CFPB: New Podcast Series Announced Focused on Paying for Higher Education
The Consumer Financial Protection Bureau (Bureau) today released the first episodes of a two-part podcast series for students, parents, and practitioners on managing finances before, during, and after college. The podcast series, Financial inTuition, will include interviews with experts in financial aid, student loans, financial coaching, and planning. The podcasts also will highlight the Bureau’s…
CFPB: New Online Tool Released to Help College Students Determine How to Pay for College
To help students navigate paying for college, the Consumer Financial Protection Bureau (Bureau) today released the “Your Financial Path to Graduation” web tool designed to help students clearly understand the total cost of attending college and make informed decisions about paying for their education. “Your Financial Path to Graduation” helps students turn financial aid offers…
ABA: Bankers Celebrate Financial Capability Month by Taking Teach Children to Save Online
While schools may be closed due to COVID-19, bankers across the country are finding new and innovative ways to share the Teach Children to Save program this year, including virtual financial education lessons for children across the nation. Since 1997, the ABA Foundation’s financial education initiatives have reached 11.1 million young people through more than…
HUD: $24 Million Awarded to Help Children in Foster Care
Today, the U.S. Department of Housing and Urban Development (HUD) awarded $24.4 million to public housing authorities nationwide through the Family Unification Program (FUP). This funding will make more than 1,900 vouchers available for families who are unable to secure affordable housing for their children or dependents, and former foster youth at risk of homelessness. Housing…
ABA: California Teen Named Grand Prize Winner of National Video Contest
‘Lights, Camera, Save!’ inspires kids and teens to save during America Saves Week Michaela Oh, a 16-year-old student at Whitney High School in Rocklin, Calif., is the national winner of the American Bankers Association Foundation’s Lights, Camera, Save! video contest. Lights, Camera, Save!, which launched in 2010, is a unique national competition that encourages kids to…
ABA: Foundation Launches Social Media Contest for Lights, Camera, Save! Finalists
Cast your vote for ‘Savers’ Choice’ by Feb.19 The American Bankers Association Foundation is hosting a social media contest to allow viewers nationwide to vote for their favorite Lights, Camera, Save! video entry. Lights, Camera, Save! is an annual video contest that encourages teen participants to produce a short film that communicates the importance of…
HUD: Additional $260,000 Announced to Public Housing Authorities to Assist Young People Aging Out of Foster Care
Today, U.S. Housing and Urban Development (HUD) Secretary Ben Carson announced an additional $258,606 in funding for HUD’s new Foster Youth to Independence (FYI) Initiative. Seven housing authorities will receive this funding, continuing HUD’s efforts to assist young adults transitioning out of foster care and who are at risk of homelessness. Last month, HUD awarded nearly $500,000…
CFPB: U.S. Department of Education and CFPB Sign Memorandum of Understanding to Better Serve Student Loan Borrowers
The Consumer Financial Protection Bureau (Bureau) and the U.S. Department of Education (ED) announced a new coordination agreement in order to better serve student loan borrowers. Under the newly signed Memorandum of Understanding (MOU) the agencies will share complaint information from borrowers and meet quarterly to discuss observations about the nature of complaints received, characteristics…
ABA: America’s Banks Aim to Reach “One Million Minds” through ABA Foundation Financial Education Initiatives in 2020
ABA Foundation programs call for banker volunteers to join growing, industry-wide efforts designed to help local communities The American Bankers Association Foundation today launched its 2020 financial education registration campaign, calling on banker volunteers to register for a range of successful, industry-wide programs designed to enhance financial education across the country. In its continued effort to build…
HUD: Nearly $500,000 Awarded to Public Housing Authorities to Help Young People Aging Out of Foster Care
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today awarded $482,000 to four housing authorities to assist young people aging out of foster care and who are at risk of experiencing homelessness. See chart below. Secretary Ben Carson made the announcement during an interview with Jericka Duncan on CBS This Morning. Funded through HUD’s new Foster…