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 CFE Fund works with mayoral administrations and those interested in supporting them to actually “pull triggers” -- and measures its success accordingly.
The Citi Foundation and CFE Fund Announce Summer Jobs Connect
The Citi Foundation and the CFE Fund announced Summer Jobs Connect, an innovative $3.8 million program that will provide summer jobs and services to young adults. The five funded City administrations will explore gateways to safe and appropriate mainstream banking products, services, and financial education.
JPMORGAN CHASE FOUNDATION AND CFE FUND ANNOUNCE 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.
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 New York Stock Exchange
CFE Coalition 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 and rang the opening bell to mark the launch of the CFE Fund.