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Community Financial Access Pilot: creating templates for expanding financial opportunities
This article summarizes some of the major themes and findings from the U.S. Department of the Treasury?s Community Financial Access Pilot (CFAP), a two year effort designed to test and demonstrate effective, replicable, and sustainable approaches to expanding access to financial services and education. Using lessons learned from the CFAP, Treasury is also developing a Bank on USA initiative that will promote access to affordable and appropriate financial services and basic consumer credit products for underserved households.