Wells Fargo and CFE Fund Expand Access to Free Financial Counseling

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 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 2008, FEC counseling services have helped 80,000 clients reduce debt, improve credit, open safe bank accounts, and save for the future.

The CFE Fund selected twelve local governments as initial grantees of the expanded FEC program: Akron, OH; Detroit, MI; Greenville County, SC; Houston, TX; Miami, FL; New Haven, CT; Pittsburgh, PA; Sacramento, CA; San Francisco, CA; Memphis, TN; Shreveport, LA; and Syracuse, NY. The CFE Fund will select additional municipalities for future grant cohorts.

To learn more about FEC Public, visit www.fecpublic.org.