Bank On Account Validation
The CFE Fund invites financial institutions with products they believe meet Bank On National Account Standards (2019 – 2020) to apply for validation, and invites local Bank On coalitions to...
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Over Two Dozen Bank and Credit Union Accounts Certified as Meeting Newly Updated Bank On National Account Standards
This press release announces that 28 banks and credit unions with over 21,300 branches now offer accounts meeting Bank On National Account Standards, newly updated for 2019-2020. Low-cost, low-fee, no-overdraft...
Supervitamin Quarterly, Issue 16
This issue, Issue 16, includes registration for the 2019 Bank On National Conference, exciting program updates for the CFE Fund’s Financial Empowerment Center (FEC) replication, CityStart, and Local Consumer Financial...
National Banking Access Movement Convenes Stakeholders in Washington, DC
The CFE Fund’s 2019 Bank On National Conference in Washington, DC brought together key stakeholders from multiple sectors across the country: local Bank On coalition program leads and their community...
The Citi Foundation and CFE Fund launch the sixth year of Summer Jobs Connect
...part of Summer Jobs Connect in 2019. Since launching in 2014, the Citi Foundation has invested over $28 million in this initiative, which has provided 13,535 young people with summer...
CFE Fund Comment Letter to CFPB on Overdraft Rule
The CFE Fund submitted this 2019 comment letter to the Consumer Financial Protection Bureau (CFPB) in response to the Bureau’s request for feedback on review of the Overdraft Rule. Based...
CFE Fund Announces More Than 100 Bank On Certified Accounts
...Bank On certified accounts were opened in 2019. With the certification of BMO Harris’ Smart Money™ Account, BOM Bank’s EZ Checking account, Rio Grande Credit Union’s Fresh Start Checking, US...
CFE Coalition Comment Letter on the Community Reinvestment Act
...Interagency Questions and Answers Regarding Community Reinvestment. The Coalition recommends a number of factors that the Community Reinvestment Act (CRA) examination process should take into account. First, the Coalition encourages...
Supervitamin Quarterly, Issue 7
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,...
CFE Coalition CFPB Comment Letter on Payday Loans
...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...