...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...
...Retail Services and Products Test 1) evaluates all large banks for the responsiveness of their deposit products; 2) enables “intermediate” sized banks to elect the Retail Services and Product Test;...
...as part of Summer Jobs Connect in 2017. Since launching in 2014, the Citi Foundation has invested over $13 million in this initiative, which has provided nearly 6,200 low-income youth...
...FEC financial counseling to small business owners and entrepreneurs; shares updates from the Financial Navigators initiative; and details a new expansion of the CityStart initiative to incorporate a racial equity...
...designated account, and maintained the deposit for a year, received a 50% savings match up to $500. SaveUSA was designed to test if the tax time moment, when tax filers...
...of activities that could receive consideration during the examination process, maintaining and strengthening the service test and ensuring that any proposed evaluation methodology does not undermine the value and incentive...
...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...
This Executive Summary highlights key findings from a three-year evaluation of the Financial Empowerment Center initiative’s replication in 5 cities (Denver, CO; Lansing, MI; Nashville, TN; Philadelphia, PA and San...
...with the CFE Fund to launch free, 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...