...for a new Retail Services and Products Test that would evaluate a bank’s branch availability, delivery systems, and the responsiveness of their products to the needs of low- and moderate-income...
...invest in or support integrated financial counseling and coaching services. The Coalition urges that any consideration of alternative product delivery system be balanced by the fact that many low and...
The updated Bank On National Account Standards identify critical product features for bank or credit union accounts appropriate to those currently outside of the mainstream banking system. Core account features...
...the full payment test or approved alternatives; and lenders should be required to contribute a percentage of revenue from all covered loans to a fund that supports nonprofit financial counseling....
...in these Standards. To facilitate counselor trainings, the CFE Fund has approved national and regional training providers’ courses that align with the Standards; additionally, the CFE Fund encourages local training...
Local governments across the country are working to help their residents weather the health and financial impacts of the COVID-19 pandemic. In many cities and counties, that means deploying their...
...critical personal finance preparedness and response. The CFE Fund is currently accepting applications for the next Emergency Financial Empowerment cohort. Building off lessons learned from the first cohort, this chapter...
The updated Bank On National Account Standards, identify critical product features for appropriate bank or credit union accounts. Core account features include low costs, no overdraft fees, robust transaction capabilities...
...as a debit or prepaid card, and online bill pay. Notable changes in the 2021-2022 Standards include disallowing activation and early closure fees while promoting greater access to out-of-network ATMs....
...components of the FEC model. Partnerships both facilitate the counseling delivery and ensure a flow of financial counseling clients referred through a diverse range of municipal and community partnerships. The...