The Consumer Financial Protection Bureau (CFPB) released today the 2020 annual report to Congress on the administration of the Fair Debt Collection Practices Act (FDCPA). The report highlights efforts by the CFPB and the Federal Trade Commission (FTC) to protect consumers, particularly those who have suffered profound financial impacts due to the COVID-19 pandemic.
The Consumer Financial Protection Bureau announced the launch of Consumer Financial Protection Week which will take place from July 14, 2020, through July 17, 2020.
The Consumer Financial Protection Bureau issued its Financial Literacy Annual Report for fiscal year 2019.
The Consumer Financial Protection Bureau (Bureau) released today the results of a pilot study, Planning for tax-time savings, launched with the tax preparation company H&R Block that shows that simple messages encouraging customers to use their prepaid card to save at tax time increased the likelihood that they would do so.
Thank you to our hosts for the invitation, and to all of you for coming today. I’m particularly honored to be at a forum focused on bringing people together from across the political spectrum to forge commonsense solutions for the pressing issues facing our Nation.
Consumer Financial Protection Bureau Director Kathleen L. Kraninger today announced an initiative to help promote the importance of savings among Americans.
The Consumer Financial Protection Bureau (Bureau) today issued a Request for Information (RFI) on consumer financial education.
Report Provides Annual Summary of Actions Under the Fair Debt Collection Practices Act
The Consumer Financial Protection Bureau (CFPB) today published the Request for Information (RFI) about the Bureau’s Civil Investigative Demands (CIDs) that was announced as part of Acting Director Mick Mulvaney’s call for evidence last week.
Seeks Public Input on Ways to Better Fulfill Statutory Obligations
Bureau Releases Interactive Online Tool to Help Consumers Measure Their Financial Well-Being
The Consumer Financial Protection Bureau opened its doors less than six years ago. Our mission is to stand on the side of consumers and ensure they are treated fairly in the financial marketplace. Through fair rules, consistent oversight, appropriate law enforcement, and broad-based consumer engagement, we are working to restore trust and confidence in the markets for household financial products and services.
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.
Good morning. I am glad to welcome everyone here to the Financial Literacy and Education Commission for our first meeting of the year. The commission continues to be a valuable forum for promoting financial literacy and a catalyst for improving the financial well-being of consumers.
We are glad to welcome the Department of the Interior to their first meeting as a member of the Commission. Today we are releasing the 2016 National Strategy for Financial Literacy. The report provides the Commission and everyone working in the field of financial education with an important framework for promoting financial education. It also highlights important progress that has been made towards the goals that were outlined in the previous strategy from 2011.
I welcome our Community Bank Advisory Council and we are happy to see all of you. Today we will talk about promoting financial education among consumers, especially young people, and about our new proposed rule on debt collection. I look forward to hearing your thoughts and concerns as we discuss these and other issues.
Bureau Releases Report on Teaching Financial Fundamentals and Offers a Tool for Educators
Today we are pleased to announce two new pieces of work in the field of financial education. First, we are issuing a new report discussing a development model that identifies the building blocks our young people need to achieve financial capability at different stages of their growth and maturity. Second, we are releasing a teaching tool that we call a “personal finance pedagogy.” This tool will help support teachers in more effectively delivering financial education to their students. The Consumer Bureau believes that these new resources will prove valuable for anyone working to promote youth financial education.
Credit Union Advisory Council Meeting, Washington, D.C.
It is a real pleasure for me to have the chance to spend some time with you today. I want to begin by thanking Chairman Ketchum, Gerri Walsh, and the rest of the FINRA team for their efforts in creating the National Financial Capability Study, which is now one of the nation’s leading surveys of financial capability.
Thank you. One thing we know from our experience here is that when we all work together to promote financial literacy, we have real opportunities to improve the financial well-being of consumers across the country.
Online Guide and Shopping Sheet Help Consumers Evaluate Costs and Shop for Auto Loans
Thank you and I am glad the Commission is focusing on post-secondary education and financial inclusion, each of which affects the financial well-being of millions of Americans. Today I will talk about some of the ways the Consumer Bureau is working to help young people and their families make more informed decisions about paying for […]
