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Category: Info for consumers |
Published

Forty organizations join the 2019 Your Money, Your Goals cohort

The Bureau welcomes 40 organizations to the 2019 Your Money, Your Goals cohort. Public and private organizations working in community, faith-based, workplace, academic and prison settings will receive training and technical assistance to expand the reach of financial empowerment tools and information to economically vulnerable consumers.

Category: Info for consumers |
Published

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.

Category: Info for consumers |
Published

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. 

Category: Info for consumers |
Published
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.

Category: At the CFPB |
Published

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.

Category: Info for consumers |
Published

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.

Category: Policy and compliance |
Published

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.

Category: At the CFPB |
Published

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; […]