News  |  Latest News From CFSI

CFSI: Innovation in Action

Funded through a generous donation from the Citi Foundation, the video offers detailed success stories from customers using prepaid cards, new small-dollar loan products, and in-bank check cashing and second chance accounts, told in their own words. The ...


Innovative Financial Tools for Serving the Underbanked: A Summary

Conference summary from Innovative Financial Tools for Serving the Underbanked

Co-sponsored by CFSI and the Federal Reserve Bank of Philadelphia

The term underbanked describes the roughly 40 million U.S. households who either do not have ...


CFSI Supports America Saves Week 2009

America Saves Week 2009 kicks off February 22nd and is a nationwide campaign in which a broad coalition of nonprofit, corporate, and government groups help individuals and families save and build wealth. At CFSI, we advise our roundtable companies, ...


Borrowing to Live: Consumer and Mortgage Credit Revisited

Borrowing to Live: Consumer and Mortgage Credit Revisited, a recently released book co-published by the Harvard Joint Center for Housing Studies and the Brookings Metropolitan Policy Program, includes a chapter co-authored by Edna R. Sawady and Jennifer Tescher. Drawing ...


MACED Receives Innovation Award

CFSI congratulates the Mountain Association for Community Economic Development (MACED), CFSI grantee, for winning the University of Kentucky’s Nonprofit Leadership Initiative’s 2008 Innovative Nonprofit Award for their Common Cents Financial Initiative (CCFI). CCFI provides an employer-based payday loan alternative to ...


TIO Networks Gains Nomination for Award

TIO Networks, a CFSI investee, was one of the 14 finalists in Citi-Ashoka’s Changemakers Competition: Banking on Social Change—Seeking Financial Solutions for All. In this competition Ashoka and Citi, “partnered in a worldwide search for financial services projects that use ...


Insurance and Asset-Building for the Underbanked: A Convening Summary

In August 2008, CFSI, the Federal Reserve Bank of Chicago, and the Annie E. Casey Foundation co-sponsored an insurance convening summary.  This summary outlines issues, research, and innovations around serving the insurance needs of underbanked consumers and offers next ...


CFSI Announces Nonprofit Opportunities Fund Grant Awards

The Center for Financial Services Innovation (CFSI) announced today, at the Underbanked Financial Services Forum, the grantees of its 2008 Nonprofit Opportunities Fund.  The fund was created by a $2 million grant from the Wal-Mart Foundation.  CFSI selected the following ...


CFSI Underbanked Consumer Study Identifies Eight Underbanked Consumer Types

The Center for Financial Services Innovation (CFSI) has released the initial findings of its groundbreaking national segmentation study of the underbanked market at the 3rd Annual Underbanked Financial Services Forum, continuing through Tuesday, June 10th, in Miami.  The ...


CFSI Releases the Initial Findings of their Segmentation Study of the Underbanked

Center for Financial Services Innovation (CFSI) has released the initial findings of its groundbreaking national segmentation study of the underbanked market at the 3rd Annual Underbanked Financial Services Forum, continuing through Tuesday, June 10th, in Miami. The CFSI Underbanked Consumer ...


CFSI Announces Latest Investees Under Its “Catalyst Fund”

The Center for Financial Services Innovation (CFSI) announced today two new investments under its Catalyst Fund L.P.: iSend and Progress Financial.

These newest investments reaffirm CFSI’s commitment of focusing on innovative growth stage organizations serving the underbanked. In ...


CFSI Announces Grant Opportunities for Nonprofit Organizations

The Center for Financial Services Innovation announced a $250,000 grant award to Credit Builders Alliance (CBA). This award, together with the release of a request for proposals for the CFSI’s new Nonprofit Opportunities Fund last week, marks a significant ...


Jennifer Tescher named among the new members of the Federal Reserve Board’s Consumer Advisory Council

The Federal Reserve Board announced yesterday the newest members to its Consumer Advisory Council, including CFSI Director Jennifer Tescher.

Jennifer joins a group of industry and thought leaders who advise the Board on the exercise of its responsibilities ...

New Job Posting: Relationship Manager

The Center for Financial Services Innovation has grown significantly since its inception in 2004, facilitating new relationships and developing strategies to serve the underbanked market in far-reaching and measurable ways. To keep up with CFSI’s growth, we are now looking ...


CFSI Announces the 3rd Annual Underbanked Financial Services Forum

CFSI is happy to announce the 3rd Annual Underbanked Financial Services Forum 2008 produced by CFSI and SourceMedia

Building on successes and popular topics from previous years, we plan on producing an event with creative networking opportunities and ...


CFSI Announces First National Segmentation Study of Underbanked Consumers

The Center for Financial Services Innovation announced today the initiation of the first comprehensive, authoritative national segmentation study of the underbanked market. Citi, eFunds (now part of Fidelity National Information Services), H&R Block and MasterCard are together sponsoring the research. ...


New Conference: Innovative Financial Tools for Serving the Underbanked

This fall, the Federal Reserve Bank of Philadelphia and the Center for Financial Services Innovation are cosponsoring “Innovative Financial Tools for Serving the Underbanked,” a day-long conference on new products and services for underbanked consumers. An audience including financial ...


CFSI in the News (more)

CFSI: Innovation in Action featured on Spotlight on Poverty and Opportunity

CFSI’s first video production CFSI: Innovation in Action is featured on Spotlight on Poverty and Opportunity. Spotlight is an initiative to stimulate national discussion and draw greater attention to the issues of poverty and opportunity during the 2008 elections. Today, ...


Press Releases (more)

CFSI Partners with Network Branded Prepaid Card Association and NetSpend to Create Prepaid Educational Resources for Non-Profits

 

Center for Financial Services Innovation Partners with Network Branded Prepaid Card Association and NetSpend to Create Prepaid Educational Resources for Non-Profits
Educational Guide and Training Sessions for Nonprofit Leaders
Focused on Prepaid Cards and the Underbanked
...