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Category: Info for consumers

Check your mailbox: Veterans with severe disabilities and student loans should keep an eye out for this

The Department of Education is sending letters to veterans with severe disabilities notifying them that they may be eligible for a tax-free discharge of their outstanding student loans. Here’s what to look for if you’re eligible.

Published
Category: Info for consumers

Help is here for people with severe disabilities struggling with student loans

Borrowers whose student loans are forgiven due to death or disability will no longer have to pay federal income taxes on those forgiven loans. Now, tens of thousands of disabled veterans and hundreds of thousands of people living with severe disabilities are eligible for new student loan protections. 

Published
Category: Info for consumers
Photo of a person holding the Focus on People with Disabilities guide.

New financial empowerment tools for people with disabilities

As we observe the 27th anniversary of the Americans with Disabilities Act, we are announcing a new financial empowerment tool for people with disabilities. Our companion guide contains information and tips based on insights from people with disabilities and organizations that serve the disability community.

Published
Category: At the CFPB

Americans with disabilities have the right to improve their financial lives

Americans with disabilities disproportionately live in poverty; are more than twice as likely to use nonbank financial services such as payday loans and check cashing; and 80 percent have no emergency savings to absorb a financial shock. Americans with disabilities, like all consumers, have the right to fair treatment in the financial marketplace and access to tools that can help them improve their financial lives.

Published
Category: Info for consumers

Working to improve the financial lives of people with disabilities

Our job is to empower consumers by providing them with the information they need to make the best financial decisions for themselves and their families. As part of our mission to protect and empower all consumers, we’re launching ROADS (Reach Outcomes. Achieve Dreams. Succeed) to Financial Independence – a first-of-its-kind nationwide initiative to provide financial counseling services to people with disabilities who are working or transitioning into the workforce.

Published
Category: Policy and compliance

Social Security disability income shouldn’t mean you don’t qualify for a mortgage

Today, we’re reminding lenders that placing unnecessary documentation requirements on recipients of Social Security disability income, including disabled veterans, may raise fair lending concerns. Following the guidelines and standards noted in the bulletin may help lenders comply with fair lending laws.

Published
Category: At the CFPB

A federal partnership to increase financial capability for workers with disabilities

We know that individuals with disabilities often face barriers and challenges in moving toward economic security and self-sufficiency. That’s why we’re committed to making sure that these individuals have the help and support they need to begin planning and saving for their financial goals. Over the past year, our team has traveled across the country; […]

Published
Category: Policy and compliance | Category: At the CFPB

How do you build financial capability?

In case you missed it, we’re gathering information on how to build financial capabilities for people with disabilities, veterans in transition, and people who are economically vulnerable. If you or your organization would like to contribute, please send us your comments by 4 p.m. ET on Friday April 12, 2013. Americans with disabilities CFPB is […]