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.