...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 more about FEC Public, visit www.fecpublic.org. ...
...the FEC Public platform. These funds will enable the CFE Fund and its municipal partners to reach more residents with high-quality, one-on-one financial counseling as a free public service. Since...
Financial empowerment efforts best achieve high-quality scale and impact when they are integrated into, and led by, local government. Across the country, city and county leaders have turned to financial...
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,...
...Protection Bureau’s (CFPB) Notice of Proposed Rulemaking (NPRM) rescinding ability-to-repay requirements governing payday, vehicle title, and certain high-cost installment loans. The Coalition believes these underwriting provisions are crucial, and rescinding...
...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...
This interactive journal is a compilation of expert perspectives on professionalizing financial counseling, organized around the pillars of any professionalizing field—quality, consistency, accountability and community....
...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...
...prevention services, workforce development, prisoner reentry, benefits access, domestic violence prevention, and more. Learn more at www.fecpublic.org. Financial Empowerment Center Evaluation Findings In 2013, the CFE Fund awarded its first...