The Consumer Financial Protection Bureau (CFPB) was created by the Dodd-Frank Act of 2010 with a mission “to make markets for consumer financial products and services work for Americans — whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.” Part of CFPB’s mandate is to increase awareness of the EITC and other tax credits for working families.
November 2013 — Integrated Service Delivery: Funders Only Pre-Conference Briefing Hosted by the Asset Funders Network (AFN), EITC Funders Network, GIST and Workforce Matters, this briefing is a part of the Working Families Success Network (WFSN) Conference. This special pre-conference session provided grantmakers and philanthropic advisors with an opportunity to learn more about Integrated Service…
The EITC Funders Network Bi-Annual meeting provided an opportunity for funders to come together to in person to learn, discuss and strategize about key issues facing the field. As in past years, this year’s meeting was held in conjunction with the National Community Tax Coalition’s conference. The focus of this year’s meeting included two…
Beginning in January 2014, the Affordable Care Act will require most Americans to have health insurance coverage. Low and moderate income families will be eligible for premium tax credits to help offset the cost of purchasing their health insurance.
An article by Lisa J. Servon explores the reasons why many low income people choose check cashers over traditional banking institutions.
In a recent article, the Corporation for Enterprise Development (CFED) highlights the work of Local Initiatives Support Corporation’s Financial Opportunity Centers.
New research from the Center for Budget and Policy Priorities offers an analysis of how the EITC and Child Tax Credits (CTC) help keep military families (both current and formerly active members of the armed services) out of poverty.
In the fall of 2013, with the start of open enrollment of the Affordable Care Act (ACA), communities across the nation will be on the verge of a major opportunity to improve the lives of Americans from all walks of life-children, low-income families, small business owners, and senior citizens. However, without careful attention to how families will hear about ACA and make critical health care insurance decisions, there is a substantial chance that this opportunity will be squandered.
The Center for Financial Services Innovation announced their newest grantees for the Financial Capability Innovation Fund II, awarding a total of $2.5 million for initiatives focused on building financial capability through the integration of technology, social networks, and financial advice into products and services that encourage saving, build credit, and provide financial coaching.
According to Food & Nutrition Service 2010 data, 40.7% of SNAP recipients are in working families. Building strong partnerships with state or county program administrators can help ensure that low-income working families get the wrap-around supports necessary to thrive.