CFPB Launches Financial Education Program (Aug. 4, 2014)
The CFPB has launched a program for low-to-moderate income consumers that includes counseling from national and local social services staff and a Website featuring financial education tools. The new online toolkit, Your Money, Your Goals, is designed to improve consumers’ financial decision-making skills and includes information on budgeting daily expenses, managing debt and ordering and fixing credit reports. The program also will train social services staff to help their clients learn financial decision-making skills to avoid financial missteps.
As part of the launch, several organizations announced they are joining the CFPB in training social services staff to use the toolkit. Participating organizations include: U.S. Department of Agriculture Cooperative Extension, the National Association of Community Health Centers’ Community HealthCorps, Los Angeles County Department of Consumer Affairs, Catholic Charities USA and Community Action Partnership.
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