CFPB: Join the 2016 Your Money, Your Goals Cohort!

Today the CFPB an opportunity to participate in the 2016 Your Money, Your Goals Cohort. The CFPB is looking for approximately 20 organizations from around the country who are interested in using the Your Money, Your Goals toolkit to help build the financial capability of the people they serve. We are interested in working with […]

CFPB Report on Student Loan Debt Highlights Challenges for Older Consumers

In May 2015, the Consumer Financial Protection Bureau launched an inquiry into student loan servicing practices. In light of the increasing number of older Americans paying back student loan debt, they asked to hear about how it’s affecting older consumers.

The CFPB received over 30,000 public comments in response to our inquiry, including a number […]

CFPB – Managing Someone Else’s Money

Millions of Americans are managing money or property for a family member or friend who is unable to pay bills or make financial decisions. We’ve heard from these financial caregivers about how tough it can be. So we created guides for caregivers all over the country.

Read about how we are helping financial caregivers:


CFPB: Making the mortgage process easier: Know Before You Owe

The stress of shopping for a mortgage will be reduced for those applying for most mortgages beginning October 3, as the new CFPB mortgage rule and forms take effect. These changes are a part of the CFPB Know Before You Owe mortgage initiative and are designed to ease the process of buying a home, help […]

CFPB Updates – Financial protection for older Americans

Financial protection for older Americans

Older Americans face many financial challenges as they age. They have opportunities to travel, explore new fields of work or hobbies, or spend time with family and friends. But often scam artists or bad advice take away these opportunities. The Office of Financial Protection for Older Americans is here […]

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:

Here’s how the federal protection […]

Financial Literacy Resources

AARP—SBA Webinars AARP and the U.S. Small Business Administration (SBA) host new webinars and republish previous webinars to educate people who want to start businesses or expand existing ones.

Assets and Opportunity Scorecard The Corporation for Enterprise Development (CFED) released the 2015 Assets and Opportunity Scorecard, which looks at 135 different measures to paint a […]

Prepared Remarks of CFPB Director Richard Cordray at the President’s Advisory Council

Prepared Remarks of CFPB Director Richard Cordray at the President’s Advisory Council

By Richard Cordray

Good morning. I would like to thank each of you for the work you are doing to help young people establish a healthy financial foundation.

Earning a college degree has become increasingly important to personal and professional success in life. […]

CFPB Hearing on Payday Lending

CFPB Hearing on Payday Lending The CFPB invites you to participate in a Payday Lending field hearing in Richmond, VA. A live video will be streamed on their blog if you are not able to attend in-person.

The hearing will take place on Thursday, March 26 at 12 p.m. EDT.

The hearing will feature […]

Information from the CFPB regarding Reverse Mortgages (also called HECMs)

Information from the CFPB


A reverse mortgage is a special type of home equity loan sold to homeowners aged 62 and older. The loan allows homeowners to access a portion of their home equity as cash. In a reverse mortgage, interest is added to the loan balance each month, and the […]