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CFE Fund announced today $1 million in funding from the Wells Fargo Foundation to expand the Bank On Fellowship program to a fourth cohort and work to expand banking access for unbanked residents living in Arizona, California, Ohio, Kentucky, Louisiana, and New Mexico.
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U.S. General Services Administration (GSA) recently announced a new Memorandum of Understanding (MOU) between GSA and Southern Company to develop carbon pollution-free electricity (CFE) options for federal facilities in Southern Company's service territories.
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Tri Counties Bank announced today the creation of the Homeownership Access Program to support homeownership in historically disadvantaged communities in Northern and Central California. #TriCountiesBank #MemberFDIC
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The Biden-Harris Administration announced the federal government’s first MOU with a utility to work toward achieving 100% CFE, at least 50% of which would be provided on a 24/7 basis, in line with the requirements of Executive Order 14057.
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New HOPE Inside centers in select Wells Fargo branches increase access to financial education and guidance
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Women entrepreneurs are solution multipliers in building an inclusive and sustainable future
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Inland Bank and Trust (“Inland Bank”) announced that its Foundation Account was officially certified by the national Cities for Financial Empowerment Fund (“CFE Fund”) as meeting the Bank On National Account Standards for the 2021-2022 year. The National Safe Account Standards were co-created by consumer advocates, leading national non-profit organizations, civic leaders, and other financial institutions to designate core features that ensure low cost, high functionality and consumer safety. Inl
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The Cities for Financial Empowerment Fund’s Bank On National Account Standards Certification of Valley Journey Checking indicates that it meets over 25 features for safe and affordable consumer transaction accounts.
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New initiative will help unbanked Black and African Americans, Hispanics, and Native Americans have easier access to low-cost banking
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PNC Bank, N.A. is pleased to announce it is the first bank to offer two products that meet the Cities for Financial Empowerment Fund (CFE Fund)'s Bank On national certification.
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NEW YORK -- The Cities for Financial Empowerment Fund (CFE Fund) announced the selection of five additional local governments to replicate the proven Financial Empowerment Center (FEC) model under its nationwide FEC Public platform. Selected municipalities will work to launch free, professional one-on-one financial counseling as a free public service for low-income residents, including as they deal with the financial impacts of the COVID-19 pandemic.
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National nonprofit organization the Cities for Financial Empowerment Fund (CFE Fund), in partnership with Bloomberg Philanthropies, Citi Foundation, JPMorgan Chase & Co., and the Wells Fargo Foundation, announced today that more than 50 city and county partner governments across the country are set to offer financial counseling and financial navigation services for their local residents in need.
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More than 65 million people are outside of the mainstream financial system in the U.S, which means they are relying on high-fee alternatives and are not able to access basic financial needs like savings accounts, credit cards, or even a credit score. The Cities for Financial Empowerment Fund (CFE Fund) announced today a $1 million grant from the Wells Fargo Foundation to double the size of its successful “Bank On” Fellowships, which funds a full-time Bank On coalition leader in a community for tw
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Working in communities across the country, the Cities for Financial Empowerment Fund is implementing programs and training leaders to help expand access to financial services and education for unbanked and underbanked individuals.
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The Cities for Financial Empowerment Fund (CFE Fund) announced today the awarding of five 2-year fellowships to advance local Bank On coalition operations and generate best practices for coalitions across the country. Local Bank On coalitions across the country, led by or working closely with local government, work to expand access to safe and appropriate financial products and services to the over 65 million people outside of the mainstream financial system who rely on alternative, costly financ
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City First Enterprises (CFE) and Citi Community Development announced today the plan for CFE to create the first Community Land Trust (CLT) in the historic Anacostia neighborhood in the District of Columbia (DC) to preserve affordability, prevent displacement and enable community residents to purchase homes to build long-term financial assets.