FDIC: Tips on Choosing and Using the Right Bank Account
Having a bank account brings important benefits, including deposit insurance and access to a variety of financial services. The latest FDIC Consumer News features simple tips on how to choose and manage a checking or savings account wisely. The Summer 2016 edition also has articles on depositing a check using a smartphone or tablet, avoiding credit and…
CFPB: 30 New Your Money, Your Goals Partners to Help Low-Income Consumers Announced
We’re working to expand the reach of Your Money, Your Goals to more consumers, so we’ve selected 30 new organizations across the country to implement Your Money, Your Goalstraining with their frontline staff. These organizations include state and local government agencies, social services, legal aid, volunteer-based, and worker organizations, and a consortium of three consumer development financial institutions….
CFPB: Tools and Resources for Money Decisions
We understand that during your life you might face complex and important decisions about your money and finances, like how to choose and use a credit card or how to determine if you can qualify for a mortgage. An important part of our mission is to empower you to take control of your financial life…
ABA to Congress: Smart Policies Allow Banks to Innovate, Partner with FinTech Startups
Nichols says trusted customer relationships are paramount to success WASHINGTON — Banks are innovating and partnering with startups to help benefit their customers, but smart policies are key to facilitating a modern, high-tech system, according to testimony from American Bankers Association president and CEO Rob Nichols before the House Financial Services Subcommittee on Financial Institutions and Consumer…
ABA: 7 Ways to Avoid Online Fraud
WASHINGTON — Internet fraud continues to be a growing problem in the U.S. According to the FBI’s Internet Crime Complaint Center, in 2014, the agency received approximately 270,000 complaints from consumers who were exposed to online fraud — up from nearly 263,000 in 2013. In recognition of Internet Safety Month in June, the American Bankers Association is…
ABA: 6 Financial Traps New College Graduates Should Avoid
WASHINGTON — As college seniors across the nation graduate and start their careers, their financial lifestyle should be top of mind, says the American Bankers Association. ABA has highlighted six traps new college graduates should avoid to fortify their finances as they transition from the dorm to the office. “Now is the time for college…
FDIC: Report Shows Mobile Banking Can Help Underserved Consumers
Mobile banking can help underserved consumers obtain more control over their finances and increase access to mainstream banking, according to a Federal Deposit Insurance Corporation (FDIC) report released today. The report was released at a meeting of the FDIC’s Advisory Committee on Economic Inclusion (ComE-IN), which focused on Mobile Financial Services (MFS). The paper, Opportunities for…
OCC: Perspective on Responsible Innovation Published; Feedback Solicited
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today published its perspective on responsible innovation in the federal banking system and solicited feedback on what more it could do to support innovation that better serves consumers, businesses, and communities. In Supporting Responsible Innovation in the Federal Banking System: An OCC Perspective, the agency summarizes its…