...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...
Financial Empowerment Center (FEC) clients receive free, one-on-one professional counseling assistance with money management, budgeting, reducing debt, establishing and improving credit, connecting to safe and affordable banking services, building savings,...
...same time vulnerable communities have long been targets of fraudulent, predatory financial products and services. Just as local governments play an increasingly meaningful role in financially empowering their residents, they...
...Centers (FECs) offer professional, one-on-one financial counseling as a free public service. The evaluation draws on data from 22,000 clients who participated in 57,000 counseling sessions across these first 5...
...Antonio, TX). Financial Empowerment Centers (FECs) offer professional, one-on-one financial counseling as a free public service. The evaluation draws on data from 22,000 clients who participated in 57,000 counseling sessions...
...Fund’s new FEC Public platform. Twelve local governments (Akron, OH; Detroit, MI; Greenville County, SC; Houston, TX; Miami, FL; New Haven, CT; Pittsburgh, PA; Sacramento, CA; San Francisco, CA; Memphis,...
This March 2018 press release announces a $1 million investment from Wells Fargo in the CFE Fund’s replication of its proven Financial Empowerment Center (FEC) model in 12 cities under...
This press release announced a $1 million grant from the Wells Fargo Foundation to double the size of the Bank On Fellowship Program, which funds a full-time Bank On coalition...
...counseling as a free public service for residents in need. The CFE Fund, with support from Bloomberg Philanthropies, Wells Fargo, The JPB Foundation, JPMorgan Chase, and Capital One, is working...