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Press Releases

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.

May 7, 2013

President Obama Announces Andrea Levere to Key Post

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 Awarded $125,000 Grant from Capital One for Innovative Asset-Building and Microenterprise Services Initiative

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

Nearly Half of U.S. Households have almost no Savings to Cover Emergencies or Save for the Future

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

CFED Applauds Reappointment of Richard Cordray to Head the CFPB

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

Booker and Cordray to Headline Major Conference on Efforts to Build Savings and Wealth for Low-income Families

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

Behavioral Economics Technical Assistance Project Launched by CFED and ideas42, with Support from the Citi Foundation

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.

Jan 31, 2012

Growing Number of Americans Can’t Cover Basic Expenses if Job Loss or Other Emergency Strikes

2012 Assets & Opportunity Scorecard Shows Major Increase in “Asset Poor” Households

Jan 4, 2012

CFED Applauds Appointment of Richard Cordray to Head the Consumer Financial Protection Bureau

Director Enables Agency to Assume Full Powers to Protect Consumers in the Financial Marketplace

Jan 2, 2012

CFED Awarded Two Grants from Bank of the West to Expand Financial Opportunities for Working Families

Grants will provide matching funds to IDA homeownership savers and support the creation of a financial education resource for low-income households in Bank of the West’s corporate footprint

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