2020 Your Money, Your Goals cohort draws 34 organizations, bureau reports

Thirty-four organizations – 25 nonprofits and nine government entities – have joined the 2020 cohort under the consumer financial protection agency’s Your Money, Your Goals initiative, the agency said in a blog post Thursday.

The Consumer Financial Protection Bureau (CFPB) says it’s working to expand the reach of Your Money, Your Goals to more providers serving economically vulnerable people across the country. This year’s participants are located or headquarter in 22 states; the bureau said at least 10 serve rural communities, and three have multi-state or national footprints.

There were 40 organizations in the 2019 cohort.

The bureau notes that each year, selected organizations receive training and technical assistance to strengthen their ability to serve people in their own communities experiencing financial challenges. Cohort participants will focus on materials such as booklets on common financial stressors, including debt, credit, savings and bills; activities will incorporate the bureau resources to support consumers working to build emergency savings.

Many participants, it said, will also receive training on companion guides and tools to help them meet the unique needs of people with disabilities, Native communities and those involved in the justice system.

The bureau again is providing access to its report on 2016 and 2017 cohort outcomes, linked here.

Thirty-four organizations join the 2020 Your Money, Your Goals Cohort