Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CFPB Reports Fin. Ed. Efforts To Congress
WASHINGTON (7/22/13)--The Consumer Financial Protection Bureau made its first report to the U.S. Congress last week to detail what the bureau has done since its inception in 2011 to promote consumers' financial literacy.
 
"Empowering people to take more control over their economic lives is absolutely essential to our mission" of providing consumer financial protection, newly confirmed CFPB Director Richard Cordray says in an introduction to the report.

The 58-page document notes that the bureau's approach to consumer financial education is three-pronged:
  • Make sure people have the help they need, when they need it. It cites "Ask CFPB" as an example of a resource that "provides unbiased answers to commonly asked questions" about personal finance;
  • Research and identify financial education methods that work to inform the design of financial education policies and programs; and
  • Collaborate with other groups to apply and fine-tune the best approaches to financial education. The CFPB has conducted more than 300 stakeholder meetings, including those with the Credit Union National Association and credit unions. 
Use the resource link to access the full report.
 

 
Other Resources

CFPB Report to Congress
RSS print
News Now LiveWire
MO #creditunions @BankOnMo with SUV contest See #NewsNow http://t.co/dMnnADr3CO
5 minutes ago
Breaking at #NewsNow: Matz to request revised RBC proposal, new comment period http://t.co/eLtYmzXRWn
17 hours ago
#NewsNow: Oct. 22 webinar will explore role of CDFI #creditunions. http://t.co/op1GV4mrYM
20 hours ago
CFPB announces $10M fine,$27.5M restitution v. Mich.-based Flagstar Bank for allegedly illegally blocking borrowers’ attempts to save homes.
20 hours ago
#NewsNow: Proposed MLA changes could restrict CU payday alternative loans. http://t.co/eKqtyMHD0P
21 hours ago