CFPB: Companies Warned Against Tricking Consumers into Expensive Pay-by-Phone Fees
Bureau Concerned About Companies Misleading Consumers About Pay-By-Phone Fees, Keeping Them in the Dark About Much Cheaper Options WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today issued a bulletin warning companies about tricking consumers into expensive pay-by-phone fees. The Bureau is concerned about companies potentially misleading consumers about the purpose and amount of certain…
CFPB: Try One Thing This Summer to Grow Your Child’s Money Skills
Your children go to school to learn math, reading, history, and more. But all year round, they’re absorbing money habits, skills, and attitudes from you. This summer, we challenge you to try one thing that encourages money conversations with your kids. This chart shows ways you can help your children build money skills that can…
CFPB: Building Credit at a Local Level
By Sarah Bainton Kahn We recently published a report on ways people without a credit history start building one. In order to bring visibility to this issue and spur action at the local level, we’re releasing credit profiles on states and cities across the country. A person is considered “credit invisible” if they do not…
HUD: $50 Million in Housing Counseling Grants Awarded
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today awarded more than $50 million in housing counseling grants to hundreds of national, regional and local organizations to help families and individuals with their housing needs and to prevent future foreclosures. HUD’s housing counseling grants and the additional funding they leverage will assist…
CFPB: Effective Financial Education – Five Principles and How to Use Them
We’re offering five broad principles that support financial well-being through effective financial education. By Janneke Ratcliffe Everyone has goals. You want to learn a new language. You want to learn to bake. You want to read more books. But, how we move from those goals or intentions to action and results can be a difficult…
CFPB: More than Just Fun – Summer Money Matters for Young Workers
Each summer, millions of young people get their first job. With every first job comes a first paycheck, and that first paycheck is an opportunity for young workers to develop their own financial skills. This important milestone is often when young people first take control of their finances, make choices about various financial products, and…
FDIC: FDIC Consumer News Issues Warning About 10 Scams Targeting Bank Customers
The FDIC often hears from bank customers who believe they may be the victims of financial fraud or thefts. The Summer 2017 FDIC Consumer News alerts the public to common scams and provides basic tips for protecting personal information and money. Topics include: An overview of 10 schemes bank customers need to be aware of,…
CFPB: Take the Quiz to See How Prepared You Are to Make Financial Decisions
When it comes to making financial decisions, do you feel prepared? For example, if you need to buy a new car, are you prepared to make the financial decisions that come with taking out an auto loan? What if you are ready to get a new credit card? How will you decide which one offers…
FHFA: Request for Input to Improve Access to Credit for Qualified Mortgage Borrowers with Limited English Proficiency
Washington, DC – The Federal Housing Finance Agency (FHFA) today issued a Request for Input on issues facing qualified mortgage borrowers with Limited English Proficiency (LEP) throughout the mortgage life cycle process, including lending and servicing. FHFA’s 2017 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions, requires Fannie Mae and Freddie Mac (the…
CFPB: New Information Will Help U.S. Improve Financial Literacy
New information released today shows how well American teens understand financial concepts and can apply them to their own situations. The Organisation for Economic Co-operation and Development (OECD) published results of the 2015 Programme for International Student Assessment (PISA) financial literacy assessment. This new information will help us develop targeted programs and initiatives to ensure…