August 22, 2019

Today: CFPB, CUs share tips on saving during NAFCU webinar

piggybankNAFCU is offering a webinar today featuring representatives from the CFPB and association-member credit unions who will discuss financial literacy efforts to encourage consumers to save. The webinar is set to begin at 2 p.m. Eastern; register for it now.

A recent report from the bureau found that many consumers don't have enough liquid savings to cover unexpected, emergency expenses. As a result, it launched a new initiative – "Start Small, Save Up" – aimed at helping consumers improve their financial stability. During today's webinar, credit unions will learn more about the initiative and ways to educate members on the importance of saving.

CFPB Assistant Director for the Office of Financial Education Janneke Ratcliffe, State Department Federal Credit Union COO Bill Thorla and Lafayette Federal Credit Union Senior Vice President of Risk Management Lynn English will share their insights during today's webinar, moderated by NAFCU Regulatory Affairs Counsel Mahlet Makonnen.

Many credit unions offer services to help members reach their financial goals. NAFCU has shared with lawmakers and regulators credit unions' efforts to ensure Americans make well-informed financial decisions and that vulnerable populations are protected from financial exploitation.

More CFPB financial literacy resources are available; the NCUA also has resources available to both credit unions and members.

Webinars are available on-demand for a year after their original air date. See what other webinars NAFCU has available through its Online Training Center; participants have the opportunity to earn various education credits for attending certain webinars.