FDIC: Enhanced Money Smart for Small Business Curriculum Announced
The Federal Deposit Insurance Corporation (FDIC) and the U.S. Small Business Administration (SBA) today announced enhancements to Money Smart for Small Business, a resource that provides practical guidance for starting and managing a small business. Money Smart for Small Business, a free curriculum available on the FDIC website, was jointly developed by the FDIC and SBA…
findCRA White Paper: MoneyIsland and the Community Reinvestment Act
We are pleased to share our latest findCRA White Paper on the Community Reinvestment Act considerations for banks implementing the MoneyIsland online financial education game. Click here to read or download the full White Paper.
CFPB: Join the 2017 Your Money, Your Goals Cohort
We are recruiting organizations to participate in the 2017 Your Money, Your Goals Cohort and we’d like to encourage you to get involved! We are looking for approximately 30 organizations from around the country who are interested in using the Your Money, Your Goals toolkit to help build the financial capability of the people they serve. We are interested in…
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….
CFPB: New Financial Empowerment Tools for Native Communities
We’re excited to announce the release of Your Money, Your Goals: Focus on Native Communities . This is a companion guide to the Your Money, Your Goals financial empowerment toolkit. It contains additional information, tips, and tools based on the wisdom of tribal staff and organizations that serve native communities. Its goal is to meaningfully connect the content and tools in Your…
CFPB: Project Catalyst Study Finds Savings Offers Double the Number of Consumers Saving
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) released the results of a Project Catalyst research project finding that offering a small incentive to prepaid card users to put some of their money into a savings “wallet” doubled uptake of the wallet. The study also found that the consumers who chose to save using…
ABA: Six Banks Honored with Community Commitment Awards
Categories range from affordable housing to community and economic development WASHINGTON — The American Bankers Association Foundation has recognized six banks for their noteworthy corporate social responsibility with a 2016 Community Commitment Award. The awards were given to banks for their efforts in categories ranging from affordable housing to community and economic development. Winners will…
FDIC: Professor Manju Puri Named as Director of Center for Financial Research
The Federal Deposit Insurance Corporation (FDIC) today announced that Professor Manju Puri, Ph.D., will serve as the director of the FDIC’s Center for Financial Research for two years starting October 1. She is currently the J. B. Fuqua Professor, Finance, at the Fuqua School of Business at Duke University. “We are fortunate to have such…