The CFE Fund Launches Updated Bank On National Account Standards (2017-2018), New Account Certification Process, and Local Coalition Playbook

This January 2017 press release announces a suite of new Bank On resources: Bank On National Account Standards, updated for 2017-2018; a free online Bank On account validation and certification process; and the opening chapters of the Bank On Coalition Playbook, a new resource to help equip local coalitions for banking access success.

Bank On National Account Standards (2017- 2018)

The updated Bank On National Account Standards, identify critical product features for appropriate bank or credit union accounts. Core account features include low costs, no overdraft fees, robust transaction capabilities such as a debit or prepaid card, and online bill pay.

Bank On Guiding Principles

The CFE Fund leads a national movement that supports local Bank On coalition efforts to expand banking access for consumers outside the financial mainstream, including through municipal infrastructure.

Bank On Account Validation

The CFE Fund invites financial institutions with products they believe meet Bank On National Account Standards (2019 – 2020) to apply for validation, and invites local Bank On coalitions to connect financial institutions with whom they are considering partnering in their communities to do so.