...affordable financial services. 25 Summer Jobs Connect city partners have built these financial empowerment strategies into the infrastructure of their Summer Youth Employment Programs. The CFE Fund also launched a...
...and financial education to Summer Youth Employment Programs (SYEPs). Citi Foundation, the program’s seed funder, provided an additional $800,000 in support of the Summer Jobs Connect initiative’s tenth year; additionally,...
...either program, please contact Sol Vilera Ramos, Manager. The Financial Navigators initiative helped residents deal with the financial impact of the COVID-19 pandemic, providing remote assistance in navigating critical...
...phone-based financial triage and resource referrals; 35 municipal Financial Empowerment Center (FEC) partners are offering, or are working to launch, one-on-one financial counseling through FEC programs; and more than 80...
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...
...the addition of CRA-based incentives for municipal financial empowerment services, such as for financial institutions that partner with municipalities to offer Bank On appropriate accounts, support children’s savings strategies, and...
...and updates on critical support from Bank On partners, both regulators and financial institution. The issue also includes a new report, jointly authored by the CFE Fund and the National...
...ratio as an alternative to the full payment test to enable financial institutions to offer lower-cost, sustainable installment loans; lenders should be required to meet a clearly defined maximum annual...
...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...
Across the country, many local leaders have launched Offices of Financial Empowerment (OFEs) or similar municipal offices that serve as a home for financial empowerment programming efforts. This brief details...