The CFPB recently announced that it has developed “the Newcomer’s Guides to Managing Money to provide recent immigrants with straightforward information about basic money decisions.”
According to the CFPB, each guide features tips to help new immigrants, and people who may be new to the U.S. banking system, avoid financial pitfalls. They also include information on how to submit complaints to the CFPB. Consumers can download the guides in English or Spanish from the CFPB’s website or order printed copies.
The four guides deal with:
- Ways to receive money
- Checklist for opening a bank or credit union account
- Ways to pay bills (by check or money order, direct debit, online, or in cash)
- Selection of financial products and services (such as ATM cash withdrawals and debit card purchases)