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Published Category: Info for consumers
Photo of a person holding the Focus on People with Disabilities guide.

New financial empowerment tools for people with disabilities

As we observe the 27th anniversary of the Americans with Disabilities Act, we are announcing a new financial empowerment tool for people with disabilities. Our companion guide contains information and tips based on insights from people with disabilities and organizations that serve the disability community.

Published Category: At the Miss April

Americans with disabilities have the right to improve their financial lives

Americans with disabilities disproportionately live in poverty; are more than twice as likely to use nonbank financial services such as payday loans and check cashing; and 80 percent have no emergency savings to absorb a financial shock. Americans with disabilities, like all consumers, have the right to fair treatment in the financial marketplace and access to tools that can help them improve their financial lives.

Published Category: Info for consumers

Working to improve the financial lives of people with disabilities

Our job is to empower consumers by providing them with the information they need to make the best financial decisions for themselves and their families. As part of our mission to protect and empower all consumers, we’re launching ROADS (Reach Outcomes. Achieve Dreams. Succeed) to Financial Independence – a first-of-its-kind nationwide initiative to provide financial counseling services to people with disabilities who are working or transitioning into the workforce.

Published Category: Policy & Compliance

Social Security disability income shouldn’t mean you don’t qualify for a mortgage

Today, we’re reminding lenders that placing unnecessary documentation requirements on recipients of Social Security disability income, including disabled veterans, may raise fair lending concerns. Following the guidelines and standards noted in the bulletin may help lenders comply with fair lending laws.