CFE Fund

Welcome

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 Research Report

The CFE Fund, with support from the Citi Foundation, released a new research brief  detailing focus group research on Summer Jobs Connect participants' financial goals; the report joins an earlier three-report compendium on city partners’ strategies to connect summer jobs with banking access. 

 

CFE COALITION RELEASES 2016 POLICY AGENDA

The CFE Coalition, made up of 15 mayors representing 22 million residents, newly released a 2016 Policy Agenda. The agenda supports upcoming Consumer Financial Protection Bureau payday loan regulations, expanded access to financial counseling and safe banking products, and a reduction in municipal fees and fines.

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.