This Week in Washington

CFPB promotes financial literacy month

This Week in Washington
Thursday, April 05, 2012

April is financial literacy month, and the Consumer Financial Protection Bureau (CFPB) says it’s teaming up with other government agencies and businesses to promote financial literacy. The bureau says it plans to provide financial tips and facts for consumers throughout the month.

“CFPB Director Richard Cordray and the staff of the CFPB are taking a leading role in spreading the word about the benefits of knowing more about money,” Dan Rutherford wrote in a CFPB blog. “Being informed is your best defense against the tricks and traps found in some financial products.”

In the blog, Rutherford touted the bureau’s new Ask CFPB search tool that seeks to assist consumers find answers to their questions about credit cards, mortgages and credit scores.

The bureau also indicated that consumers can file complaints about mortgages, credit cards, deposit accounts, vehicle loans and student loans on its website. If consumers are simply looking to get the word out about their experiences, they can share their stories online as well.

The CFPB announced that it will be hitting the road this month to attend the following events:

  • Gail Hillebrand, the CFPB’s associate director of consumer education and engagement, will speak during Financial Literacy Day on the Hill on April 17. She will also participate in the sixth annual Financial Literacy and Education Summit, co-hosted by the Chicago Federal Reserve Bank and Visa Inc., on April 23.
  • On April 19, Assistant Director Camille Busette, from the CFPB’s Office of Financial Education, will be the luncheon speaker during the Texas Panhandle Community Asset Building Forum, hosted by the Dallas Federal Reserve Bank and the City of Amarillo.
  • And, on April 21, Rutherford will present an overview of how the CFPB is helping consumers during the New York Public Library’s Financial Empowerment Day.
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