CFPB partners with communities

The CFPB has announced that it will partner with seven communities to help build financial resiliency among Americans. The partnerships, part of the Bureau’s Start Small, Save Up initiative, aim to increase the number of people having sufficient liquid savings by testing new approaches as well as identifying existing approaches that can assist Americans to become more financially secure.

The CFPB will provide training, technical assistance and other technical support to help community-based organizations build or expand their financial resiliency initiatives. The communities selected are: Great Falls, Montana; Little Rock, Arkansas; Louisville, Kentucky; Manchester, New Hampshire; Richmond, Virginia; Seattle, Washington; and St. Louis, Missouri. The seven communities were among a large number that were considered and represent a broad cross section of the country’s population.