The CFPB Dodd-Frank Mortgage Rules Readiness Guide

The Consumer Financial Protection Bureau (CFPB or Bureau) is updating the CFPB Dodd-Frank Mortgage Rules Readiness Guide (Guide) to help financial institutions come into and maintain compliance with the mortgage rules outlined in the Summary of the Rules in this Guide. The CFPB has designed this Guide for use by institutions of all sizes. Consists of Summary of the Rules, Readiness Questionnaire, Frequently Asked Questions, Tool

Consumer Financial Education and Financial Capability

The purpose of this study was to explore potential effects of financial education on the financial capability of American consumers. Data from the 2012 National Financial Capability Study were used to test the hypothesis that financial education is positively associated with financial capability. Four financial literacy and behaviour variables were used to form a financial capability index. Multivariate linear regression results showed that, after controlling for demographic and financial variables, respondents who ever received financial education had higher scores in all financial capability indicators (objective financial literacy, subjective financial literacy, desirable financial behaviour, perceived financial capability and the financial capability index). In addition, high school, college and workplace financial education variables showed positive associations with these financial capability indicators. Additional state comparison analyses provided evidence suggesting high school financial education may have direct impacts and spillover effects on consumer financial capability

Learn More about Changes in the Student Loan Space, the CFPB’s Institutional Lending Work and Tool Updates!

Come learn about the CFPB’s new and innovative research, monitoring, and law enforcement work in the student lending space. Additionally, come learn more about our free resources and exciting new updates to some of our existing tools. You’ll leave with a sense of the work the Bureau’s doing to help student borrowers and resources to help your institution