The Consumer Financial Protection Bureau is working with New York City Mayor Michael Bloomberg on a nationwide expansion of his local Cities for Financial Empowerment program. As reported by the mayor, the campaign "has given tens of thousands of low-income New Yorkers professional, free, and confidential advice about managing their financial lives and helped protect consumers from those who try to take advantage of them when their financial lives are in crisis." Now, other municipalities will be able to receive disbursements from the funding arm of the initiative in order to start their own pilots that include financial counseling centers for low-income individuals. Denver, Nashville, and Philadelphia have already signed on for the Financial Empowerment Center drive. "This combination of financial counseling, education, and fair enforcement is more important now than ever, in New York and across the nation," Bloomberg declared.
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