FDIC: Consumer Newsletter Features Shopping Tips for Loans and Credit Cards
Many people searching for a new loan or credit card may not be in the best position to get the right product for their needs and at the lowest possible cost. The latest FDIC Consumer News features tips on how to be better informed and better prepared before applying for credit while avoiding costly mistakes. The Fall 2015 edition…
CFPB: Tool Released To Help Measure Financial Well-Being
Resource Will Provide Questions Financial Educators Can Use to Assess the Financial Wellness of Consumers WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) is releasing a tool to measure consumer financial well-being, based on a definition that the Bureau released in January 2015. This first-of-its-kind tool provides questions that educators and others working to…
CDFI Fund: Winners of Innovation Challenge Announced
Today, the Community Development Financial Institutions Fund (CDFI Fund) announced the winner of its 2015 Innovation Challenge. The winner, Association for Enterprise Opportunity (AEO), has been awarded a one-year contract to test an innovative way of partnering Community Development Financial Institutions (CDFIs) with small businesses in low-income areas that need investment. “I am very proud…
ABA: 7 Bad Spending Habits To Avoid This Holiday Season
7 Bad Spending Habits to Avoid This Holiday Season WASHINGTON — As consumers across the country prepare to shop for holiday deals, the American Bankers Association is highlighting seven habits that shoppers should avoid to minimize their holiday spending debt. “The holiday season is an exciting and inspiring time of the year that promotes giving,…
CFPB: “Planning for Retirement” Tool Released to Help Consumers Decide When To Claim Social Security
CFPB Report Shows Many Consumers Base Critical Claiming Decision on Limited Information WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) released “Planning for Retirement,” an interactive, online tool designed to help consumers decide when to claim their Social Security retirement benefits. According to a report released by the CFPB, many older Americans are relying…