CFPB: Veterans with Severe Disabilities May Be Eligible for Federal Student Loan Discharge Tax-Free
The Departments of Education and Veterans Affairs (VA) have teamed up to notify veterans with severe disabilities that they may be eligible to have their federal student loans discharged tax-free. The Bureau has previously highlighted for years the opportunity to obtain a disability discharge. So, we are pleased to share with you the details of…
CFPB: Share Financial Information with Your Spouse Now to Avoid Problems Later
It’s common for couples to share their financial lives but not the responsibility for managing household finances. It might be time-consuming for both of you to review your bills, as well as spending and savings plans each month. But if responsibilities unexpectedly shift due to a sudden illness or loss of a spouse, getting up…
ABA: 6 Smart Money Moves for New College Graduates
More than 70 percent of college graduates began their career owing more than $37,000 in student loans in 2017. Considering the additional living expenses they’ll soon face, new college graduates would be wise to focus on their financial future right now, says the American Bankers Association. ABA has highlighted six smart financial decisions college graduates…
CFPB: 3 Common Credit Issues and What You Can Do to Fix Them
Your credit history can determine if you can get a loan, and even where you live or work. Credit scores are built from your credit history and can determine how much you pay to borrow money for a car or house. Yet, many people don’t know where to start when it comes to building, improving,…
FEMA: Agency and Federal Partners Encourage Families to Save for a Rainy Day
Over 40 percent of adults cannot cover an emergency expense of $400 FEMA, in partnership with the U.S. Department of Treasury and the Financial Literacy and Education Commission (FLEC), celebrates Financial Capability Month by reminding individuals and families that the time to prepare for the financial cost of unexpected emergencies is long before an emergency…
ABA: 6 Tips for Your Financial Spring Cleaning
As Americans kick off the spring season by cleaning, sorting and tidying up around the house, the American Bankers Association is encouraging consumers to add financial organization to their spring cleaning to-do list. To help, ABA has highlighted six tips for organizing your financial house. “People are motivated to get things done when the weather…
CFPB: 4 Tips to Spring Clean Your Finances
By Liane Weissenberger Spring is here, and it’s the perfect time to get your home and your finances in order. Here are a few ways to get started spring cleaning your finances: 1. Request a free credit report You can request a free credit report every 12 months from each of the three major consumer…
FDIC: New Consumer News Publication Features Tips on Protecting Assets
It’s always important for consumers to save money for their future, keep banking and borrowing costs down, and guard their possessions from high-tech thieves in today’s digital world. The Winter 2018 FDIC Consumer News includes information about: Five things to know about safe deposit boxes and home safes for protecting valuables. Among the tips: bank…
FDIC: Q&As for Consumers as Part of National Consumer Protection Week
In observance of National Consumer Protection Week (NCPW) March 4-10, 2018, the FDIC will post a new question and answer (Q&A) on a different banking topic each weekday at www.fdic.gov/ncpw. The five Q&As — covering mobile banking, credit and debit card security precautions, safe deposit boxes, credit reports, and debt collectors — along with other…
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…