ABA: Six Banks Honored with Community Commitment Awards
Categories range from affordable housing to community and economic development WASHINGTON — The American Bankers Association Foundation has recognized six banks for their noteworthy corporate social responsibility with a 2016 Community Commitment Award. The awards were given to banks for their efforts in categories ranging from affordable housing to community and economic development. Winners will…
FDIC: Professor Manju Puri Named as Director of Center for Financial Research
The Federal Deposit Insurance Corporation (FDIC) today announced that Professor Manju Puri, Ph.D., will serve as the director of the FDIC’s Center for Financial Research for two years starting October 1. She is currently the J. B. Fuqua Professor, Finance, at the Fuqua School of Business at Duke University. “We are fortunate to have such…
CFPB: 4 Strategies to Help Youth Achieve Financial Capability
Today, we released a report, “Building Blocks to Help Youth Achieve Financial Capability,” which describes how young people acquire the “building blocks” of financial capability to help them navigate the financial marketplace as adults. The building blocks are: 1) executive function, 2) financial habits and norms, and 3) financial knowledge and decision-making skills. These building…
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…
ABA: Foundation Seeking Hosts for 7th Annual Lights, Camera, Save! Video Contest
Local banks urged to sponsor teen competition WASHINGTON — The American Bankers Association Foundation is urging local banks to participate in its Lights, Camera, Save! video contest. Lights, Camera, Save! is a national contest that encourages teens to use video to communicate the value of sound money management. Through Lights, Camera, Save!, teen participants will create a…
CFPB: Immigrants Facing Unique Financial Challenges
Immigrants make up a large number of consumers in America, with over 41 million living in the United States. For the subset of immigrants who don’t speak English well, accessing and using financial products and services can be a challenge. Today, the CFPB is releasing a report on financial education programs serving immigrant populations. Language barriers…
CFPB: Money Conversations With Kids Made Easier With CFPB Money As Your Grow Book Club
With our newly launched Money as You Grow book club, you can use children’s books to discuss money concepts through reading, play, and one-on-one talks. Research shows that parents and caregivers have the most influence on their children’s financial capability. If you’re like most parents, you probably recognize this—and you’re interested in setting your kids…
CFPB: Student Loan “Payback Playbook” Unveiled
WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) unveiled the student loan Payback Playbook, a set of prototype disclosures that outline a path to affordable payments for borrowers trying to avoid student debt distress. The Payback Playbook provides borrowers with personalized information about their repayment options from loan servicers so they can secure a…
ABA: Bankers Celebrate 20 Years Teaching Children to Save on April 29
Estimated 450,000 children will be reached in 2016 through Teach Children to Save WASHINGTON — More than 13,000 bankers will host financial education events across the country this week in celebration of the 20th annual Teach Children to Save Day on April 29. Since 1997, Teach Children to Save and the ABA Foundation’s financial education initiatives have…