CFSICFSI
The most recent news from and about CFSI.

Latest News from CFSI

Comments on Proposed Amendment to the Bank Secrecy Act Regulations Relating to Prepaid Access

CFSI has issued a letter in response to the request for comments by the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) on June 28, 2010. FinCEN has proposed significant regulatory changes for providers and sellers of prepaid cards in response to ...

Posted: September 2010

Toss out your wallet, keep your phone

John Moe of the program Future Tense interviews CFSI Innovation Director Rachel Schneider as she discusses the future of mobile payment technology in this audio segment. Technology is getting to the point where you no longer will need a wallet to conduct ...

Posted: August 2010

CFSI in the News

Melissa Koide's Testimony at the Public Hearing on the Community Reinvestment Act Regulations

Read the transcript of testimony from Melissa Koide, Policy Director at CFSI, before the Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Comptroller of the Currency Office of Thrift Supervision. Ms. Koide discusses the Community Reinvestment Act and ...

Posted: September 2010

ShoreBank Affiliate -- and Prepaid Advocate -- Will Continue Despite Bank's Failure

This American Banker article notes that despite the August 20th failure of ShoreBank Corp., business will continue as usual for the nonprofit affiliates, including CFSI. In January, CFSI shared that its finances are separate from that of ShoreBank's. Jennifer Tescher, director of ...

Posted: August 2010

Press Releases

CFSI comments on U.S. Treasury Department’s Launch of Tax Time Debit Card Program

The Center for Financial Services Innovation (CFSI) today issued a statement commending the U.S. Treasury’s announcement of a 2011 pilot program to test the delivery of tax refunds via debit card accounts. The pilot program, which was deeply informed by CFSI’s SAFE-T Accounts ...

Posted: September 2010

CFSI Launches New Grant Fund to Promote Financial Capabilities among Underserved Consumers

CFSI to support ground-breaking projects designed to move the financial education field forward.

CHICAGO, IL September 1, 2010- The Center for Financial Services Innovation (CFSI) launched the Financial Capability Innovation Fund to provide grants and technical assistance to promising nonprofit-led projects designed to ...

Posted: September 2010