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Financial Literacy Banking Sector

McDermott Will & Emery

Video: Leaders Moving Business Forward with Kirupa Pushparaj of Step

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More than 47% of the world's population and 30% of the US population do not have access to a bank account. Step, the banking app, is helping to foster financial literacy in teens and other traditionally underserved...more

Ballard Spahr LLP

CFPB urges more consumer control over payment methods

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As one of his final actions before resigning last Friday from the Consumer Financial Protection Bureau, Director Richard Cordray sent letters to the chief executives of 29 banks, credit unions, and other financial companies...more

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CFPB issues fifth Financial Literacy Annual Report

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The CFPB has issued its fifth Financial Literacy Annual Report to Congress. The report describes the CFPB’s ongoing financial literacy work, “with an emphasis on work during October 2016 through September 2017.”...more

Ballard Spahr LLP

CFPB releases report on financial well-being of consumers and new consumer tool

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The CFPB has released a new report, “Financial well-being in America,” and a new on-line interactive tool that allows consumers to measure their own financial well-being and access CFPB resources intended to help consumers...more

Ballard Spahr LLP

FTC launches military task force webpage

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The FTC has launched a new page on its website dedicated to its Military Task Force. According to the FTC, it created the Task Force “to focus on identifying the particular needs of military consumers and developing...more

Ballard Spahr LLP

The CFPB’s arbitration rule video: education or lobbying?

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In a new video posted on its website entitled “CFPB’s New Arbitration Rule: Take Action Together,” the CFPB tells consumers that arbitration agreements prevent them from joining together to hold companies accountable for...more

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FTC Releases Agenda And Panelists For Upcoming Military Consumer Financial Workshop

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On July 19, the Federal Trade Commission will hold a workshop in San Antonio titled the “2017 Military Consumer Financial Workshop: Protecting Those Who Protect Our Nation.” The FTC has uploaded an agenda and list of...more

Ballard Spahr LLP

CFPB issues fourth Financial Literacy Annual Report

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The CFPB has issued its fourth Financial Literacy Annual Report to Congress. The report covers the CFPB’s activities to improve consumer financial literacy during the period from October 2015 through September 2016. The...more

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CFPB issues report on achieving youth financial capability

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The CFPB has issued a report that describes a new “developmentally informed, skills-based model” for helping youth achieve financial capability. Entitled “Building blocks to help youth achieve financial capability,” the...more

Ballard Spahr LLP

Financial Literacy Highlighted in Director Cordray’s remarks to the American Bankers Association

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Financial literacy was the focus of Director Richard Cordray’s remarks last week at the American Bankers Association Annual Convention. He identified three areas where the CFPB is focusing its efforts and where financial...more

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CFPB issues third Financial Literacy Annual Report

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The CFPB has issued its third Financial Literacy Annual Report to Congress. The report covers the CFPB’s activities to improve consumer financial literacy during the period from June 2014 through September 2015. The report’s...more

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