Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
23 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
1 day ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
1 day ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
1 day ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
1 day ago