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Letter
January 12, 2024

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.
Press Release
November 15, 2023

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.
Report
September 13, 2023

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.
Report
August 8, 2023

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.
Press Release
July 10, 2023

Summer Jobs Connect to Provide Financial Education, Banking Access to Young People in 25 Cities

In this July 2023 press release, the CFE Fund announced the expansion of Summer Jobs Connect (SJC) through Summer Jobs Connect Academy, a new entry point for connecting banking access and financial education to Summer Youth Employment Programs (SYEPs).
Newsletter
June 2, 2023

The Skyline: How Two States Used Unemployment Payments to Get Residents Banked

This issue of the Skyline (link) spotlights efforts in Illinois and Maryland to expand banking access by promoting and incentivizing direct deposits into safe bank and credit union accounts for unemployment payments.
Newsletter
May 2, 2023

The Skyline: How Innovative Programs Are Helping System-Involved Youth Succeed by Getting Them Banked

This issue of the Skyline spotlights innovative ways that programs are using direct cash assistance as an opportunity to provide system-involved young people with banking access.
Press Release
April 7, 2023

Eight Cities to Build Financial Empowerment Efforts with Focus on Racial Wealth Equity

In this April 2023 press release, the CFE Fund announced that a second cohort of eight cities and counties have been chosen to join the CityStart initiative, with a specialized focus on racial wealth equity.
Letter
April 6, 2023

CFE Fund Comment Letter on Statements on FDIC Advertising Rules

The CFE Fund recently submitted a comment letter to the Federal Deposit Insurance Corporation (FDIC) on the proposed changes to the rules governing the use of their official sign and statements about deposit insurance. 
News
February 28, 2023

Bank On National Account Standards (2023-2024)

Working closely with our Bank On National Advisory Board and other key stakeholders, the CFE Fund released the Bank On National Account Standards. These standards provide local programs with a benchmark for account partnerships with financial institutions, and include both core and recommended features.