Coronavirus Aid, Relief, and Economic Security (CARES) act Summary Presentation - PDF
FIWB has prepared these slides in response to one of the common themes that emerged in our brief survey of FOCs: that there’s a near-constant barrage of news and information, with policies, guidance, conditions, etc. changing almost by the day, and it can be difficult to sift through everything and discern what’s real and relevant and for whom. With this deck we attempt to summarize some of the key new policies and resources that are most relevant to FOC clients and coaches (e.g. the economic impact payments, unemployment assistance, housing relief). This summary’s primary audience is frontline FOC staff, and we hope it will be useful as an explainer to help answer questions, manage expectations, and navigate resources with FOC clients.
Please note, this document represents LISC’s best attempt to understand and summarize the myriad of resources and guidance out there, based on publicly-available information as of 4/13/2020. We expect that things will continue to evolve, and we’ll attempt to update the slides periodically as new information emerges.
Navigating Financial Impacts of COVID-19 - PDF
This list of external resources prepared by LISC this is a quick cheat sheet of resources of tools and resources relevant to supporting Financial Opportunity Center program officers, staff, and clients. This includes information on Unemployment Insurance, housing, medical insurance, and more.
This IRS site now links directly to the FDIC webpage that can help unbanked consumers find banks that will open accounts for them online, in some cases, even with a $0 balance. They can then return to the IRS site and enter their account number to receive their payment quickly and safely. We hope that this will help make it easier for more people to get into the mainstream banking system when the importance of being banked is becoming more acute.
A helpful list of action steps created by Bankrate Smart Money for those who have been financial effected by the Coronavirus.
Surviving Debt: Expert Advice For Getting Out of Financial Trouble -"While coronavirus (COVID-19) is primarily creating a health emergency, it is also causing financial havoc for the most vulnerable American families. The National Consumer Law Center remains focused on advocating for consumers and their financial welfare, and helping you do the same. By offering free resources and discounts on new subscriptions, the Publications team hopes to help facilitate your advocacy on behalf of consumers."
Aspen is launching a webinar series on financial stability and COVID-19. This series runs April 15th through June 17th