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).
May 4, 2014
Going Mobile, Andrea Levere, president of the Corporation for Enterprise Development (CFED), opinion piece in the New York Time's Sunday Review dives into the affordability of manufactured housing.
Jan 29, 2014
Andrea Levere, president of the Corporation for Enterprise Development (CFED), issued the following statement on Wednesday in response to President Barack Obama’s 2014 State of the Union address.
Jan 23, 2014
On Thursday, January 30, the Corporation for Enterprise Development (CFED) will release new data highlighting ongoing struggles American families face saving and building wealth, despite an improving economy.
Nov 7, 2013
President Barack Obama has appointed Andrea Levere, President of the Corporation for Enterprise Development (CFED), to the National Cooperative Bank’s (NCB) Board of Directors. Ms. Levere was sworn in today and confirmed on October 16. She replaces Nguyen Van Hanh who held the seat since 2007. Originally chartered by Congress in 1978 to meet the financial needs of cooperatives throughout the country, NCB maintains three presidentially-appointed seats on its 15-person Board of Directors.
Oct 24, 2013
CFED announced today that it will deploy $500,000 to strengthen the capacity of state and local nonprofits to ensure greater access to products, programs and policies that expand financial asset-building opportunities for low-to moderate-income consumers. The expansion is made possible by the JPMorgan Chase Foundation, and is part of the firm’s broader efforts to provide $1.4 million in grants to leading nonprofits that promote the financial capability of consumers.
Oct 8, 2013
CFED, with support from Citi Community Development, has announced the launch of the Household Economic Security Project. Through Citi’s $1 million commitment, CFED will expand its annual state-level Assets & Opportunity Scorecard to include data on asset poverty and other critical measures of financial security for the first time for every city and county in the country.
Jul 16, 2013
The Corporation for Enterprise Development (CFED) applauds the Senate for removing the barriers to Richard Cordray’s confirmation as Director of the Consumer Financial Protection Bureau (CFPB). As today’s bipartisan vote paving the way for Director Cordray’s Senate confirmation demonstrates, expanding economic opportunity by improving the financial capability of all Americans need not be a partisan issue.
Jun 18, 2013
The U.S. House of Representatives is expected to begin debate today on new farm bill legislation that would dramatically cut food assistance in large part by requiring states to reinstate an “asset test” for low-income households. Under the proposal, families would be knocked off the Supplemental Nutrition Assistance Program (SNAP) if they have as little as $2,001 in savings or a car worth about $5,000.
May 7, 2013
President Obama announced his intent to nominate the following individuals to key Administration posts: Andrea Levere, Nominee for Member, Board of Directors of the National Consumer Cooperative Bank.
Feb 8, 2013
CFED announced a $125,000 grant from Capital One Financial Corporation to support work to identify new scalable opportunities to help disadvantaged entrepreneurs achieve upward economic mobility. The grant will facilitate a partnership between CFED and several microenterprise organizations, including Accion Texas, Inc., the California Association for Micro Enterprise Opportunity (CAMEO), the Enterprise Development Group (EDG) in the Washington, DC metro area, and others. Through these partnerships, CFED will promote emerging practices that service providers can implement to ensure that their clients have access to the financial products and skills they need, and are actively using them to make their businesses stable and sustainable.
Jan 30, 2013
Almost half (43.9%) of U.S. households are living on the edge of financial collapse with almost no savings to fall back on in the event of a job loss, health crisis or other income-depleting emergency, according to a report released today by the Corporation for Enterprise Development (CFED).
Jan 24, 2013
With Richard Cordray as Director, the CFPB has provided essential protections that can change the financial lives of all consumers, with particular focus on the underserved and vulnerable citizens of this country. CFED applauds President Obama for his renomination of Cordray to a full term as director.
Sep 12, 2012
WASHINGTON, D.C. – Richard Cordray, director of the Consumer Financial Protection Bureau, and Newark Mayor Cory Booker will be among the keynote speakers at the Corporation for Enterprise Development's (CFED) 2012 Assets Learning Conference: Ideas Into Action. The conference will bring together more than 1,200 advocates, policymakers, academics and others to promote policies that help low- and moderate-income families save money, accumulate assets and connect to the financial mainstream.
Sep 12, 2012
On September 4, CFED, ideas42 and the Citi Foundation announced the launch of the Behavioral Economics Technical Assistance (BETA) Project. The goal of the BETA Project is to use behavioral economics theory to improve the effectiveness and reach of products and services that help people increase their financial stability.
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