CFPB: Use an Ordinary Trip to the Grocery Store to Explain Finances to your Kid as you go
We all know our kids are always watching and learning (even when we wish they weren’t). This applies to the way you use and manage money as well. Every day, you make decisions about money that might not be visible to your kids. For example, they may not know that you set a budget for…
CFPB: Tips for Tax Preparers to Use to Help People Save and Build Assets During Tax Time
Saving money can be hard, especially for people who are living paycheck to paycheck. Often, people who are struggling to make ends meet don’t have enough money to save, or a way to transfer money automatically into a savings account. That’s why once a year when consumers file their tax returns may be a time…
ABA: 10 Money Mistakes College Freshmen May Soon Regret
As college freshmen begin arriving on campuses across the country, the American Bankers Association Foundation is highlighting common money mistakes many of their predecessors wish they had avoided. “Most college freshmen are getting a taste of economic freedom for the first time, and they may not realize that small expenses can add up really quickly,”…
CFPB: Three Steps to Help Make Tough Choices in Tight Moments
When bills are piling up, it’s important to remember that you’re still in control. While you are ultimately responsible for paying all of your bills on time, there are things you can do if you fall short one month and don’t have enough money to cover everything. Follow our three easy tips that can help…
CFPB: Denied for a Bank Account? Here’s What You Should Know
You may have heard that we recently determined that JPMorgan Chase Bank, N.A. (Chase) violated the Fair Credit Reporting Act (FCRA) in connection with its furnishing of consumer deposit account information to specialty consumer reporting companies. Specialty consumer reporting companies collect information and provide reports about how consumers use their deposit accounts. These companies are…
CFPB: Three Tools to Help Your Homebuying Process
Buying a home is exciting. It’s also one of the most important financial decisions you’ll make. Choosing a mortgage to pay for your new home is just as important as choosing the right home. You have the right to control the process. Check out our other blogs on homebuying topics, and join the conversation on…
CFPB: Don’t Let Marketers Tell You How to Age in Place
We often hear that older Americans want to “age in place.” Aging in place means living at home in the community, rather than in an institutional setting, like a nursing facility. This is the choice most people want to make even if they need services and support to do so. With over ten thousand people…
CFPB: How to Respond When a Debt Collector Contacts You in Three Easy Steps
By Courtney-Rose Dantus Receiving a call from a debt collector can be stressful. Your first instinct may be to hide or ignore the situation and hope it goes away. But that can make things worse. We have resources to help you respond to debt collectors. 1. First, know your rights There are laws that…
CFPB: How to Help Employees Improve Their Financial Well-Being
Here are eight steps business and HR leaders can take to create a financial wellness program at their workplace. By Dubis Correal Day after day, employees arrive at work carrying the stresses of their lives, and money issues can be part of their stress. Maybe one of your employees has a past-due medical bill…
CFPB: Buying a Home? Watch out for Mortgage Closing Scams
Summer is a busy homebuying season. If you’re in the market for a new home this year, watch out for email phishing scams. According to reports, the scams target homebuyers who are nearing the closing date on their mortgage loan. The scammers attempt to steal the homebuyer’s closing funds—for example, their down payment and closing…