CFPB: How to Save for Emergencies and the Future
If your car broke down or you had an unexpected trip to the hospital, would you be able to cover the costs? If you don’t have savings, you could wind up borrowing money at high interest rates, which means you’ll owe even more in the long run. You could end up with credit card debt…
FDIC: Encouraging Consumers of All Ages to Set and Achieve Savings Goals
The Federal Deposit Insurance Corporation (FDIC) today is encouraging people to use America Saves Week as an opportunity to develop, or review their progress toward, financial goals. FDIC Chairman Martin J. Gruenberg said, “During America Saves Week, financial institutions and their community partners collaborate to help people of all ages develop and achieve savings goals….
ABA: 7 Worthwhile Ways to Use Your Tax Refund
Average U.S. taxpayer receives nearly $3,000 refund WASHINGTON – According to the Internal Revenue Service, more than 70 percent of the nation’s taxpayers received a tax refund averaging nearly $3,000 in 2017 and will get a similar amount this year. As Americans receive their refunds along with additional benefits coming from the Tax Cuts and…
CFPB: Thinking About Buying a House in 2018? Here’s What You Need to Know
Are you thinking about buying a house this year? We’ve got tools and resources that will help you get your financial house in order as you prepare to look for that perfect place to call home—and shop for a mortgage that’s right for you. Just as in 2017, the supply of homes for sale is…
CFPB: Tax Refund Tips – Understanding Refund Advance Loans and Checks
At this time of year, many people are thinking about filing their tax returns and about if and when they will receive their refunds. When filed electronically (e-file), the IRS issues most tax refunds within 21 days. It can take about six weeks to receive a tax refund for a return filed by mail. Using…
CFPB: Help Is Here for People with Severe Disabilities Struggling with Student Loans
Tens of thousands of disabled veterans and hundreds of thousands of people living with severe disabilities are now eligible for new student loan protections starting this year. What’s new for borrowers with severe disabilities and student debt? Due to a recent change in federal law, borrowers whose student loans are forgiven on or after…
CFPB: Free “Your Money, Your Goals” Tools for Diverse Communities
Financial challenges can happen to anyone regardless of age, income, or location. Just like the people and communities across the nation, the organizations that serve their needs are also diverse. We created Your Money, Your Goals with that diversity in mind. Your Money, Your Goals is a suite of financial empowerment materials that can help organizations…
CFPB: Latest List of Consumer Reporting Companies Available
You may know that your credit record affects your ability to get an affordable loan, a job, an apartment, or many other essentials of daily life. But, do you know where and how to actually request your credit report and what you can do once you order your consumer reports? Over the past few years,…
OCC: Supporting Earned Income Tax Credit Awareness Day
The Office of the Comptroller of the Currency wants more eligible working families to benefit from the Earned Income Tax Credit (EITC) and is promoting EITC Awareness Day on January 26, 2018. “EITC Awareness Day is an important opportunity to educate the American public, and in particular, workers with and low and moderate incomes, about…
CFPB: Looking for a Loan? Find Out How to Know Before You Owe
Many people rely on loans to pay for college, buy a car, or become a homeowner. Taking out a loan can feel overwhelming and can significantly affect your financial future. When you’re taking out a big loan, you have many options and sometimes they can be confusing. That’s why we offer Know Before You Owe,…