Cities For Financial Empowerment Fund Inc

Bank onbank on provides central support to 100 local coalitions and liaises nationally with banking, regulatory, and nonprofit organization partners to ensure that everyone has access to safe, affordable banking. Program accomplishments include: the release of the first-ever bank on national account standards, and the accompanying movement of the market to meet the standards; the creation of an infrastructure to evaluate and validate accounts that meet the standards; the creation of a platform to facilitate and aggregate financial institution reporting of data about bank on accounts; a range of grant support to assist local coalitions... (continued on schedule o) in building their capacity and expanding banking access, including through the development of replicable, large-scale programs that connect underserved populations to certified accounts; the establishment of the bank on fellowship to demonstrate what full-time coalition leadership can accomplish; and additional technical assistance efforts aimed at helping financial institutions and municipal leaders upgrade and reinvigorate local bank on programs.

Emergency financial empowerment natural disasters, public health crises, and other localized emergencies can have serious financial ramifications for individuals and families, due to unexpected expenses, loss of income, and limited access to relief supports and programs. The emergency financial empowerment (efe) initiative partners local emergency management leadership with government and other community financial empowerment resources to ensure that emergency response protocols incorporate critical personal finance preparedness and response.

Additional cfe fund programs include: supporting the cfe coalition, an invitation-only group of 19 cities on the cutting edge of municipal financial empowerment; developing consumer financial protection capacity and offices of financial empowerment within local government; providing intensive technical assistance to help cities and other government leaders embed financial empowerment strategies into programs and infrastructure, focusing on the needs of black residents; and using the scale and infrastructure of municipal summer youth employment programs to integrate targeted financial education and banking access strategies.