Department of Health and Human Services and CFED
recently released an interactive resource, Building Financial Capability: A Planning Guide for Integrated Services, which provides a step-by-step process for service providers interested in providing financial capability services to their participants or clients.
Of the financial constraints revealed in the CFED
study, vulnerable business owners were most likely to face challenges in gaining access to financial products and services.
When low-liquidity Americans get squeezed, their options can be quite limiting as a majority of all Americans, 56%, have subprime credit scores, meaning that they may have to take out a "high-cost -- often predatory -- loan, which can create a cycle of debt and worsen financial insecurity," CFED
org was relaunched by CFED
in partnership with the San Francisco Office of Financial Empowerment, the National League of Cities and the New America Foundation, with support from the U.
Much of the blame for the housing collapse has been dumped on lenders who made risky loans to unqualified borrowers and borrowers who overstated incomes, the CFED
IDAs and Public Assistance Asset Limits: What States Can Do to Remove Penalties for Saving, 1 IDA STATE POLICY BRIEFS, CENTER FOR SOCIAL DEVELOPMENT AND CFED
21, 2002) (on file with the Duke Journal of Gender Law & Policy) [hereinafter CFED
, IDA Initiatives: Overview].
Both the CFED
report and the Southern study are based on data from the same government agencies, including the Bureau of Labor Statistics and the Census Bureau.
Networks of providers have supported IDA and microenterprise legislation in many states around the country for the past several years (Association for Enterprise Opportunity, 2002; CFED
Kindergarten to College began as a two-year pilot launched by the Office of the Mayor and the Office of the Treasurer in San Francisco along with the Department of Children, Youth and their Families, the San Francisco Unified School District and a number of non-profit organizations, including CFED
, EARN, the San Francisco Foundation and the New America Foundation.
The site, designed by CFED
, focuses specifically on helping communities adopt the "Bank On" model of connecting unbanked and underbanked residents with mainstream financial services.
Andre Alexander, chief financial and operating officer, CFED
, Washington, D.