With support from the W.K. Kellogg Foundation, the CFE Fund seeks to identify mayoral or county administrations interested in partnering to build out a consumer financial protection division within their local government, working to create a fairer consumer financial marketplace. During this exploratory phase, the CFE Fund requests an initial Letter of Interest from interested mayoral or county administrations and will then identify 3-5 partners with whom to work to further develop this opportunity for a subsequent implementation phase. Read FAQs about the project here; apply through our online grant portal.
The CFE Fund sought applications from mayors interested in implementing the evidence-based Financial Empowerment Center model that was developed in New York City and is now being replicated in other cities through the CFE Fund. Selected cities and their partners received robust technical assistance and capacity building resources valued from $75,000 to $100,000 at no cost. Selected cities did not receive direct grant funding from the CFE Fund, but rather, needed to identify other public or private funding sources to cover program operations.
The CFE Fund issued a call for essay abstracts related to the importance of a professional approach to the field of low income financial counseling and coaching in an attempt to document stakeholders’ current thinking, their priorities, and their progress towards professionalizing this field. Submissions were included in a journal published in conjunction with a national conference on professionalizing the field held in New York City in 2016.