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…
ABA: First-Time Homebuyers – 6 Tips to Save for the House of Your Dreams
WASHINGTON — According to a 2015 BMO Harris report, 52 percent of Americans plan to buy a home in the next five years. Saving for a down payment, typically between 5 to 20 percent of the home’s value, is one of the biggest challenges for those aspiring homebuyers. In recognition of American Housing Month, the…
ABA: 7 Tips to Help Seniors Live At Home Longer
The ABA Foundation celebrates American Housing Month with practical advice for ‘aging in place’ WASHINGTON — According to the U.S. Census Bureau, approximately 80 percent of individuals age 65 or older own their home. A Georgetown University survey found that a vast majority of these older Americans wish to remain in their homes as they…
CFPB: World Elder Abuse Day: Play a Part in Prevention
It’s World Elder Abuse Awareness Day – it’s not a celebratory day, but rather a day to talk about preventing, identifying, and responding to elder abuse and financial exploitation. Whether you are an older adult, care for one, or simply know someone who is a senior, you can do something to prevent elder financial abuse….
CFPB: 3 Things You Consider Before Co-Signing for an Auto Loan
Young adults with limited or spotty credit histories often ask older family members, such as a parent or grandparent, to co-sign for a loan to help them buy a vehicle. However, co-signing for an auto loan includes real risks and responsibilities. If you’ve been asked to co-sign a loan, you can use or share our…
ABA: How to Stop Elder Financial Abuse Before It Starts
ABA Foundation Commemorates World Elder Abuse Awareness Day with Financial Tips WASHINGTON — In recognition of World Elder Abuse Awareness Day on June 15, the American Bankers Association’s Foundation is working to combat financial abuse of older Americans. A recent study estimated older adults lose $2.9 billion each year to fraud. “Americans 50 years and older control…
ABA: 7 Ways to Avoid Online Fraud
WASHINGTON — Internet fraud continues to be a growing problem in the U.S. According to the FBI’s Internet Crime Complaint Center, in 2014, the agency received approximately 270,000 complaints from consumers who were exposed to online fraud — up from nearly 263,000 in 2013. In recognition of Internet Safety Month in June, the American Bankers Association is…
ABA: 6 Financial Traps New College Graduates Should Avoid
WASHINGTON — As college seniors across the nation graduate and start their careers, their financial lifestyle should be top of mind, says the American Bankers Association. ABA has highlighted six traps new college graduates should avoid to fortify their finances as they transition from the dorm to the office. “Now is the time for college…
FDIC: Resources for Small Businesses During National Small Business Week
The Federal Deposit Insurance Corporation (FDIC) today highlighted the agency’s resources to help small businesses get the most from their banking relationships. The information is being emphasized to coincide with National Small Business Week, May 1-7. Small businesses employ roughly half of all Americans and account for more than 60 percent of net new jobs,…