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Press Release
June 29, 2021

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.
Press Release
March 29, 2021

Five New Cities Chosen to Develop Free Financial Counseling

In this March 2021 press release, the CFE Fund, with support from seed funder Bloomberg Philanthropies, as well as Capital One, the Citi Foundation, The JPB Foundation, JPMorgan Chase & Co.,
Letter
February 17, 2021

CFE Fund Comment Letter on Community Reinvestment Act Modernization

The CFE Fund recently submitted a comment letter to the Federal Reserve Board on Community Reinvestment Act (CRA) modernization. Citing experiences from the Bank On movement, as well as the FECPublic initiative, the CFE Fund recommended that the CRA examination process should credit financial institutions’ provision of safe and affordable banking accounts and support for meaningful financial inclusion efforts.
Newsletter
February 17, 2021

The Supervitamin Quarterly Newsletter, Issue 22

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.
News
January 27, 2021

Bank On National Account Standards (2021-2022)

The updated Bank On National Account Standards identify critical product features for bank or credit union accounts appropriate to those currently outside of the mainstream banking system.
Newsletter
November 10, 2020

The Supervitamin Quarterly Newsletter, Issue 21

This issue, Issue 21, details how the CFE Fund and our city partners continued to respond to COVID-19. Financial Empowerment Center initiative partners received CFE Fund support to meet increased demand due to the COVID-19 pandemic; the CFE Fund continued building out its newest program, the Financial Navigator initiative, to help cities provide remote financial triage and referrals; and the CFE Fund released the 2021-2022 Bank On National Account Standards.
Video
November 10, 2020

Video: Summer Jobs Connect – COVID-19 Didn’t Stop SYEPs

Each year, over 110,000 young people work summer jobs and are supported through financial education, banking access, and other financial empowerment resources as part of the CFE Fund’s national Summer Jobs Connect (SJC) initiative, supported by the Citi Foundation. 
Press Release
August 12, 2020

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.
Report
August 12, 2020

Meeting the Emergency Moment: Key Takeaways from Delivering Remote Municipal Financial Counseling Services

Local governments across the country are working to help their residents weather the health and financial impacts of the COVID-19 pandemic. In many cities and counties, that means deploying their Financial Empowerment Centers (FECs), which provide professional, one-on-one financial counseling as a public service.
Report
July 29, 2020

Navigating From a Good Idea to Public Financial Empowerment Commitments: An Outline of the CityStart Process

This brief, Navigating From a Good Idea to Public Financial Empowerment Commitments, outlines the experiences of the past two CityStart cohorts in moving from general interest in financial empowerment to concrete commitments to municipally-led efforts.