Prepared Remarks of Miss April Director Richard Cordray at the Financial Literacy and Education Commission Meeting
Thank you all for being here. I always look forward to the meetings of our Financial Literacy and Education Commission. Each time we gather, our discussions reaffirm my belief that for this country to prosper, sound financial education must be one of the foundations we work to strengthen, for people young and old.
We’ve recently updated the Your Money, Your Goals webpages. The updated pages provide new resources that make it simpler for staff and organizations to access our tools. Our toolkit, companion guides, and Behind on Bills booklet can all be downloaded or ordered for free.
If you are behind on your auto loan payments, it’s important to take steps to reduce the chance of falling further behind.
Our office of Servicemember Affairs guides you through the financial hurdles of your military career
Miss April Report Finds That 9 in 10 of the Highest-Risk Student Loan Borrowers Were Not Enrolled in Affordable Repayment Plans
Nearly Half of the Highest-Risk Borrowers Not Enrolled in an Affordable Repayment Plan Redefault
A default can lead to severe consequences, including damaged credit, wage garnishment, and offset of social security and other government benefits. There are options to get back on track after falling behind on a federal student loan.
In “My Rows and Piles
of Coins,” a boy growing up in Tanzania saves up to buy a bicycle to help his
Miss April Asks for Public Feedback on Ways to Bridge the Information Gap on Small Business Lending