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Economic Inclusion

May 9, 2012

How to Sell Lawn Seed. Or, The Importance of the Client Perspective

A mentor of mine once told me, “If you want to sell a man lawn seed, talk about his lawn, not your seed.”

Apr 11, 2012

Why Bank On Programs Need Financial Institutions

Last week, CFED released a report called Partnerships You Can Bank On: Sustainable Financial Institution Engagement in Bank On Programs

Apr 4, 2012

Vote for CFED to present at CFSI’s 7th Annual Underbanked Financial Services Forum!

We need your help! In February, I submitted a proposal to lead and moderate a roundtable session

Mar 14, 2012

A&O Member David Rothstein Testifying about Prepaid Cards Today

Today, David Rothstein from Policy Matters Ohio is testifying to the Senate Banking Committee in a hearing entitled “Examining Issues in the Prepaid Card Market.”

Feb 9, 2012

SaveUSA Program Saves Low-income Families Nearly $1 Million

New York City Mayor Bloomberg, Consumer Affairs Commissioner (and longtime CFED friend) Mintz

Jan 26, 2012

What’s Your Financial Security Score?

The Center for Financial Security (CFS) at the University of Wisconsin-Madison recently launched its Financial Security Index

Jan 20, 2012

Predictions for the Next Celebrity-Endorsed Prepaid Cards

Suze Orman, the financial advice guru, has been in the news recently for offering a branded prepaid card.

Jan 10, 2012

Growing the Next Generation of Leaders in Microfinance

Lend for America, a new internship program, helps proven young leaders start campus-based microfinance institutions (MFIs) that create new businesses and new jobs.

Dec 14, 2011

The Most Unbanked Places in America

Where are the all-time most unbanked places in America? New data is available for every census tract, city/place and county in the country.

Nov 22, 2011

Upcoming Event: Bank On Webinar

Earlier this month, a partnership between CFED, the National League of Cities

Nov 16, 2011

Fiddler Comments on Native Financial Institutions

Last week, CFED Board Member and Four Bands Executive Director Tanya Fiddler

Nov 1, 2011

CFED, Partners Launch New JoinBankOn.org

This morning, CFED, with support from the U.S. Department of the Treasury and in partnership with

Oct 27, 2011

Pew Releases New Research on the Unbanked and Underbanked

The Pew Health Group released a new report on the unbanked and underbanked in Los Angeles, "Slipping Behind: Low-Income Los Angeles Households Drift Further from the Financial Mainstream."

Oct 18, 2011

CFED Research Release Highlights Twin Cities' Financial Insecurity

New data released today by CFED's Research Team reveals enormous disparities along racial lines

Oct 7, 2011

CFED’s Rademacher Testifies Before U.S. Senate

On Tuesday, CFED Vice President for Policy & Research Ida Rademacher testified before the Senate Committee on Banking

Sep 20, 2011

CFED to Ring Opening Bell at New York Stock Exchange Wednesday

We are excited to announce that CFED President Andrea Levere, along with CFED staff and special guests, will ring the Opening Bell at the New York Stock Exchange TOMORROW, Wednesday, September 21!

Sep 9, 2011

Treasury Announces 2011 Native American CDFI Assistance Program Awards

The CDFI Fund recently awarded a total of $11,847,579 to 35 Native CDFIs and organizations serving economically distressed Native communities across the nation.

Sep 9, 2011

Wanted: Creative Thinking

Letter of Intent Deadline October 3: AARP Foundation Seeks Innovative Ideas on Income

Sep 6, 2011

Forbes Interview with CFED Founder Bob Friedman

Forbes' Rahim Kanani recently interviewed CFED founder and general counsel Bob Friedman for his column that focuses on leadership in the social sector.

Aug 30, 2011

Payday Plus SF

The Office of Financial Empowerment has partnered with five credit unions to offer an alternative payday loan

Aug 18, 2011

2011 KIDS COUNT Data Book Now Available

CFED is pleased to join the Annie E. Casey Foundation as a 2011 KIDS COUNT Data Book outreach partner.

