Does the CFPB have free education resources?
Financial education topic areas. This is the only source to get free credit reports authorized by federal law. This law requires each of the three largest consumer credit reporting agencies to give you a free copy of your credit report every 12 months.
What is a requirement of the CFPB?
The Act requires lenders, mortgage brokers, or servicers of home loans to provide borrowers with pertinent and timely disclosures regarding the nature and costs of the real estate settlement process. The Act also prohibits specific practices, such as kickbacks, and places limitations upon the use of escrow accounts.
Is the CFPB a good place to work?
74% of Consumer Financial Protection Bureau employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Consumer Financial Protection Bureau 4.3 out of 5 for work life balance, 3.4 for culture and values and 3.4 for career opportunities.
What is the name of the CFPB outreach program for financial educators?
Money Smart for Older Adults: Prevent Financial Exploitation is an instructor-led training curriculum developed jointly by the Federal Deposit Insurance Corporation and the Consumer Financial Protection Bureau.
Who does CFPB regulate?
We have supervisory authority over banks, thrifts, and credit unions with assets over $10 billion, as well as their affiliates. In addition, we have supervisory authority over nonbank mortgage originators and servicers, payday lenders, and private student lenders of all sizes.
What legislation created the CFPB?
In July 2010, Congress passed and President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act. The law – often referred to as the Dodd-Frank Act – created the Consumer Financial Protection Bureau (the CFPB).
What is it like to work at CFPB?
Great Work enviornment The people I worked with at CFPB were dedicated and the environment was very conducive to my learning. I was lucky enough to work when the CFPB was making great headway in improving the lives of consumers. It was a start-up environment with all hands on deck and great flexibility.
What are the 3 main components of financial literacy?
Three Key Components of Financial Literacy
- An Up-to-Date Budget. Some tend to look at the word “budget” as tantamount to the word “diet,” but at its most basic, a budget is just a spending plan.
- Dedicated Savings (and Saving to Spend)
- ID Theft Prevention.