Financial Literacy


Dream of Homeownership Eludes Black America as Mortgage Denials Persist

Why is access to homeownership still so out of reach for consumers of color? Why do so many blacks and Latinos continue to suffer disproportionate denials for mortgage loans?

Civil Leaders, Lawmakers Say Court Wrong to Weaken CFPB

After returning billions of dollars in restitution that helped more than 25 million consumers plagued with financial struggles, the Consumer Financial Protection Bureau was dealt a judicial low blow.

Financial Literacy Is Important for the Expected and Unexpected

Financial literacy is imperative when it comes to obtaining many things we want in life, especially those that may require financing.

10 Must-Know Facts to Help You Build and Manage Your Credit

Many consumers have questions about how credit works and the tangible habits that can help manage it responsibly.

Want to Buy a Home? 10 Ways to Save for Your Down Payment

If you dream of owning your own home but don't think you have enough money for a down payment, take another look. You could already have enough, or you might be closer than you think.

Can Healthy Habits Contribute to Financial Security?

When it comes to feelings about finances, working Americans are practically split down the middle, according to a recent study.

Claim Your Financial Power — Now

Many people get caught up with the idea of making a lot of money to achieve their financial goals. While a high income is appealing, what you do with the money you earn matters the most.

Dealing with Financial Crisis

At some point, we are all likely to face financial crisis: an unexpected expense, a layoff, illness or injury. To overcome such a crisis, you must be forward thinking and disciplined in managing your money.

Lessons Learned from the Great Recession

Eight years ago, the world as we knew it began to crumble. Everything we knew to be enduring became fragile, weak and vulnerable. The economic conditions were atrocious, so lest we forget, please review the facts.

Know Your Consumer Rights Under the Fair Debt Collection Practices Act

An old adage teaches that one man's pain is another's gain. That adage is a truism when it comes to the debt collection industry and the estimated 77 million people who have past-due debts.

The 5 Deadly Questions You Must Answer Before Starting a Business

Small businesses die daily, with most failing within the first five years, regardless of the circumstances.

Insurance Coverage for Your Autos

You’ve purchased a new vehicle and as the new car smell overwhelms you, the salesperson has to verify your insurance coverage. This represents one of your best opportunities to create a coverage plan designed to meet your specific needs.

Providing Pathways to Financial Freedom in the District of Columbia

As the chief financial services regulator of the District of Columbia, my primary responsibility is to make sure that residents have choices in financial services in the District, and that they are treated fairly by the companies and individuals that ...

The Power of Entrepreneurship: An Alternative Route to Financial Literacy

Nowadays, financial literacy has become a loose word where people just use it offhandedly and it has come to sound cliché when it really means a lot and can have dire consequences to those who don't understand it and don't ...

A Letter of Appreciation to All Who Decided to Open Accounts in Black Banks: This Might Prove to Be a Game-Changer

As president of the National Bankers Association, whose members include many of the black-owned banks that received and are still receiving an unprecedented level of support from all over America, I would like to extend heartfelt gratitude by simply saying: ...