Bank On Louisville e-newsletter | April 2013

Bank On Louisville

BANK ON LOUISVILLE is a comprehensive network of community partners focused on serving the unbanked and underbanked by increasing access to mainstream financial services, products and tools and financial education resources in order to decrease their reliance on expensive, alternative services and increase financial stability.

Brought to you by Louisville Metro Community Services and Revitalization             April 2013

BOL logo w/ City seal

April is National Financial Literacy Month!

I Love Financial Literacy Month badge

Bank On is proud to join in the national effort to grow awareness of the importance of financial literacy! Connect with us on Facebook and Twitter where we'll be sharing daily tips and resources. You, too, can get involved by attending one of the financial education or empowerment events listed below, connecting someone you know with these opportunities, or sharing one of the resource links below on your website or social media page! Happy Financial Literacy Month! 


Events and reminders

Do you know of an upcoming financial empowerment event? Tell us about it and we'll share it with our network!


Links and articles

Notes from the Executive Committee

Happy Spring! Did you know that, since 2010, Bank On Louisville has helped Metro residents open over 12,000 new banking accounts? And our work continues to grow.

This month, we give a special welcome to Bank On Louisville's new banking and community partners joining in our mission:

If you're interested in joining Bank On Louisville as a financial, faith-based, non-profit, or employer partner, we want to hear from you! And if you're already a partner, keep an eye out for upcoming messages on how you can strengthen your relationship with Bank On Louisville. 

This year, we look foward to furthering our strategic goal of enhancing community economic well-being, through initiatives to encourage direct deposit and savings, as well as through stronger coordination of community resources via a network of financial empowerment activity providers. We are also working to create a sustainable, funded infrastructure to support Bank On Louisville's efforts. Stay tuned for updates!


Don't miss it: Start Fresh on April 9

Start Fresh

Start Fresh is Bank On Louisville's FREE workshop for individuals who have negative (non-fraud) banking histories or who are banking for the first time. Those completing the class have the opportunity to open a Second Chance account with one of Bank On's bank and credit union partners.

The next class will be on April 9, 5-7pm, at the Main Library, with free childcare and kids' financial education activities provided! Click here for RSVP information.


tax time

Unclaimed Tax Returns from 2009

Refunds totaling just over $917 million may be waiting for an estimated 984,400 taxpayers who did not file a federal income tax return for 2009. However, to collect the money, a return for 2009 must be filed with the IRS no later than Monday, April 15, 2013. The IRS estimates that half the potential refunds for 2009 are more than $500. Read the original IRS announcment


Consumer Financial Protection Bureau

CFPB: Making markets work for all Americans

The Consumer Financial Protection Bureau offers several user-friendly resources to protect consumers and help consumers be knowledgable and protect themselves, whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products. We hope you will share these resources or order CFPB publications to share with your clients or your company.

  • To file a complaint about consumer financial products or services (mortgages, credit cards, student loans, bank accounts, credit reporting, auto loans, and more), visit the CFPB Consumer Response Center online, or call 855.411.CFPB (2372). The CFPB call center offers assistance in 190 languages, as well as for consumers who are deaf, have hearing loss, or have speech disabilities. Click here for further instructions.
  • Make your voice heard! To share a story – positive or negative – about your experience with a consumer financial product or service, click here.
  • Learn more! To find answers to questions about consumer finance, use the Ask CFPB tool. 
  • Get the information you need to make informed decisions about paying for college. The Paying for College page will help you compare costs, make a plan for repaying student debt, and more.

Additionally, the CFPB has asked the Corporation for Enterprise Development (CFED) for recommendations on how to curb predatory lending. Share your ideas to be included in CFED's report to the CFPB.