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 “pull triggers” -- and measures its success accordingly.
JPMORGAN CHASE FOUNDATION AND CFE FUND ANNOUNCES BANK ON 2.0
JPMorgan Chase Foundation's $1.15 million matching seed grant supports CFE Fund's Bank On 2.0—a new national approach to providing safe, affordable banking products and services to millions in need. The initiative builds on existing Bank On and other access to banking programs to integrate safe banking opportunities into municipal social service programs.
NATIONAL FINANCIAL EMPOWERMENT CENTER INITIATIVE
The CFE Fund awarded In-Kind Technical Assistance grants to seven additional cities to implement Financial Empowerment Centers. This effort will build upon the launch of last year's $16.2 million initiative, in partnership with Bloomberg Philanthropies, to replicate NYC's Financial Empowerment Centers.
CFE Fund Webinar Series
CFE's "Twelve in Twelve" Webinar Series! The CFE Innovation Center's monthly webinar series highlights successful municipal programs from each of the 12 CFE Coalition member cities. Over each month of 2013, CFE Coalition cities took turns highlighting one of their programs ... breaking down not just the program basics, but also the challenges and opportunities behind their program. Listen to any in the whole series now!
CFPB, NYC, and CFE Fund Announce Partnership
CFPB Director Richard Cordray, Mayor Michael R. Bloomberg, and Commissioner Jonathan Mintz announced a partnership with the CFE Fund to replicate local consumer financial protection capacity in cities across the nation, which was hailed as good for both local needs and robust federal enforcement. Watch announcement.
CFE Fund launch at NYSE/Euronext
CFE Co-Chairs New York City Consumer Affairs Commissioner Jonathan Mintz and San Francisco Treasurer José Cisneros joined the New York Stock Exchange in celebrating NYSE/Euronext's 2012 Financial Literacy Week (April 9-13) and rang the opening bell to mark the launch of the launch of the CFE Fund at Living Cities.