ABA: 6 Financial Tips for Service Members and Their Families
WASHINGTON — As National Military Appreciation Month begins, we are reminded of the many sacrifices that service members and their families make to protect our nation. In honor of their service, the American Bankers Association has highlighted six financial tips to help military families reduce the stress of managing money. “Finances are often identified by…
SBA: National Small Business Week 2017 Kicks Off April 30
WASHINGTON –U.S. Small Administration kicks off National Small Business Week 2017 on April 30 in the nation’s capital by having SBA Administrator Linda McMahon recognize and award the nation’s top small businesses, entrepreneurs, small business advocates and champions. Since 1963, the president of the United States has issued a proclamation calling for the celebration of…
Federal Reserve: Where Do Banks Fit in the FinTech Stack?
Speech Governor Lael Brainard At the Northwestern Kellogg Public-Private Interface Conference on “New Developments in Consumer Finance: Research & Practice” We can learn a lot from the evolution of smartphones as we try to envisage where the fintech ecosystem–and banks’ role within it–might be heading in the future. Smartphones have ushered in an age when…
OCC: Financial Literacy Event on Capitol Hill Recognizing National Financial Capability Month
WASHINGTON — The Office of the Comptroller of the Currency (OCC) recognized National Financial Capability Month by participating in the annual Financial Literacy Day event held on Capitol Hill. The event is the culmination of activities throughout National Financial Capability Month. At today’s event, the OCC staff distributed financial capability materials including the agency’s Financial…
CFPB: Thinking About When You’ll Claim Social Security Benefits Is Time Well Spent
How much will you receive from Social Security when you claim your retirement benefits? If you don’t know, you’re not alone. According to a recent study , one in five people are guessing how much their Social Security retirement benefit will be each month. As it turns out, your prediction might be off by quite…
SBA: National Small Business Week Kicks Off in Washington, D.C. April 30 – May 1
WASHINGTON – Administrator Linda McMahon, the head of the U.S. Small Business Administration, will be the keynote speaker to kick off the first leg of the 2017 National Small Business Week events in Washington, D.C. on April 30 and May 1. Small businesses, industry leaders and other award winners from around the country will converge…
FHFA: Index Shows Mortgage Rates Decreased in March
Washington, D.C. – Nationally, interest rates on conventional purchase-money mortgages decreased from February to March, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.12 percent for loans closed in late March, down 15 basis points from 4.27…
CFPB: Tracking Success | A Core Set of Financial Outcomes for Financial Empowerment Programs
Today, we’re releasing a core set of financial outcomes to help human services organizations demonstrate the value of building financial empowerment and capability initiatives into their work. Many of these organizations help people access housing, jobs, emergency assistance, or other services they may need to address crises, achieve economic independence, or build assets. Including financial…