CFPB: Youth Financial Education Initiatives Unveiled
Bureau Releases Report on Teaching Financial Fundamentals and Offers a Tool for Educators Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) today unveiled new resources for financial educators including Building Blocks to Help Youth Achieve Financial Capability, a report that presents a new financial capability developmental model and makes recommendations for financial education. Based on the developmental…
CFPB: Four Ways to Support Your Community’s Fight Against Elder Financial Expoitation
Four ways to support your community’s fight against elder financial exploitation Financial exploitation robs millions of older people of their money and property every year. To prevent and respond to the crisis of elder financial exploitation, people are working together in hundreds of communities across our nation. These networks of people bring together, among others,…
CFPB: Guide and Best Practices Issued to Help Communities Create Protection Partnerships for Seniors
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) released a report that found that hundreds of counties around the country have developed coordinated community-based efforts to prevent, detect, and respond to elder financial exploitation. The report also found that a strong collaboration among community stakeholders – like financial institutions, adult protective services, and law…
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: New Advisory Board and Council Members Announced
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) announced the appointment of new consumer experts from outside the federal government to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. The four bodies provide advice to CFPB leadership on a broad range of consumer financial issues and…
CFPB: Bureau Finds Consumers Complain of Needless Hurdles in Applying For Lower Student Loan Payments
WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) Student Loan Ombudsman released a report finding consumers complain of servicing problems that make it difficult to get lower student loan payments tied to their income. Student loan borrowers seeking to take advantage of income-driven repayment plans with their federal student loans complain to the CFPB…
CFPB: Tips and Resources for Enrolling in an Income-Drive Repayment Plan
Lost paperwork? Unexpected and lengthy delays? Different answers each time you call your servicer with questions? Every day, we hear from borrowers experiencing these problems as they struggle to repay their student loans. We’re here to help. If you have federal student loans and are trying to make your payments more affordable, you can change your repayment…
CFPB: The ABCs of Money Management for Military Kids
Back-to-school season is an opportunity for military parents to teach their children money management lessons. The lessons aren’t hard to teach. Parents can start with a few basic guidelines that are as easy as A, B, C. In just a few short weeks, military families across the country and at installations overseas will begin the…
CFPB: How Parents Can Help Kids Be Smarter About Money In Everyday Situations
Over the past few months, we have written about ways parents can help put their children on a solid financial path—by developing a savings habit, by reading books with them, and by using our activities and conversation starters. Now, we’d like to offer an approach you can use anytime, anywhere, with children of all ages: Explain money as…
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…