The Effectiveness of Pre-Purchase Homeownership Counseling and Financial Management Skills

The Effectiveness of Pre-Purchase Homeownership Counseling and Financial Management Skills

Homeownership remains a cherished goal for many people. However, developments in mortgage products and drastic changes in the housing market have made the realization of becoming a homeowner more challenging. Fortunately, homeownership counseling is available to help navigate prospective homebuyers in their quest. But the effectiveness of . . . → Read More: The Effectiveness of Pre-Purchase Homeownership Counseling and Financial Management Skills

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CFPB Report: Empowering Low Income and Economically Vulnerable Consumers

CFPB Report: Empowering Low Income and Economically Vulnerable Consumers

The low-income and economically vulnerable population includes as many as 100 million people. These consumers are diverse in culture, geography, stage of life, and financial status. Last year, the CFPB’s Office of Financial Empowerment hosted a forum to examine the unique consumer financial product and service needs of . . . → Read More: CFPB Report: Empowering Low Income and Economically Vulnerable Consumers

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INFOGRAPHIC: Small Business Lending Fund Participants Increase Small Business Lending By More Than $10 Billion

INFOGRAPHIC: Small Business Lending Fund Participants Increase Small Business Lending By More Than $10 Billion

The ​U.S. Treasury Department released a new report today showing that participants receiving capital through the Small Business Lending Fund (SBLF) nationwide have boosted small business lending by $10.4 billion over baseline levels since the depths of the recession and $1.4 billion over the prior quarter. The reported aggregate lending . . . → Read More: INFOGRAPHIC: Small Business Lending Fund Participants Increase Small Business Lending By More Than $10 Billion

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FINRA Report: Financial Fraud and Fraud Susceptibility in the United States

New FINRA Report

Financial Fraud and Fraud Susceptibility in the United States: New FINRA Foundation Report Finds Americans Are at Risk

Estimates suggest that consumer financial fraud is costing Americans over $50 billion a year, and this number does not include the money allocated for its prevention or the social and emotional cost fraud imposes on Americans every year. The FINRA Foundation’s new research . . . → Read More: FINRA Report: Financial Fraud and Fraud Susceptibility in the United States

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CFPB: Our First Financial Literacy Report to Congress

Our first financial literacy report to Congress

The CFPB posted the following announcement last week.

Today, we’re publishing our first financial literacy report to Congress. It discusses our approach to financial literacy and the work we’ve done to help consumers make better informed choices about their personal finances and achieve financial goals.

As Director Richard Cordray puts it in . . . → Read More: CFPB: Our First Financial Literacy Report to Congress

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FTC’s Second Kids’ App Report Finds Little Progress in Addressing Privacy Concerns Surrounding Mobile Applications for Children

FTC’s Second Kids’ App Report Finds Little Progress in Addressing Privacy Concerns Surrounding Mobile Applications for Children

Kids’ Data Still Collected, Shared without Parents’ Knowledge, Consent

The Federal Trade Commission issued a new staff report, “Mobile Apps for Kids: Disclosures Still Not Making the Grade,” examining the privacy disclosures and practices of apps offered for children in the . . . → Read More: FTC’s Second Kids’ App Report Finds Little Progress in Addressing Privacy Concerns Surrounding Mobile Applications for Children

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GAO Report: ELDER JUSTICE National Strategy Needed to Effectively Combat Elder Financial Exploitation

Elder Justice
National Strategy Needed to Effectively Combat Elder Financial Exploitation
GAO-13-110,  Nov 15, 2012

Highlights Page (PDF, 1 page)
Accessible Text
View Report (PDF, 80 pages)

What GAO Found

Officials in each of the four states GAO contacted identified the need for more safeguards and public awareness activities to help prevent elder financial exploitation. They also noted that it is difficult to . . . → Read More: GAO Report: ELDER JUSTICE National Strategy Needed to Effectively Combat Elder Financial Exploitation

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CFED Report: Partnerships You Can Bank On: Sustainable Financial Institution Engagement in Bank On Programs

CFED Releases Report on Sustainability of Bank On Programs From a Financial Institution Perspective 

CFED released new research for the Bank On field that, for the first time, explores the success and sustainability of Bank On programs from the perspective of the financial institution. The report, called Partnerships You Can Bank On: Sustainable Financial Institution Engagement in Bank . . . → Read More: CFED Report: Partnerships You Can Bank On: Sustainable Financial Institution Engagement in Bank On Programs

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Assets and Opportunity Scorecard: A Portrait of Financial Insecurity and Policies to Rebuild Prosperity in America.

Assets and Opportunity Scorecard: A Portrait of Financial Insecurity and Policies to Rebuild Prosperity in America.

By Jennifer Brooks, et al. Corporation forEnterprise Development. Jan. 2012. 12 p.

http://assetsandopportunity.org/assets/2012_scorecard.pdf

 “This report paints a bleak picture of rising asset poverty and diminishing financial security in the United States. Nationally, 27% of all households are asset poor, meaning they lack the . . . → Read More: Assets and Opportunity Scorecard: A Portrait of Financial Insecurity and Policies to Rebuild Prosperity in America.

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AnnualCreditReport.com – FTC

FTC Annual Credit Report

What is AnnualCreditReport.com?
AnnualCreditReport.com is the ONLY authorized source for the free annual credit report that’s yours by law. The Fair Credit Reporting Act guarantees you access to your credit report for free from each of the three nationwide credit reporting companies — Experian, Equifax, and TransUnion — every 12 months. The Federal Trade Commission has received . . . → Read More: AnnualCreditReport.com – FTC

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