Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CFPB, Labor Dept. Unite To Address Disabled Worker Financial Issues
WASHINGTON (8/28/13)--The Consumer Financial Protection Bureau and Department of Labor (DoL) have announced a new partnership--one intended to help consumers with disabilities get the information they need to understand money management, savings, credit, and how to evaluate financial choices.  Equally important, the effort will help them know where to get assistance if they are treated unfairly.

The CFPB said in a release that all consumers need the information noted above, but added that individuals with disabilities "often face barriers and challenges in moving toward economic security and self-sufficiency." If entering the workforce, these new workers may never have had a savings or checking account, or may have no credit record, the release said.  It added that for those going back to work after an injury or illness, credit scores may have suffered because of the impact the event had on their income.

Through the partnership, the CFPB and DoL's Office of Disability Employment Policy will develop and distribute educational materials, resources, and technical assistance to the clients' and professional staff of American's Job Center, operated by DoL.
RSS print
News Now LiveWire
.@TheCCUL names 6 finalists for @CUaware Protege competition. See #NewsNow Wed
14 hours ago
Starting w/FHA-insured mortgages closed on/after 1/21/2015, interest payments will stop on date prepayment is made in full. See #NewsNow Wed
15 hours ago
.@FreedomCUinPA has awarded 4 teachers $500 each for being voted 95.7 BEN-FM's Teacher(s) of the Month.
16 hours ago
Credit card debt increasing in metro areas says @Equifax http://t.co/gkHOptwMyf
17 hours ago
.@mncreditunions has introduced Minnesota Minded, a report about the growth CUs in the state since the financial crisis.
17 hours ago