...to use the tool; and urges caution as the FDIC explores moving towards online survey responses, given some un/underbanked and low-income consumers’ reluctance to submit personal information via online platforms....
...include low costs, no overdraft fees, robust transaction capabilities such as a debit or prepaid card, and online bill pay. Notable changes in the 2019-2020 Standards include allowing paper statement...
...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...
...as part of Summer Jobs Connect in 2017. Since launching in 2014, the Citi Foundation has invested over $13 million in this initiative, which has provided nearly 6,200 low-income youth...
This press release announces that over 82,000 people have reduced a total of $100 million in debt through municipal Financial Empowerment Centers (FECs). The Financial Empowerment Center initiative provides high-quality,...
...are over 100 accounts certified as meeting the Bank On National Account Standards. Additionally, the Summer Jobs Connect initiative has launched its eighth summer, and the CFE Fund recently selected...
...next three years. With nearly $19 million in new support, the CFE Fund will replicate its proven Financial Empowerment Center (FEC) model – which helps low- and middle-income residents decrease...
...efforts. OFE Leaders also will be well-positioned to bring financial empowerment services and expertise into local racial equity efforts. If you have any questions, please contact Kant Desai, Senior Principal....
...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. financial system with safe, low-cost banking accounts....
...2024. The CFE Fund announced an online Bank On account validation and certification process; banks and credit unions across the country, at no cost, can submit for validation products they...