CFPB: Don’t Let Marketers Tell You How to Age in Place
We often hear that older Americans want to “age in place.” Aging in place means living at home in the community, rather than in an institutional setting, like a nursing facility. This is the choice most people want to make even if they need services and support to do so. With over ten thousand people…
CFPB: Try One Thing This Summer to Grow Your Child’s Money Skills
Your children go to school to learn math, reading, history, and more. But all year round, they’re absorbing money habits, skills, and attitudes from you. This summer, we challenge you to try one thing that encourages money conversations with your kids. This chart shows ways you can help your children build money skills that can…
CFPB: How to Respond When a Debt Collector Contacts You in Three Easy Steps
By Courtney-Rose Dantus Receiving a call from a debt collector can be stressful. Your first instinct may be to hide or ignore the situation and hope it goes away. But that can make things worse. We have resources to help you respond to debt collectors. 1. First, know your rights There are laws that…
CFPB: How to Help Employees Improve Their Financial Well-Being
Here are eight steps business and HR leaders can take to create a financial wellness program at their workplace. By Dubis Correal Day after day, employees arrive at work carrying the stresses of their lives, and money issues can be part of their stress. Maybe one of your employees has a past-due medical bill…
CFPB: Buying a Home? Watch out for Mortgage Closing Scams
Summer is a busy homebuying season. If you’re in the market for a new home this year, watch out for email phishing scams. According to reports, the scams target homebuyers who are nearing the closing date on their mortgage loan. The scammers attempt to steal the homebuyer’s closing funds—for example, their down payment and closing…
CFPB: Certify Your Service and Stay on Track for Public Service Loan Forgiveness
We often hear from people working hard in public service who are struggling to stay on track with their student loans. Public service employees may be eligible to have their loans forgiven through the Public Service Loan Forgiveness (PSLF) program. After these borrowers make ten years’ worth of qualifying payments (120 payments), the PSLF program…
CFPB: Preventing Financial Exploitation on World Elder Abuse Day
By Stacy Canan June 15, 2017, marks the twelfth annual World Elder Abuse Awareness Day , or WEAAD. This day isn’t likely to show up on your calendar, though it is recognized globally. Elder financial exploitation is one of the most common and devastating forms of elder abuse. It can destroy the financial security of…
CFPB: More than Just Fun – Summer Money Matters for Young Workers
Each summer, millions of young people get their first job. With every first job comes a first paycheck, and that first paycheck is an opportunity for young workers to develop their own financial skills. This important milestone is often when young people first take control of their finances, make choices about various financial products, and…
CFPB: Helping People Plan of Retirement
With help, consumers can better visualize outcomes, plan their decision-making, and make the best decisions about their retirement finances. By Irene Skricki In a recent study, we tested ways to help people better visualize the results of their retirement choices and plan ahead for significant decisions. When people approach retirement age, they have to make…
ABA: How to Protect Your Loved One from Financial Abuse
ABA Foundation offers tips to help families and individuals stop elder financial abuse WASHINGTON — Financial exploitation is one of the most common forms of abuse committed against older Americans. According to a Metlife study, an estimated $2.9 billion is lost annually to scams explicitly targeting seniors. In recognition of World Elder Abuse Awareness Day…