Older consumers “seniors” can tell debt collectors: “My benefits are protected from garnishment.”

Did you know that Social Security and VA benefits are generally protected from garnishment to pay a debt to a private person or company? Most debt collectors can’t garnish money in your bank account to pay a debt.

You can download a CFPB  fact sheet from the Consumer Advisory: http://www.consumerfinance.gov/blog/consumer-advisory-your-benefits-are-protected-from-garnishment/

Here’s how the federal protection works:

Banks must automatically check . . . → Read More: Older consumers “seniors” can tell debt collectors: “My benefits are protected from garnishment.”

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Credit Union Partners in Education (CU-PIE) Annual Speech Competition

Credit Union Partners in Education (CU-PIE)

  “Wild About Saving”

Annual Speech Competition

The speech competition was held on April 16th. This year’s theme was based on the 2015 National Youth Involvement Week theme – Wild About Saving.  

One of the best ways to help young Californians reach their goals is to encourage financial literacy.

On Thursday, April 16, 2015 the Credit Union Partners . . . → Read More: Credit Union Partners in Education (CU-PIE) Annual Speech Competition

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Keep Your Home California – Criteria of Programs Expanded to Help Homeowners Attain Affordable Mortgage Payments

Criteria of Programs Expanded to Help Homeowners Attain Affordable Mortgage Payments

 

Keep Your Home California recently announced changes to the Principal Reduction Program and the Mortgage Reinstatement Assistance Program to help more low and moderate income homeowners remain in their homes.

The changes to the Principal Reduction Program will assist homeowners who have suffered a financial hardship attain . . . → Read More: Keep Your Home California – Criteria of Programs Expanded to Help Homeowners Attain Affordable Mortgage Payments

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FDIC Youth Savings Pilot Program

FDIC Youth Savings Pilot Program

“Linking financial education with an opportunity to open a safe, low-cost savings account can help young people better develop good savings habits and promote financial inclusion for students and their families . . . ”
FDIC Chairman Martin J. Gruenberg

Many banks report having relationships with schools to offer financial education and to offer . . . → Read More: FDIC Youth Savings Pilot Program

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Teach Children to Save – Classroom Presentations

Teach Children to Save – Classroom Presentations

Alana Golden, DBO

Teach Children to Save (TCTS) is a national program–sponsored by the ABA Community Engagement Foundation–that organizes banker volunteers to help young people develop a savings habit early in life.

​​On Thursday, April 30, as part of  National Teach Children to Save, Alana Golden, Director of . . . → Read More: Teach Children to Save – Classroom Presentations

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Nat$ave in the Bank – Empowering Native Youth to Get a Head Start on Building Their Financial Futures

Empowering Native Youth to Get a Head Start on Building Their Financial Futures

A financial literacy month initiative of NFEC and NCAI

The Native Financial Education Coalition (NFEC) and the National Congress of American Indians (NCAI) launched NAT$VE in the BANK because they understand that Native youth developing relationships with financial institutions is a proven . . . → Read More: Nat$ave in the Bank – Empowering Native Youth to Get a Head Start on Building Their Financial Futures

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Grants – Assets for Independence Demonstration Program

Assets for Independence Demonstration Program
HHS-2015-ACF-OCS-EI-1005

Summary

Funding Oppportunity Title:
Assets for Independence Demonstration Program

Funding Opportunity Number:
HHS-2015-ACF-OCS-EI-1005

Program Office:
Office of Community Services

Funding Type:
Discretionary

Funding Instrument Type:
Grant

Announcement Type:
Modification

CFDA:
93.602

Post Date:
05/01/2015

Application Due Date:
06/15/2015

Description

This announcement has been modified.  Eight second round Promise Zone designees were announced on 4/28/2015, and these designees have been added to the Appendix listing of Promise Zones.   

The Administration for Children and . . . → Read More: Grants – Assets for Independence Demonstration Program

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DBO Mortgage Education and Outreach Program – New Home Finance Booklet!

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DBO Mortgage Education and Outreach Program  – New Home Finance Booklet

Home Finance walks you through the process of buying a home — from the initial decision to buy, through finder an affordable mortgage, and choosing which kind of mortgage will work best for you. . . . → Read More: DBO Mortgage Education and Outreach Program – New Home Finance Booklet!

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Photo Gallery: California Financial Literacy Resource Fair – State Capitol – April 23, 2015

Photo Gallery: California Financial Literacy Resource Fair – State Capitol – April 23, 2015

The annual California Financial Literacy Resource Fair is a public event to highlight the resources available to Californians regarding affordable financial services, free tax assistance, smart money management, and avoiding financial fraud and scams. This event also connects people with information about how . . . → Read More: Photo Gallery: California Financial Literacy Resource Fair – State Capitol – April 23, 2015

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Join us! Financial Literacy Month Resource Fair – Union Station in Los Angeles

Join us!

Financial Literacy Resource Fair – Union Station in Los Angeles

What: 2015 Financial Literacy Month Resource Fair

When: Wednesday, April 29, from 11:00 a.m. to 2:00 p.m.

Where: Union Station, East Portal, 1 Gateway Plaza, Los Angeles, CA 90012

Public event to highlight the resources available to Californians regarding affordable financial services, free tax assistance, smart money management, and avoiding . . . → Read More: Join us! Financial Literacy Month Resource Fair – Union Station in Los Angeles

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