The Bureau has financial tools to help individuals transitioning from incarceration or who may face challenges from having a criminal record.
If you’ve hit a financial rough spot (and think you might miss a credit card payment) contact your creditor as soon as possible. Most will work with you to find a repayment plan that suits your current situation.
As financial coaching programs continue to develop across the country, the CFPB continues to work with partners to advance the field and ultimately help people reach their financial goals and improve their lives.
Financial coaching can help consumers achieve their financial goals. It’s a strategy that financial educators can implement with the people they serve. Read more about our two briefs: “Financial Coaching: A Strategy to Improve Financial Well-Being” and “Implementing Financial Coaching: Implications for Practitioners.”
At the CFPB, we believe all consumers have the right to achieve greater financial wellbeing for themselves and their families. That’s why we’ve studied a promising approach to financial education: financial coaching.
Today, we’re excited to launch our financial coaching initiative. We’re cohosting the launch with the U.S. Department of Labor (DOL) and the event will take place at 11:30 a.m. EDT.
Millions of consumers will now have access to credit scores and reports through nonprofit counselors
All three major credit reporting agencies (Experian, Equifax and TransUnion) will now allow nonprofit counselors to share credits reports, as well as the scores, with the consumer.
Today, we’re announcing that as part of Project Catalyst, we’ll be working with H&R Block to evaluate practices to promote consumer saving behavior during tax time.
The Armed Forces Services Corporation is looking for 20 organizations, in geographically diverse locations across the country that serve economically vulnerable consumers, to host financial coaches.
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. To support their efforts, we’ve developed and field-tested a toolkit for financial services programs called Your Money, Your Goals.