Bank On Louisville E-News and Updates for February 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.        February 2013

BOL logo w/ City seal

Go Direct Deadline is March 1st

If you know someone who is still receiving a paper check for Social Security or other federal benefit payments, please remind them that they are required by law to switch to an electronic payment method by March 1, 2013.  They can choose to get their payments by direct deposit to a bank or credit union or to a Direct Express Debit MasterCard card account.  Visit for more information

America Saves Week, Feb. 25 - March 2, 2013

America Saves Week is an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status. Click here to participate in this initiative.

Also visit Bank On Louisville's Facebook and Twitter pages.

Report on Repaying Payday Loans

The PEW Charitable Trust released the attached report on "How Borrowers Choose and Repay Payday Loans."


Louisville's First Financial Empowerment Summit

Want to know more about Financial Empowerment and what it could mean for you, your clients, your organization, and your community?  Louisville Metro Community Services and Revitalization is proud to help sponsor Louisville’s First Financial Empowerment Summit -- featuring nationally renowned experts, local community leaders, and service providers who are incorporating financial empowerment into their current service delivery systems.

The event will take place on March 7, 2013 at Hotel Louisville, 120 W. Broadway, Louisville, KY between 8 am – 3:30 p.m. The registration fee of $40 includes morning and afternoon sessions plus a continental breakfast and lunch.  Click here for more information and to register by March 3, 2013.

CFPB Listening Session Invitation

You are invited to attend a listening session with Clifford Rosenthal, Assistant Director of the Consumer Financial Protection Bureau’s Office of Financial Empowerment on Friday, March 8th.  The CFPB’s Office of Financial Empowerment is planning a number of these listening sessions around the country to hear about innovative efforts taking place to increase financial capability for low-income and economically vulnerable consumers. Louisville agencies that are working to incorporate financial empowerment strategies such as banking access, financial education, and asset building opportunities into the delivery of services are invited to speak about their efforts at one of two sessions.

Community-based organizations are invited to speak about their efforts at the morning session, 9:00 to 11:00 a.m. at Metro United Way (334 E. Broadway, Louisville, KY 40202). Financial institution representatives are invited to the afternoon session, which will take place from 1:00 to 3:00 p.m. at the Louisville Urban League (1535 W. Broadway, Louisville, KY 40203).

Please RSVP as soon as possible to Caitlin Willenbrink at or 502.574.1969. Space is limited to 25 attendees at each session; each agency may send one representative. We look forward to seeing you on Friday, March 8th.

 Click here to learn more about Mr. Rosenthal.