Summer Stakeholder Convening Debrief & News from the Field
Earlier this month AC CAN hosted our summer Stakeholder Convening in collaboration with the San Francisco Office of Financial Empowerment (SF OFE). Prevailing Challenges to Financial Success in the Bay Area focused on two key topic areas in the income and asset development field that our members selected: Issues While Working in the Gig Economy and The Importance of the CFPB.
The convening opened with a welcome and introduction by Sarah Teater, Financial Capability Program Manager from the SF OFE and Rosalyn Epstein, former Program Coordinator for the ACCAN. Following introductions and an overview of the agenda, Ms. Epstein led the group in an activity on “How to Frame Your Story” – a recap of an advocacy tool that emphasizes the practice of shaping your advocacy story into an effective narrative. After a quick stretch and networking break, our first set of panelists discussed the “ins and outs” of challenges that workers in the gig economy face, as well as various resources that are available to independent contractors. Also included in the conversation were current and future strategic policy initiatives to promote worker rights, and dialogue around the changing world of work on a broader scope. We were joined by Natalie Foster, Advisor to The Aspen Institute Future of Work Initiative; Katherine Fiester, Staff Attorney, Legal Aid at Work and Katherine Wutchiett, Skadden Fellow, Legal Aid at Work.
In the political climate shift that accompanied the new presidential administration, the CFPB has come under attack by politicians that are crafting legislation that would limit the bureau’s enforcement authority, reduce its ability to make rules and repeal its consumer complaint system. For the income and asset development community, understanding the threats to the CFPB and strategies to advocate for and protect the Bureau, is of critical importance. In the same vein, our second panel featured Alicia Criado, Regional Strategist within the Office of Community Affairs at the CFPB, who joined us to provide an overview of the CFPB via teleconference from Washington D.C.; Solana Rice, Director of State and Local Policy at Prosperity Now, and Vedika Ahuja, Economic Equity Manager, from the Greenlining Institute in Oakland. Our speakers helped to summarize some of the extensive tools and resources that the CFPB has developed to improve consumer understanding, as well as outline the CFPB’s regulatory actions and litigation to protect the rights of consumers in recent years.
A warm thanks to the over 40 network members and community partners who joined us to make this event a success! We are especially are grateful for the generous donation of breakfast food items provided by Whole Foods in Oakland. If you were not able to attend or would like a copy of the convening materials and resources, they are available for download.
What Do Tax Policy and the Racial Wealth Divide Have to Do with Each Other? Prosperity Now’s Emanuel Nieves reports.
AC CAN has launched a new LinkedIn page and reactivated our group. Follow us to join the discussion and stay on top of news from the asset building world.
AC CAN Program Committee is a group open to all staff of AC CAN member organizations. If you would like to join AC CAN, submit an application HERE.
- Know Before You Owe: Overdraft Disclosure Prototype: In 2010, federal regulations began requiring financial institutions to obtain a consumer’s consent in advance before charging overdraft fees on most debit card transactions and ATM withdrawals. Consumers who do not opt in to overdraft coverage will generally have debit card purchases and ATM withdrawals declined with no charge if their account doesn’t have enough funds to cover the transaction at the time they attempt it.
- Be informed and take action on current and upcoming legislation from Consumer-Action.org HERE.
- Sept 12: Step Up Silicon Valley Client and Community Engagement 3 Training Series: REGISTER for The Rules of Engagement! How to Help People in Poverty Become More Engaged with Your Program and It’s Services.
- Oct 11 & Dec 13: Want to network nationally with other practitioners in the financial coaching field? Register to join Financial Coaching Network Bimonthly Field Calls, hosted by Prosperity Now. The calls, which will be facilitated by practitioners in the financial coaching field, will cover a variety of topics most pressing to the field, provide useful tips and resources and serve as a peer-learning platform. Most of all, the calls are free! REGISTER
- Nov 2: The California Asset Building Coalition is excited to announce its 6th Annual Asset and Learning Symposium co-hosted with Asset Funders Network! The purpose of the 2017 CABC/AFN Symposium is to generate new ideas and highlight innovative strategies across a range of topics in the asset building and financial empowerment fields in California.
RESOURCES FOR GIG ECONOMY WORKERS & CFPB ADVOCACY – Access handouts and resources from our August 17 Stakeholder Convening. Download materials.
THE EVER-GROWING RACIAL WEALTH GAP: POLICY ORIGINS, POLICY SOLUTIONS (Webinar Materials): Learn about policies like the Earned Income Tax Credit (EITC) that are helping to combat the racial wealth gap and actions we can take to ensure the tax code is helping those who need the most help building wealth, build wealth. Access Handouts
YOUR MONEY, YOUR GOALS: FOCUS ON RE-ENTRY: A companion guide to assist organizations, their staff and volunteers working with justice-involved individuals. Download the guide
BUILDING CREDIT AT THE LOCAL LEVEL: People who have no credit history, insufficient credit history, or no recent credit history may have limited access to credit. Your organization can help people become “credit visible” in a positive way. Read More
2017 PROSPERITY NOW SCORECARD: Get statewide data on asset building.
BAY AREA EQUITY PROFILES: The profiles present demographic trends and assess how well regions are doing to ensure its diverse residents can participate in the region’s economic vitality, contribute to the readiness of the workforce, and connect to the region’s assets and opportunities. Read the Profiles
Urban Strategies Council – Income and Asset Development Consultant (Part-time)
Building Skills Partnerships – Financial Education Specialist
Mission Economic Development Agency – Adelante Fund Director
Mission Economic Development Agency – Policy and Organizing Director
W.K. Kellogg Foundation – Program Officer for Family Economic Security