CFPB plans to launch financial education project for disabled individuals

Ballard Spahr LLP
Contact

The CFPB continues to seek comments on its plans to launch in the winter of 2015 what it describes as “a multi-site financial education demonstration project to provide one-on-one and group financial counseling/coaching services to individuals with disabilities transitioning into the workplace or already employed.”

The project has two goals. One goal is to improve the financial capability of approximately 15,00 disabled individuals to effectively navigate the financial marketplace. The other goal is “to build the capacity of diverse multi-sector systems (non-disability and disability) in up to 14 cities to unite around the common purpose of building financial security for individuals with disabilities.” The CFPB plans to collect monthly qualitative reports and quantitative aggregated individual data from participating sites “to document the design, growth and impact of up to 14 integrated diverse delivery models serving primarily low-income populations with disabilities.”

Comment are due on or before February 9, 2015.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ballard Spahr LLP | Attorney Advertising

Written by:

Ballard Spahr LLP
Contact
more
less

Ballard Spahr LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide