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 DCA and Center for Economic Opportunity Release SaveUSA Program Implementation: Insights from the Field This brief documents findings from Year 1 of SaveUSA, a national tax time matched savings program designed by DCA’s Office of Financial Empowerment that received federal funding for replication and testing in New York and three additional cities. In the first year of the program, participants with an average income of $18,000 opened more than 1,600 SaveUSA accounts with close to $1 million in savings, confirming that families with low incomes can, and will, save if presented with the right opportunity. SaveUSA is an initiative of the Mayor’s Fund to Advance New York City and Center for Economic Opportunity Social Innovation Fund, and was implemented in New York City, Newark, San Antonio, and Tulsa.  Download the briefView Research PublicationsLearn about the Social Innovation Fund |
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Cities for Financial Empowerment Rings The Opening Bell on April 11 as NYSE Euronext Commemorates Financial Literacy Week (April 9-13) Watch videoVisit CFE Web site |
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DCA Declares Predatory Schools Top Fraud of the Year Commissioner Mintz highlighted predatory school scams as top consumer complaint during a press conference with the Federal Trade Commission, the Better Business Bureau and other Federal and State agencies and organizations. Citing the "Protect Your Money: Know Before You Enroll" campaign, Commissioner Mintz urged consumers to take advantage of City services and programs to: • Research training programs • Find free and low-cost adult education and job training options • Get help understanding school contracts • File a complaint about a predatory school • Get free help with school debt and budgeting at an NYC Financial Empowerment Center Read the press release and get tipsVisit the Protect Your Money Web site to view ads and learn moreFind a Financial Empowerment Center near you |
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DCA Releases Municipal Financial Empowerment: A Supervitamin for Public Programs Initial Report of Series Details "Supervitamin Effect" of Improved Social Service Outcomes When Integrating Professional Financial Counseling Read the press releaseDownload the reportLearn more about the City's Financial Empowerment Centers Visit Cities for Financial Empowerment Web site |
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 NYC Partners with Seven Financial Institutions to Offer Municipal Workers Free Checking Account as Part of NYC Direct Deposit Program Provides Thousands Safer, Easier, and Cheaper Way to Get Paid Read the press releaseLearn more about NYC Direct Deposit |
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