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Thursday, November 20, 2014

Financial Education Materials for Libraries

The Consumer Financial Protection Bureau (CFPB) recently launched an initiative to put free financial education materials into community libraries.

The initiative started over a year ago by gathering feedback from a group of librarians. The number of libraries that wanted to participate quickly swelled to over 100 library systems. These 100 systems have more than 450 branches and receive more than 76 million visits a year.

Website with Resources
As part of the initiative, the CFPB has developed a webpage where librarians can obtain program ideas, online resources, and free government publications.

You can access the resources at http://www.consumerfinance.gov/library-resources/

Learn More
If you’re a librarian and interested in learning more, contact the CFPB at financialeducation@cfpb.gov

Thursday, November 13, 2014

DFI Releases Annual Top Threats Facing Investors List

The Washington State Department of Financial Institutions (DFI) and the North American Securities Administrators Association (NASAA) released their annual list of scams likely to trap investors.

Regulators are seeing classic threats to investors morph into new or altered dangers, many fueled by the Internet. Overarching all of these threats are unlicensed agents selling unregistered products to unsuspecting investors.

View the Investment Threats List

Wednesday, November 5, 2014

Good Read: Ideas to Improve Financial Lives, From the Treasurer’s Office

The New York Times recently ran an article on Treasurers around the country improving the financial lives of citizens through innovative programs.

In San Francisco, for example, treasurer Jose Cisneros set up a program to offer low income residents free or low-cost bank accounts. The program has been replicated in more than 100 cities.

It’s a great read and can be found at http://www.nytimes.com/2014/11/04/business/state-and-local-treasurers-use-money-skills-to-aid-lower-income-residents.html?_r=0  

Here in Washington, the Office of the State Treasurer supports several financial education efforts, including the popular Financial Football and Soccer games being played in schools across the state.

To learn more visit http://www.tre.wa.gov/resources/financialEducation.shtml

Tuesday, November 4, 2014

Spanish Version of Money Smart for Older Adults Now Available

The Federal Deposit Insurance Corporation (FDIC) and Consumer Financial Protection Bureau (CFPB) recently released a Spanish-language version of the Money Smart for Older Adults curriculum.

The Spanish-language version is the companion to the English-language program jointly developed last year by the two agencies. The instructor-led module includes practical information that can be put to use right away. It is designed to be delivered to older adults and their caregivers by representatives of financial institutions, adult protective service agencies, senior advocacy organizations, law enforcement and others that serve this population.

For more information on the program, visit http://www.fdic.gov/consumers/consumer/moneysmart/olderadult.html

Wednesday, October 8, 2014

Consumer Financial Protection Bureau Seeking Organizations to Host Financial Coaches

Last year, the Consumer Financial Protection Bureau (CFPB) announced an initiative to place trained financial coaches in organizations across the country.

The financial coaches will provide coaching to consumers, including veterans and those who are low-income or economically vulnerable.

The CFPB has contracted with the Armed Forces Services Corporation (AFSC) to run the initiative.
AFSC is looking for 20 organizations, in geographically diverse locations across the country that serve economically vulnerable consumers, to host financial coaches.

Washington organizations are encouraged to check out the criteria to see if their organization or one in their community might be the right fit.

Application submissions are due October 15, 2014.

For more information, visit http://financialcoachingservices.com/