Financial Education

CBA is committed to the goal of expanding financial education and improving consumers' understanding of the complexities of consumer financial services-whether in mortgages, credit cards, student loans, deposit products, or all the myriad ways in which consumers interact with financial services in this complex economy.
  • October 17, 2014
    White House Announces Action on Data Security and Consumer Financial Transactions On Friday, October 17, 2014, the President signed an Executive Order directing the government to lead by example in securing transactions and sensitive data. The BuySecure Initiative is intended to provide consumers with more tools to secure their financial future by assisting victims of identity theft, improving...
  • September 26, 2014
    CBA-AOL Finance Optimism Drops 4 Points from July The CBA-AOL monthly Finance Optimism Index has found Americans' financial optimism decreased to -7.0. This is a month-over-month drop of 4.0 points, bringing the Index to its lowest point in 2014. All four components of the Index, including perception of current and future finances as well as economic and political news, turned slightly more...
  • September 26, 2014
    CFPB Announces Project Catalyst Pilot On Thursday, September 25, 2014, the CFPB announced a research pilot titled Project Catalyst to examine the effectiveness of early intervention credit counseling for consumers who are at risk of default on their credit card debt. "Managing credit card debt can be stressful for consumers and will affect their ability to access credit in the future," said CFPB...
  • September 25, 2014
    Washington, D.C. (September 25, 2014) – The Consumer Bankers Association (CBA) and AOL Inc. (AOL) monthly Finance Optimism Index has found Americans’ financial optimism decreased to -7.0. This is a month-over-month drop of -4.0 points, bringing the Index to its lowest point in 2014. All four components of the Index, including perception of current and future finances as well as economic and...
  • September 12, 2014
    Home Depot Breach Verified – Brace for Impact This week we learned what many of us had feared -- the mother of all breaches is upon us with the verification of Home Depot's lapsed security. Already many of our banks have identified patterns of behavior consistent with a data breach in certain geographical areas. While fraud seems limited at this moment, cyber-criminals could begin dumping...
  • September 8, 2014
    Website Tells the Story of the Private Student Loan Market Washington, D.C. (September 8, 2014) – The Consumer Bankers Association (CBA) today launched PrivateStudentLoanFacts.com, to help tell the story of the success of the private student loan market. The microsite provides useful statistics and data on private student loan performance, as well as a myth vs. fact section. Finally, there are...
  • September 5, 2014
    CFPB Eyes Credit Card Interest Rate Promotions On Wednesday, September 3, 2014, the CFPB issued a bulletin cautioning credit card issuers on interest rate promotions to consumers. "Credit card offers that lure in consumers and hit them with surprise charges are against the law," said CFPB Director Richard Cordray, alluding to marketing practices by credit card companies when providing "grace...
  • August 29, 2014
    CFPB to hold Auto Finance Field Hearing On Thursday, August 28, 2014, the CFPB announced it will host a field hearing focused on auto finance on Thursday, September 18, 2014, in Indianapolis, IN. CFPB Director Richard Cordray will make remarks, and consumer groups, industry representatives, and members of the public will also participate. The hearing is open to the public, but RSVP is required...

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