Many people feel overwhelmed by their financial situations, and they may not know where to go for help. For many low-income Americans, frontline staff of nonprofit and public social services programs are in a unique position to provide that help. Their clients already know and trust them, and in many cases, they’re already sharing financial [...]
We just published our second annual financial literacy report to Congress. It outlines our strategy and what we’ve done over the past year to enhance financial literacy and capability. In the report, you’ll find out about the tools and information we provide to help consumers navigate financial choices. You’ll see how we collaborate with organizations [...]
We want to make libraries the go-to place for financial information in every community. And so far, we’ve been met with tremendous enthusiasm – from other government and nonprofit agencies, by library associations and administrators, and by librarians themselves. That’s why we’ve put together resources and materials for libraries to use in their community. We [...]
We’ve heard a lot of stories about vulnerable adults falling prey to con artists, family members, fiduciaries, and professional advisers who steal their nest eggs and threaten their financial security. A son steals $ 315,000 from his elderly mother’s retirement accounts and frequents casinos. When he doesn’t pay his mother’s rent, she’s evicted from her [...]
New York's banking regulator said Thursday that he intends to simplify state requirements for obtaining a mortgage banking license. News
This time last year, more than 2 million young Americans were starting summer jobs. This year, many more will do the same. For young people, particularly those between the ages of 16-24 who may be entering the workforce for the first time, developing good money management skills is critical. Without the necessary financial knowledge and [...]
