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: Supervisory Insight’s Summer Edition Focused on De Novo Formation
The Federal Deposit Insurance Corporation (FDIC) today issued “De Novo Banks: Economic Trends and Supervisory Framework,” which appears in the Summer 2016 issue of Supervisory Insights. The article provides an overview of trends in de novo formation; the process by which the FDIC reviews applications for deposit insurance; the supervisory process for de novo institutions; and steps the FDIC is taking…
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: New Advisory Board and Council Members Announced
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) announced the appointment of new consumer experts from outside the federal government to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. The four bodies provide advice to CFPB leadership on a broad range of consumer financial issues and…
Federal Reserve: Facebook Page Launched
The Federal Reserve Board launched a Facebook page on Thursday with the aim of increasing the accessibility and availability of Federal Reserve Board news and educational content. Posts will include press releases, speeches, testimony, reports, educational materials, frequently asked questions, photos, and videos. With the launch of its Facebook page, the Board now shares information on five…
Interagency Guidance: 2015 Small Business, Small Farm and Community Lending Data Available
The three federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) with Community Reinvestment Act (CRA) responsibilities — the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency — announced today the availability of data on small business, small…
CFPB: Bureau Finds Consumers Complain of Needless Hurdles in Applying For Lower Student Loan Payments
WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) Student Loan Ombudsman released a report finding consumers complain of servicing problems that make it difficult to get lower student loan payments tied to their income. Student loan borrowers seeking to take advantage of income-driven repayment plans with their federal student loans complain to the CFPB…
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…