Introducing the Financial Empowerment Innovation Fund

The U.S. Department of the Treasury created the Financial Empowerment Innovation Fund, an initiative designed to facilitate informed decision making amongst American families by providing increased access to knowledge and tools that promote financial capability. The Treasury will be allocating approximately six million dollars to research contracts that explore and test promising practices in this field. The Treasury is particularly interested in strategies that incorporate technology and focus on the needs of low- and moderate-income households.