With this grant, Capital Area Asset Builders (CAAB) will expand the organization’s reach within the two most economically depressed Wards of the District of Columbia. In addition to an expanded library partnership, the organization will also expand the availability of the Overdraft Avoidance educational module in the LifeCents software. LifeCents is a widely-utilized software, though an overdraft avoidance module was until now developed for and only visible to CAAB customers. A portion of award funding will enable CAAB to pay the software development company of LifeCents to integrate the overdraft fee module into the mainstream LifeCents software that is utilized by low- and moderate-income individuals across the District by other providers. All together, this project will provide information about overdraft fees to 3,000 low- and moderate-income individuals in the DC Metropolitan Region.
Capital Area Asset Builders
Healthy, Wealthy, and Wise
Consumer Financial Education Fund, 2019