In October 2017, the Chicago City Treasurer's Office and the Chicago Mayor’s Office for People with Disabilities (MOPD) launched the Financial Advisory Council for the Empowerment of people with Disabilities (F.A.C.E.D.). Co-chaired by City Treasurer Kurt Summers and MOPD Commissioner Karen Tamley, F.A.C.E.D. is a first-of-its-kind advisory council that aims to address challenges with access to banking and financial education in the disability community, where the need is often the greatest. F.A.C.E.D. members include a broad range of stakeholder groups, ranging from federal, state, and local government agencies to community organizations and educational institutions.
To date, F.A.C.E.D. has held three meetings, with the initial meeting held during 2017 National Disability Employment Awareness Month. These meetings have led to the formation of two sub-committees, one focused on banking access and the other focused on resources and engagement. The banking access sub-committee works with financial institutions to encourage more accessible banking products and to advance financial literacy within the disability community. The resources and engagement sub-committee amplifies financial education opportunities, sources challenges, and identifies solutions for the disability community. F.A.C.E.D. will continue to meet on a quarterly basis, providing an ongoing platform for improving the financial health for this underbanked community in the City of Chicago and beyond.