FDIC: FDIC Consumer News Issues Warning About 10 Scams Targeting Bank Customers
The FDIC often hears from bank customers who believe they may be the victims of financial fraud or thefts. The Summer 2017 FDIC Consumer News alerts the public to common scams and provides basic tips for protecting personal information and money. Topics include: An overview of 10 schemes bank customers need to be aware of,…
CFPB: Take the Quiz to See How Prepared You Are to Make Financial Decisions
When it comes to making financial decisions, do you feel prepared? For example, if you need to buy a new car, are you prepared to make the financial decisions that come with taking out an auto loan? What if you are ready to get a new credit card? How will you decide which one offers…
FHFA: Request for Input to Improve Access to Credit for Qualified Mortgage Borrowers with Limited English Proficiency
Washington, DC – The Federal Housing Finance Agency (FHFA) today issued a Request for Input on issues facing qualified mortgage borrowers with Limited English Proficiency (LEP) throughout the mortgage life cycle process, including lending and servicing. FHFA’s 2017 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions, requires Fannie Mae and Freddie Mac (the…
CFPB: New Information Will Help U.S. Improve Financial Literacy
New information released today shows how well American teens understand financial concepts and can apply them to their own situations. The Organisation for Economic Co-operation and Development (OECD) published results of the 2015 Programme for International Student Assessment (PISA) financial literacy assessment. This new information will help us develop targeted programs and initiatives to ensure…
CFPB: “Your Money, Your Goals” Webpage Has New Look and New Financial Empowerment Tools
We’ve recently updated the Your Money, Your Goals webpages to make it simpler for staff and organizations to access our tools. This suite of financial empowerment materials provides frontline staff and volunteers at organizations across the country with information to use when having conversations about money with the people they serve. The updates include new…
CFPB: Office of Servicemember Affairs Guides Military through Financial Hurdles
We’re releasing our fifth annual servicemember report, The Office of Servicemember Affairs: charting our course through the military lifecycle. Servicemembers matter. We created this report to highlight some of the most common financial struggles servicemembers face during their military careers. These struggles are well documented in the over 74,000 complaints we have handled from the military…
OCC: Upcoming Financial Literacy Events
Financial Literacy Seminar Series in D.C. May 2017 (Washington, D.C.) The Board of Governors of the Federal Reserve System and the Global Financial Literacy Excellence Center (GFLEC) at George Washington University sponsor this initiative bringing together academics, practitioners, policymakers, and other experts to present and discuss cutting-edge research in financial literacy. Financial Coaching Fundamentals and…
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: 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…
FDIC: Advisory Committee on Economic Inclusion to Meet This Week
The Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion (ComE-IN) will meet on Thursday, April 27 to discuss measures banks may consider to reach underserved populations, such as collaborations with community-based organizations; resources for affordable mortgage lending; and new research that may be used to more effectively target resources to promote broader access…