CFE Fund Announces More Than 100 Bank On Certified Accounts

The CFE Fund announced that there are now more than 100 bank and credit union accounts nationally certified as meeting the Bank On National Account Standards. Banks and credit unions offering certified accounts comprise over 50% of the U.S. deposit market share, and 40% of all US bank branches offer a certified account; nearly two […]

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The CFE Fund Submits CRA Modernization Comment Letter

The CFE Fund recently submitted a comment letter to the Federal Reserve Board on Community Reinvestment Act (CRA) modernization. Citing experiences from the Bank On movement, as well as the FECPublic initiative, the CFE Fund recommended that the CRA examination process should credit financial institutions’ provision of safe and affordable banking accounts and support for […]

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Bank On Certified Accounts Help Hundreds of Thousands of Residents Receive Stimulus and Other Emergency Payments Safely and with Social Distance

The CFE Fund  announced today that 60 financial institutions with over 28,000 branches across the entire country now offer accounts certified as meeting newly updated Bank On National Account Standards (2021-2022). These low cost, no-overdraft, no-surprise-fee bank and credit union accounts have been highlighted by the Federal Deposit Insurance Corporation and other federal agencies in […]

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American Banker’s Association Urges Member Banks to Offer Bank On Certified Account

Today at the American Banker’s Association’s Unconventional Convention, ABA President and CEO Rob Nichols urged their thousands of members to offer a Bank On certified product. As part of this partnership announcement, the ABA notes working with nearly all of the nation’s core service providers to make it easier than ever for thousands of banks to […]

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The 2019 Bank On National Conference Convenes Stakeholders in Washington, DC

The CFE Fund’s 2019 Bank On National Conference in Washington, DC brought together key stakeholders from multiple sectors across the country: local Bank On coalition program leads and their community partners, Mayors, city administrators, tribal governments, financial institutions large and small, federal banking regulators, national nonprofit organizations, philanthropic partners, consumer advocates, and more. The conference […]

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The Present and Future of Bank On Account Data: Pilot Results and Prospective Data Collection

In partnership with the Federal Reserve Bank of St. Louis, the Bank On Data pilot collected and measured quantitative data on 2017 Bank On certified account usage at four pilot financial institutions with certified accounts: Bank of America, JPMorgan Chase, U.S. Bank, and Wells Fargo. The pilot reveals the kinds of relevant account data that […]

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