Earlier this week, the CFPB announced that it has filed its first enforcement action under the leadership of Acting Director Uejio. The lawsuit was filed in a Virginia federal district court jointly with the Attorneys General of Virginia, Massachusetts, and New York. The complaint names as defendants Libre by Nexus, Inc.… Continue Reading
immigrants
CFPB releases issue brief on financial education programs serving immigrant populations
By Barbara S. Mishkin on
Posted in Financial Literacy, Regulatory and Enforcement
The CFPB has released an “issue brief” entitled “Financial Education Programs Serving Immigrant Populations.” The report is intended “to raise visibility about the financial education challenges that many immigrants face.”
The report shares the results of a “field scan” in which the CFPB identified financial education programs and providers and spoke with experts in the field. … Continue Reading
CFPB issues financial guides for new immigrants
By Barbara S. Mishkin on
Posted in Financial Literacy, Regulatory and Enforcement
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. … Continue Reading