Scary Statistics for California Housing
In the spirit of Halloween, we wanted to share some of the scary statistics
that show housing and mortgage related problems are still lurking from the economic downturn. While there have been significant strides in California’s recovery, these numbers confirm we still have a ways to go. The information below came from various . . . → Read More: Scary Statistics for California Housing
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 organizations that serve . . . → Read More: CFPB: Join the 2016 Your Money, Your Goals Cohort!
And Update about JoinBankOn.org
Dear Bank On partners,
The Cities for Financial Empowerment Fund (CFE Fund) is leading a national movement that supports local Bank On coalition efforts to expand banking access for consumers outside the financial mainstream. As part of our efforts, we are excited to launch a new online home for Bank On, at www.cfefund.org/bankon.
The new website . . . → Read More: Update about JoinBankOn.org
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 of comments . . . → Read More: CFPB Report on Student Loan Debt Highlights Challenges for Older Consumers
A campaign to educate seniors and their caregivers on the risks of financial fraud
Financial abuse against older Americans can take many forms, from illegal debits, to third-party scams and even unauthorized withdrawals by an approved caregiver. And with the share of the U.S. population 60 years and over projected to reach 30 percent by 2025, the opportunities . . . → Read More: ABA: Safe Banking for Seniors
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: consumerfinance.gov/blog/managing-someone-elses-money-guides-for-your-state/
Because people’s powers . . . → Read More: CFPB – Managing Someone Else’s Money
MyHome Assistance Program
California Housing Finance Agency Launches New Mortgage Assistance Program
Helps first-time homebuyers with down payment and closing costs
MyHome provides a deferred-payment junior loan – up to 5% of the purchase price, or appraised value, whichever is less, to be used for their down payment and/or closing costs. This program must be combined with a . . . → Read More: CalHFA – New MyHome Downpayment Assistance Program
You’ve worked hard throughout your lifetime to build retirement security. As your first line of defense against investment fraud, NASAA members know scam artists will try to prey on seniors by offering “too good to be true” investment schemes. Education and awareness are your best weapons in the fight against investment . . . → Read More: New Website Resource for Senior Investors: ServeOurSeniors.org
Fostering economic opportunity and financial security for California’s working families and individuals
In the News
A new state tax credit will help working families.
Learn about this new state tax credit
Find out what is the CalEITC and the benefits of the credit and more.
Know It »
Find out if you are eligible
The CalEITC rewards work, and puts money back . . . → Read More: CalEITC4me – New California Earned Income Tax Credit