Jan 31, 2017
A new report from the Corporation for Enterprise Development (CFED) reveals a troubling racial wealth gap in Chicago. The Racial Wealth Divide in Chicago finds that 65% of households of color are "liquid asset poor," meaning they do not have enough savings to sustain themselves at the poverty level for just three months if faced with a sudden job loss, medical emergency or other income disruption. That compares to 28% of White households, according to the report.
Jan 31, 2017
A new report from the Corporation for Enterprise Development (CFED) reveals a troubling racial wealth gap in Baltimore. The Racial Wealth Divide in Baltimore finds that 66% of households of color are "liquid asset poor," meaning they do not have enough savings to sustain themselves at the poverty level for just three months if faced with a sudden job loss, medical emergency or other income disruption. That compares to 32% of White households, according to the report.
Dec 14, 2016
The Federal Housing Finance Agency (FHFA) released its long-anticipated final Duty to Serve rule yesterday, which specifies how Fannie Mae and Freddie Mac (the Enterprises) will meet their obligations to support three underserved markets, including manufactured housing.
Sep 14, 2016
Event to Include Release of Federal Policy Blueprint Calling on the New President and Congress to Address Wealth Inequality
Aug 8, 2016
If current federal wealth-building policies remain in place, it will take the average African-American family 228 years to amass the same amount of wealth that white families have today and it will take Latino families 84 years to reach that goal, according to a new report from the Corporation for Enterprise Development (CFED) and the Institute for Policy Studies (IPS).
Jun 21, 2016
Four major financial institutions have given a combined $1 million to support the Corporation for Enterprise Development’s (CFED) Assets Learning Conference this fall.
Apr 18, 2016
CFED and the W.K. Kellogg Foundation just announced a $750,000, three-year initiative to support over 800 Volunteer Income Tax Assistance (VITA) programs nationwide.
Feb 9, 2016
The Corporation for Enterprise Development (CFED) and JPMorgan Chase & Co. today announced a two- million dollar, multi-city program to support CFED’s Racial Wealth Divide Initiative, starting this spring in New Orleans and Miami.
Jan 25, 2016
Situation Particularly Dire for Families of Color as State and Federal Policies Provide Little Relief, According to “2016 Assets & Opportunity Scorecard”
Dec 8, 2015
A majority of Americans today struggle with debt, limited savings, and have little
chance of moving up the economic ladder. What can be done to address a problem that has devastating
consequences for families, communities and our nation as whole? A new book released today by CFED
and the Federal Reserve Bank of San Francisco explores these and other questions, offering both
answers and hope.
Jun 9, 2015
Speaking at the 2015 Clinton Global Initiative (CGI) America meeting, President Bill Clinton announced the launch today of the CFED-led Campaign for Every Kid’s Future, a CGI America Commitment to Action to significantly expand the reach of Children’s Savings Account programs in cities and states nationwide.
Apr 15, 2015
Alliance of 30+ Organizations Proposes Solutions for Addressing the Wealth Gap, Asset Poverty
Mar 27, 2015
Final Rules Need to More Forcefully Address Ability of Borrowers to Repay Loans and Ensure Online Lenders Follow State Consumer Protection Laws
Mar 10, 2015
As federal policymakers debate how to address income inequality, millions of taxpayers are already finding a relatively simple solution through their tax returns. More than $3.89 billion in federal income taxes has been returned to those with modest wages as a result of free tax preparation services offered by IRS-certified volunteers.
Jan 29, 2015
Large percentages of American households are experiencing profound levels of exclusion from the financial mainstream as they struggle in low-wage jobs and are forced to rely on fringe, often high-cost financial services to make ends meet, according to the 2015 Assets & Opportunity Scorecard, released today by the Corporation for Enterprise Development.
Aug 21, 2014
Federal spending on retirement tax programs in 2013 outweighed the discretionary budgets of 14 cabinet-level U.S. agencies. But almost all of those funds went to the highest income households while providing little help to families who needed it most, according to a new analysis by the Corporation for Enterprise Development (CFED).
Jul 10, 2014
The Corporation for Enterprise Development (CFED) applauds the Senate’s confirmation of San Antonio Mayor Julián Castro as Secretary of U.S. Department of Housing and Urban Development (HUD).
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