Prepared Remarks of CFPB Director Richard Cordray at the Financial Literacy and Education Commission Meeting
Thank you all for being here. I always look forward to the meetings of our Financial Literacy and Education Commission. Each time we gather, our discussions reaffirm my belief that for this country to prosper, sound financial education must be one of the foundations we work to strengthen, for people young and old.
We’ve recently updated the Your Money, Your Goals webpages. The updated pages provide new resources that make it simpler for staff and organizations to access our tools. Our toolkit, companion guides, and Behind on Bills booklet can all be downloaded or ordered for free.
If you are behind on your auto loan payments, it’s important to take steps to reduce the chance of falling further behind.
Our office of Servicemember Affairs guides you through the financial hurdles of your military career
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A default can lead to severe consequences, including damaged credit, wage garnishment, and offset of social security and other government benefits. There are options to get back on track after falling behind on a federal student loan.
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CFPB Asks for Public Feedback on Ways to Bridge the Information Gap on Small Business Lending