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We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.

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What is a VA fiduciary?

Answer:

A fiduciary is someone who manages money or property for someone else. The Department of Veterans Affairs (VA) appoints VA fiduciaries to manage veterans’ benefits for people who can’t manage the funds themselves. 

A VA fiduciary can only manage the benefit checks from the VA. If the person receiving the benefits has other money or property that he or she cannot manage, a VA fiduciary must have legal authority from another source to manage them.

For more information on VA fiduciaries, read this guide on managing someone else’s money.

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