Regulatory requirements to verify a customer’s identity have posed notable barriers to banking for those who may not have traditional government-issued IDs. But local government leaders and community organizations around...
The CFE Fund has a number of funding opportunities to support banking access efforts, including the Bank On Capacity Grant: Capacity Grant: The CFE Fund’s Bank On Capacity Grant aims...
This American Banker article highlights the Bank On National Account Standards launch, and financial institution and regulatory support, in San Francisco....
...with the CFE Fund to launch free, high-quality one-on-one financial counseling for low-income residents, thanks to generous support from Bloomberg Philanthropies as part of its American Cities Initiative. To learn...
...a COVID-19 consumer awareness campaign and then plan for broader consumer financial protection capabilities within the city. This issue also features a guest column from the American Bankers Association (ABA)...
...Financial Empowerment Centers (FECs), which provide professional, one-on-one financial counseling as a public service. Local leaders were able to offer FEC financial counseling as a critical component of their emergency...
This issue, Issue 7, provides a number of Bank On updates, including the launch of the Bank On National Account Standards, the announcement of the Bank On Capacity Grant Fund,...
...the short-term lending market that trap them in cycles of debt, and offers a number of recommendations. These include: the proposed full payment test should include standardized, transparent methods for...
...critical to local governments as they allocate limited resources, are accountable to residents for quality services, and seek program sustainability across administration changes. Based on programmatic experience from the Financial...
...empowerment programming efforts. This brief details why municipal leaders have invested in this critical work, outlines the work of OFEs, and highlights how a number of cities launched their OFEs....