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…
ABA: 6 Financial Traps New College Graduates Should Avoid
WASHINGTON — More than 70 percent of college graduates began their career owing more than $37,000 in student loans in 2016. Considering this debt load and other living expenses that lead young adults to delay major life events like getting married or buying a home, it’s critical for new college graduates to focus on their…
ABA: 5 Ways to Protect Your Small Business from Ransomware Attacks
National Small Business Week is April 30- May 6 WASHINGTON — Ransomware has become one of the fastest growing malware threats to small businesses in recent years. According to the FBI, in 2015, more than $1.6 million was lost due to ransomware attacks. The popular malware is used by cybercriminals to freeze business networks and…
CFPB: Making the Decision to Rent or Buy
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 Facebook…
CFPB: Thinking About When You’ll Claim Social Security Benefits Is Time Well Spent
How much will you receive from Social Security when you claim your retirement benefits? If you don’t know, you’re not alone. According to a recent study , one in five people are guessing how much their Social Security retirement benefit will be each month. As it turns out, your prediction might be off by quite…
ABA: What You Need to Know About the Grandparent Scam
WASHINGTON — According to the Federal Trade Commission, the agency received more than 400,000 complaints in 2016 from consumers reporting they were victims of impersonation scams. One of the most common is called the “Grandparent Scam,” which uses impersonation tactics to deliberately target and exploit older Americans. To commit this crime, fraudsters call claiming to…
ABA: 6 Financial Tips for Service Members and Their Families
WASHINGTON — As National Military Appreciation Month begins, we are reminded of the many sacrifices that service members and their families make to protect our nation. In honor of their service, the American Bankers Association has highlighted six financial tips to help military families reduce the stress of managing money. “Finances are often identified by…
CFPB: Thinking About When You’ll Claim Social Security Benefits Is Time Well Spent
How much will you receive from Social Security when you claim your retirement benefits? If you don’t know, you’re not alone. According to a recent study , one in five people are guessing how much their Social Security retirement benefit will be each month. As it turns out, your prediction might be off by quite…
CFPB: Get Money Smart
Here at the CFPB, we support Money Smart Week (April 22–29) as part of Financial Literacy Month. Throughout the United States, consumers like you are invited to thousands of free financial education classes and seminars held by local and regional organizations. The classes and seminars cover a wide variety of money-management topics such as buying…
ABA: 7 Tips Millennials Can Bank On
WASHINGTON — As millennials face unprecedented financial burdens such as student debt, the American Bankers Association is highlighting seven money tips to help them plan for a financially sound future. “With student debt and high housing costs creating challenges for many millennials, now is a better time than ever for them to map out their…