FDIC: Share of U.S. Households without a Bank Account Drops
The number of U.S. households without a bank account fell significantly in 2015, according to the National Survey of Unbanked and Underbanked Households released by the Federal Deposit Insurance Corporation (FDIC) on Thursday. Seven percent of U.S. households were unbanked in 2015. That was the lowest share in the survey’s history and a decrease from…
ABA: Bankers Celebrate Get Smart About Credit Day, Promote Financial Literacy
Bankers visit classrooms across the country on Oct. 20 to teach credit education WASHINGTON — Bankers across the country are celebrating the American Bankers Association Foundation’s Get Smart About Credit Day today by visiting high school classrooms to teach teens how to use credit effectively. Get Smart About Credit Day, celebrated annually on the third Thursday of…
CFPB: Financial Coaching Can Benefit Consumers
We recently released two briefs about financial coaching and how it can benefit consumers. At some point in their financial lives, many consumers need more than access to information — they may also need someone to help them to identify and achieve their financial goals. A financial coach can serve as a capable and trusted…
FDIC: Youth Savings Pilot Symposium Announced
The Federal Deposit Insurance Corporation (FDIC) today announced that it will hold a symposium on fostering youth savings on Friday, October 21, 2016. The symposium, “Learning to Save – Saving to Learn,” will bring together representatives from nearly 20 banks participating in the FDIC’s Youth Savings Pilot program, as well as non-profit and school partners….
ABA: 8 Tops to Protect Your Identity
October is National Cybersecurity Month WASHINGTON —Every year, millions of consumers become victims of identity theft. According to the Bureau of Justice Statistics, an estimated 17.6 million U.S. residents experienced the misuse of their personal information in 2014, up from 16.6 million victims in 2012. In recognition of National Cybersecurity Awareness Month, the American Bankers…
ABA: Massachusetts Banker Named as New ABA Chairman
Savarese is second woman elected chairman in 142-year history WASHINGTON — Dorothy A. Savarese has been elected chairman of the American Bankers Association for the 2016-2017 association year. She is also the chairman, CEO and president of Cape Cod Five Cents Savings Bank, a $3 billion mutual institution based in Orleans, Mass. “Banks play such…