Announced by former New York City Mayor Michael R. Bloomberg, former Consumer Financial Protection Bureau Director Richard Cordray, and NYC Department of Consumer Affairs (DCA) then-Commissioner Jonathan Mintz, the CFE Fund was tapped to help local governments across the country develop and enhance their capacity to offer their residents consumer financial protection and empowerment. Local consumer protection agencies can augment financial empowerment gains by protecting consumer assets through licensing, regulation, enforcement, mediation, and outreach and education.

With generous seed funding from the W.K. Kellogg Foundation, and support from the Annie E. Casey 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. The CFE Fund is working with 4 municipal partners to further develop this opportunity for a subsequent implementation phase. Please contact Kant Desai, Principal, with any questions or to learn more.


Related Impacts