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Press Releases

Press Releases

Apr 18, 2016

W.K. Kellogg Foundation Joins with CFED to Strengthen 800 Volunteer Income Tax Assistance Sites Nationwide

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

JPMorgan Chase & Co. Joins with CFED to Help Bridge the Racial Wealth Divide

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

New Report Finds Millions of Americans Stuck in Perpetual Financial Insecurity

Situation Particularly Dire for Families of Color as State and Federal Policies Provide Little Relief, According to “2016 Assets & Opportunity Scorecard”

Dec 8, 2015

Groundbreaking New Book Takes a Hard Look at What it Means to be Financially Unhealthy

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

Major CFED Initiative to Expand Children’s Savings Launched Today at Clinton Global Initiative (CGI) America Gathering

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

Nation's Top Leaders in Asset Building Advocacy Unveil Major Tax Reform Agenda

Alliance of 30+ Organizations Proposes Solutions for Addressing the Wealth Gap, Asset Poverty

Mar 27, 2015

Consumer Financial Protection Bureau Proposal Is Important First Step to Rein in Abusive Payday Lending Practices

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

Volunteer Tax Preparers Helped Return Nearly $4 Billion to Low-Income Taxpayers Across the Nation

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

New Data Shows Economic Recovery Bypassing Millions Trapped by Low Wages, Minimal Savings and Poor Credit

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

Despite Massive Federal Retirement Tax Spending, Working Families Get Little Support to Grow their Nest Eggs

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

CFED Statement on Julian Castro HUD Confirmation

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: CFED President Andrea Levere Opinion in New York Times Sunday Review

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

CFED President Andrea Levere Responds to President Obama’s State of the Union Address

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

CFED to Release New Data on Challenges Faced by Families Trying to Save and Build Wealth

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 Appoints CFED President Andrea Levere to NCB Board of Directors

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 Expands Programs to Improve Asset-Building Opportunities for Low- and Moderate-Income Households

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 and Citi Announce Launch of Household Economic Security Project

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

CFED Applauds Bipartisan Senate Vote Paving Way for Cordray Confirmation

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

House Plan to Cut Food Aid by Requiring “Asset Test” would Discourage Families from Saving, Diminish State Rights

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.

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