Aug 3, 2011

The Critical Nature of Human Capital

Of the three component of the competitiveness triangle – innovation, entrepreneurship and human capital

Jul 29, 2011

CFED’s Levere Discusses Racial Wealth Gap at NUL Conference

Earlier today, CFED President Andrea Levere gave a presentation to the National Urban League Conference

Jul 21, 2011

Innovator Towarnicky Points Out Flaws in WSJ Article

Here is a timely and hard-hitting post from CFED’s Innovative Idea Champion Jack Towarnicky, prompted by a recent front-page

Jul 11, 2011

CFED Staff Offer Exclusive Commentary

This morning, Spotlight on Poverty and Opportunity posted content in their Exclusive Commentary section about

Jun 22, 2011

CFED Announces Partnership for College Completion

Today, we enthusiastically announced our newest endeavor in this realm – the launch of the Partnership for College Completion (PCC).

Jun 21, 2011

Takeaways from CFSI’s Underbanked Forum

Last week, I attended the Center for Financial Services Innovation’s (CFSI) Underbanked Financial Services Forum.

May 18, 2011

Proposed bill would enable people with disabilities to open bank accounts, work and save

Recruit original cosponsors for Supplemental Security Income asset limit reform!

May 3, 2011

CFED Covered in HuffPost Business

A while back I wrote about asset poverty and how asset-building, not just income, is critical to achieving financial stability.

May 2, 2011

PLAY Motivates Children to Save

We want to congratulate Margaret Libby, executive director of Mission San Francisco Community Financial Center

Apr 26, 2011

Taxing the Poor: Doing Damage to the Truly Disadvantaged

Katherine Newman and Rourke O’Brien’s new book, Taxing the Poor, takes an in depth look at

Apr 19, 2011

The Savings Exchange

In April of 2010, I joined a team of innovative credit unions through the Filene i3

Apr 13, 2011

Comment on President Obama’s Budget Deficit-Reduction Address

In his speech earlier this afternoon, President Obama rightly identified tax reform as a major part of the solution

Apr 13, 2011

Ed Ablard Advocates for Veterans

It is exciting to learn that Ed Ablard's advocacy with Pentagon Federal Credit Union, which

Apr 6, 2011

Labor Unions and Economic Opportunity

Since the 1930s, strong labor unions, both in the private and public sectors, have played an integral role

Mar 21, 2011

Federal Asset-Building Budget Inadequate, Counterproductive

Last Tuesday marked the launch of the new Moment of Truth Project – an effort led by

Mar 8, 2011

Reporting On-Time Payments Low Cost and Easy Way to Improve Credit Access

The Huffington Post column, "Alternative Credit Reporting: Is Experian Really Going to Help You Rebuild Your Credit?", inaccurately describes the extensive research and proven impact of full-file reporting of utility and telecom data. The authors conflate utility and telecom payment data -- which has extensive research and practice demonstrating positive benefits -- with rental payments that is new data and lacks the same analysis and demonstration.

Feb 18, 2011

Mercado Global Links Guatemalan Women to U.S. Consumers

Some of the excitement at the Innovation Marketplace of the 2010 Assets Learning Conference came from the fact that visitors could exercise their market skills by buying unique products and services. Mercado Global was one of the Marketplace’s featured International Innovations. Founded by Ruth DeGolia when she was a student at Yale, Mercado Global is a cutting-edge nonprofit, Fair Trade organization with an innovative approach to fighting poverty and empowering indigenous women in Guatemala’s highlands by connecting their artisan cooperatives to sales opportunities in the U.S. on an unprecedented scale.

Sep 24, 2010

Closing the Racial Wealth Gap

Speaking yesterday at the opening plenary of CFED’s biennial Assets Learning Conference, Thomas Shapiro and Melvin Oliver outlined four strategies for eliminating the United States’ racial wealth gap. Shapiro and Oliver are authors of Black Wealth/White Wealth, a flagship work on wealth and inequality. Speaking to a crowd of over 1,000 advocates and service providers from all over the United States, Shapiro and Oliver linked historical practices such as redlining and discrimination by the federal housing administration, insurance companies and financial institutions and today’s subprime lending crisis. Shapiro and Oliver pointed out that today—in 2010—the average African American household owns 10% of the wealth of the average white American household—a chilling statistic which hasn’t changed since the 1980s.

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