ABA: Consumer Tips for Budgeting, Savings and Reducing Debt
March 1-7 is National Consumer Protection Week WASHINGTON — In recognition of National Consumer Protection Week, the American Bankers Association is highlighting personal finance resources and urging consumers to take an active role in managing and protecting their money. National Consumer Protection Week, observed the first week in March, is a campaign that encourages consumers nationwide…
OCC: Comptroller of the Currency Thomas Curry Discusses Financial Literacy
WASHINGTON — Comptroller of the Currency Thomas Curry discussed the importance of financial literacy and encouraging healthy savings habits early in life during remarks at the Financial Literacy and Education Commission. Related Links Remarks (PDF) Comptroller of the Currency Thomas Curry About the Financial Literacy and Education Commission
CDFI Fund: Two Independent Reports on the CDFI Program Released
WASHINGTON — The U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) today issued two independent reports that provide the first-ever comparative analysis and evaluation of the effectiveness of Community Development Financial Institutions (CDFIs) as compared to mainstream lenders. The findings confirm that CDFIs are resilient and a reliable resource for capital in areas…
OCC: Supporting America Saves Week
WASHINGTON — Comptroller of the Currency Thomas J. Curry today issued the following statement in recognition of America Saves Week, February 23 – 28, 2015: The Office of the Comptroller of the Currency is pleased to support America Saves Week, which encourages individuals and families to prepare for the future and build personal wealth. National…
CFPB: Study Reports More Than 50 Million Credit Card Consumers Have Access to Free Credit Scores
New Study Indicates that Consumers Access Credit Scores and Credit Reports in a Variety of Ways but Confusion Persists WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) reported that more than 50 million consumers now have free and regular access to their credit scores through their monthly credit card statements or online. Last year,…
FDIC: Branch Banking Remains Prevalent Despite the Growth of Online and Mobile Banking
The Federal Deposit Insurance Corporation (FDIC) today released a study showing that despite the increased use of online and mobile banking, brick-and-mortar banking offices continue to be the primary means through which FDIC-insured institutions deliver financial services to their customers. FDIC-insured institutions operated 94,725 banking offices as of June 2014, a decline of just 4.8…
FDIC: Consumers Encouraged to Develop A Plan to Save for Their Goals
The Federal Deposit Insurance Corporation (FDIC) encourages consumers to use America Saves Week as a time to begin or continue saving towards financial goals. “Saving money on a regular basis in a federally insured financial institution is a proven way to safely and steadily reach your financial goals,” said FDIC Chairman Martin J. Gruenberg. “Whether you are…