CFPB: VA Refinancing Offers that Sound Too Good to Be True
By Patrick Campbell and Anthony Vail – NOV 20, 2017 Situation The CFPB and VA are issuing their first WARNO, “Warning Order,” to servicemembers and veterans with VA home loans. If you have a VA home loan, then there is a good chance that you have already come into contact with unsolicited offers to refinance…
CFPB: Tips for Servicemembers with Student Debt
The unique nature of life in the military can create financial challenges for servicemembers. This is especially true for servicemembers with student loans. We routinely hear from servicemembers who enter military service not simply with student loans, but because of them. And yet, military borrowers continue to tell us about the obstacles they face when…
Census Bureau: Highlighting Our Nation’s Veterans with the New “The Wealth of Veterans” Report
The U.S. Census Bureau will release a new report “The Wealth of Veterans” that uses data from the 2014 Survey of Income and Program Participation to look at how military service may influence the lifelong financial well-being of veterans. The report describes differences in the components of wealth between male veteran householders and nonveteran householders…
SBA: Celebrating National Veterans Small Business Week 2017 Oct. 30 through Nov. 3
The U.S. Small Business Administration will celebrate veteran, service member, National Guard and Reserve members, and military spouse entrepreneurs during National Veterans Small Business Week, Oct. 30-Nov. 3. “Veteran-owned businesses are a critical pillar of the U.S. economy as they contribute more than $1.14 trillion to the nation’s annual total sales and receipts,” SBA Administrator…
CFPB: Service Members Should Secure Their Identity after the Equifax Data Breach
If you were one of the many servicemembers and their families affected by the recent Equifax data breach, it is time for you to secure your identity. Thankfully, active duty servicemembers have special tools at their disposal, like active duty alerts or a security freeze, to reduce the risk of identity theft. Here is a CFPB operation order for…
Census Bureau: New Report on the Characteristics of Female Veterans
A new report on the characteristics of female veterans released today by the U.S. Census Bureau shows that early-career aged female veterans (18 to 34 years old) were more likely to be employed, married and have a child in their home than early-career aged female nonveterans. This report, which uses 2015 American Community Survey data,…
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…
SBA: Competition for Organizations Providing Federal Procurement Training to Veteran Entrepreneurs Announced
WASHINGTON – The U.S. Small Business Administration today announced the Veteran Federal Procurement Entrepreneurship Training Program (VFPETP-2017-01) funding opportunity competition. The funding will be given to a U.S.-based organization to expand an existing program providing federal procurement entrepreneurship training to veteran-owned small businesses and service-disabled veteran-owned small businesses, while building the capacity of VOSBs and SDVOSBs…
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…
SBA: Funding Awarded to Organizations Offering Entrepreneurship Training to Women Veterans and Military Spouses
WASHINGTON – The U.S. Small Business Administration this week announced the awarding of $300,000 in Women Veteran Entrepreneurship Training Program grants to three organizations offering small business development resources to women veterans and military spouses. The funding opportunity, offered by SBA’s Office of Veterans Business Development, supports each organization’s entrepreneurial training programs for women who are…