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: 10 Money Mistakes Every College Freshman Should Avoid
WASHINGTON — With the fall semester well underway, the American Bankers Association is highlighting common money mistakes college freshmen should avoid to remain financially fit through graduation. “Freshman year marks the first time many students take control of their everyday finances, so it’s important to establish good habits from the get-go,” said Corey Carlisle, executive…
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…
FDIC: Tips on Choosing and Using the Right Bank Account
Having a bank account brings important benefits, including deposit insurance and access to a variety of financial services. The latest FDIC Consumer News features simple tips on how to choose and manage a checking or savings account wisely. The Summer 2016 edition also has articles on depositing a check using a smartphone or tablet, avoiding credit and…
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: 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…