News & Updates from the Assets & Opportunity Network

Failure to Expand Medicaid Keeping Health Coverage Out of Reach for Many Struggling Mississippians
Posted on 09/18/2015

Mississippi's improvement in health coverage was not what it could have been in 2014, because the state has not expanded Medicaid coverage to more residents who cannot otherwise afford health insurance.… Read More

A&O Network Members Kick Off 12-month Financial Capability Integration Projects
Posted on 09/18/2015

In August, eight A&O Network members kicked off a 12-month financial capability integration planning and implementation project supported by CFED. These eight organizations were selected from a pool of organizations that attended statewide workshops hosted by Network Convening Leaders in Idaho, Oregon, Wisconsin, North Dakota, Washington and Minnesota. … Read More

The 5th Annual Resource Day
Posted on 09/11/2015

On Saturday, August 29, 2015 an estimated 1,500 Seattle-King County residents attended the 5th Annual Resource Day & Back to School Event (formerly known as Financial Resource Day and Bridging the Gap) at the Rainier Community Center. This one day event provided a connection to 77 financial and community service providers and 38 employers all in one location--"brought to you this year by the King County Housing Authority and the Seattle Housing Authority with support from the Financial Empowerment Network | Seattle-King County and WorkSource Seattle-King County. Read More

CFPB Releases Thousands of Consumer Complaints
Posted on 07/27/2015

This week marks the 5th anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which created the [Consumer Financial Protection Bureau](, an agency committed to protecting consumers from abusive financial products and practices. Over the past four years, we have seen the CFPB return over $10 billion to more than 17 million consumers tricked by deceptive financial practices, consider new regulations on [payday lenders]( and [prepaid cards](!documentDetail;D=CFPB-2014-0031-0001), and successfully sue for-profit colleges for abusive lending practices.… Read More

Bank On Chicago Community Partners Press for Safe & Affordable Prepaid Cards
Posted on 07/24/2015

More and more people are using prepaid cards, yet it is a highly unregulated industry. According to the Pew Charitable Trusts' 2014 report [**Why Americans Use Prepaid Cards**](, about $65 billions was loaded onto prepaid cards in 2012 - more than double the amount loaded in 2009.… Read More

Protect the Federal EITC and the Child Tax Credit
Posted on 07/23/2015

In 2013, 1,012,292 households in Illinois claimed the federal EITC. According to new data released by the [Brookings Institution](, 867,541 households claimed the Child Tax Credit that same year.… Read More

Sen. Brown, advocates call for strong payday lending reforms
Posted on 07/23/2015

###Five years after creation of Consumer Financial Protection Bureau, rules are still needed to curb payday lending abuses. … Read More

A New Horizon on Economic Opportunity
Posted on 07/21/2015

Charlotte-Mecklenburg often referred to as the second largest financial center in the United States, has gained national attention under a different light. A [recent study]( conducted by Harvard University and the University of California at Berkeley ranked Charlotte at 50th out of the 50 largest US cities in upward economic mobility for children living in large metropolitan areas. This alarming study brought Charlotte leaders and philanthropic foundations to take immediate action to secure the economic opportunity of children and families. … Read More

Warren Buffett: Stop Blaming The Rich For Income Inequality. If You Really Want To Help, Do This
Posted on 07/06/2015

The world's third-richest man weighed in on the national debate over rising levels of income disparity in the United States yesterday, saying that while the gaps between the country's haves and have nots are definitely increasing, it is not the fault of those at the top. Nor will it be solved by traditional methods, like improving education or hiking the minimum wage. His solution: Increase access to the Earned Income Tax Credit.… Read More

Bank on Houston Launches Web App to Help Unbanked Houstonians get Accounts
Posted on 07/06/2015


Family Assets Count: Chicago
Posted on 07/01/2015

In Chicago 20% of families live in poverty, but far more (49%) are financially vulnerable. These --"liquid asset poor--families do not have enough savings to live above the poverty level for just three months if they lose a job, face a medical crisis or suffer another income disruption. Communities of color fair even worse: 67% of African American households and 71% of Hispanic households in Chicago are liquid asset poor.… Read More

Judge upholds local minimum wage ordinance
Posted on 06/30/2015

##Statement from Louisville Mayor Greg Fischer:… Read More

Posted on 06/29/2015


Oklahoma Native Assets Coalition, Inc. (ONAC) to Offer Children's Savings Accounts and Mini Grants for Family Emergency Savings Accounts with Tribes and Native Nonprofits in Oklahoma
Posted on 06/29/2015

News Release… Read More

Seattle-King County affordable housing options panel discussion
Posted on 06/29/2015

The conversation around access to affordable housing and housing options available is becoming more and more a topic of discussion. The Financial Empowerment Network | Seattle-King County is proud to host a panel discussion focusing on Seattle-King County affordable housing options.… Read More

Working dads need a hand up too
Posted on 06/19/2015

This Father's Day, Rhode Island lawmakers are poised to give 27,000 Rhode Island dads a gift more meaningful than the typical father's day tie or --"World's Greatest Dad-- coffee mug.… Read More

Stepping Up: How Cities Are Working to Keep America's Poorest Families Housed
Posted on 06/18/2015

Having a place to call home is a signature component of the American dream. But for far too many people, finding safe, decent, affordable housing is extremely stressful. The United States simply does not have enough affordable housing. And nationally, the situation is only getting worse.… Read More

Min. wage for some Kentucky state workers rising to $10.10
Posted on 06/11/2015

Louisville's Courier-Journal report on June 8, 2015 that the salaries of nearly 800 state workers will increase on July 1 under an executive order signed Monday by Gov. Steve Beshear that raises the minimum wage for employees of the executive branch of state government from $7.25 an hour to $10.10. [Read more.]( Louisville Mayor Greg Fischer released the following statement. --"I applaud Governor Beshear for leading by example and raising the minimum wage for state government employees. This will have a direct and real impact on families, much like it did when Louisville Metro Government increased the minimum wage for its lowest-paid workers. There is resounding support in Kentucky for increasing the minimum wage, and I hope the General Assembly takes that up in the next session" Read More

Study: Homeownership Can Help Close The Racial Wealth Gap Across Greater Houston
Posted on 06/08/2015

Census figures have shown for decades a wealth gap between whites and minorities across the country and Greater Houston. A recent study finds a contributing factor is where they live: **Whites have a much higher rate of home ownership compared to African Americans and Latinos.**… Read More

Scorecard: Housing and Homeownership
Posted on 06/08/2015

June is **National Homeownership Month** --- a time that reaffirms the value of homeownership, particularly as a wealth-building tool for both the homeowners and the communities in which they live. Homeownership is an integral part of the --"American Dream,-- and plays an important role in how low-income and minority households achieve and build long-term economic stability. According to the 2015 [*Assets & Opportunity Scorecard*](, which comprehensively examines Americans' financial security and their opportunities to create a more prosperous future, Mississippi ranks 29th out of the 50 states and the District of Columbia on outcomes measures related to housing and homeownership.… Read More

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