The Cities for Financial Empowerment Fund’s mission is to leverage municipal engagement to improve the financial stability of low and moderate income households by embedding financial empowerment strategies into local government infrastructure. The Fund works with mayoral administrations and those interested in supporting them to actually implement innovative programs and policies -- and measures its success accordingly.
New Summer Jobs Connect Report Series
The CFE Fund, with support from the Citi Foundation, released a compendium of three reports detailing our city partners’ strategies to provide banking access and targeted financial education in their summer youth employment programs, and how they are working to sustainably embed these efforts.
NATIONAL FINANCIAL EMPOWERMENT CENTER INITIATIVE
The CFE Fund announced a new Request for Proposals to assist a third cohort of cities with in-kind technical assistance to launch Financial Empowerment Centers.This effort is part of our $16.2 million initiative, in partnership with Bloomberg Philanthropies, to replicate the model, currently in nine cities across the country.
NEXT GENERATION MUNICIPAL FINANCIAL EMPOWERMENT AWARDS
The CFE Fund’s Next Generation Municipal Financial Empowerment Awards, supported by Capital One, will provide funding and technical assistance to five new mayors to launch local financial empowerment initiatives in their cities. Read the press release here.
Account Screening Consumer Reporting Agencies: A Banking Access Perspective
The CFE Fund and the National Consumer Law Center released a report on consumer reporting agencies and the significant - and deeply flawed - role they play denying millions of people access to mainstream banking.