The Delaware Bank Commissioner this week will award $340,000 to schools, non-profits, and community organizations to fund financial literacy courses, according to a report from Delaware Public Media. The state last distributed financial-literacy grants, which are funded via revenue from a license fee on businesses that extend high-cost payday and car title loans dollars, in 2017.
The application deadline is October 1st. “We have targeted some of these grants at populations that are different geographically or might have limited access to some of those resources, specific emphasis on veterans and members of the military, seniors, minority communities,” says Doug Denison with the Delaware Department of State.
The AFSA Educational Foundation shares that commitment for providing students of all ages with the fundamentals of money management. AFSAEF offers its free MoneySKILL program to consumers in all 50 states. Students at the elementary school level access grade-appropriate content in subject areas, such as income, expenses, saving and investing, credit, and insurance. The high school and college courses are designed to be integrated into course work on economics, business, math or personal finances. MoneySKILL curriculums are updated annually to keep current with the needs of students.
Learn more at afsaef.org.
Delaware State Fund Highlights Importance of Financial Education
Aug 21, 2019
The Delaware Bank Commissioner this week will award $340,000 to schools, non-profits, and community organizations to fund financial literacy courses, according to a report from Delaware Public Media. The state last distributed financial-literacy… Read the rest
Back to School with AFSA Webinars
Aug 19, 2019
As the summer winds down and kids head back to school, it's a great time to reengage on the issues and opportunities facing the consumer credit industry. AFSA webinars are a great way to jump back in and get informed. Complimentary to AFSA… Read the rest
Federal Housing Finance Agency Releases Credit Score Model Rule
Aug 16, 2019
On August 13, 2019 the Federal Housing Finance Agency (FHFA) released a final credit score rule for Fannie Mae and Freddie Mac (the GSEs). This rule implements requirement that were enacted as part of the Economic Growth, Regulatory Relief,… Read the rest
Policymakers move to protect servicemembers
Aug 15, 2019
The Consumer Financial Protection Bureau and the Arkansas attorney general’s recent settlement with Andrew Gamber and the three companies he owned and operated – Voyager Financial Group LLC, BAIC Inc. and SoBell Corp. –… Read the rest
WSJ article outlines danger of debt “settlement” companies
Aug 15, 2019
Last week, The Wall Street Journal published an article (may be behind the paywall) entitled “That Offer to Make You Debt-Free? It Can Make You Worse Off.” The piece detailed the unethical practices that the debt-settlement … Read the rest
AFSA SGA hits the road
Aug 14, 2019
Last week, AFSA State Government Affairs attended the American Association of Residential Mortgage Regulators (AARMR) 30th Annual Regulatory Conference in San Diego, California. The annual conference provides an opportunity for industry… Read the rest
Get a Jumpstart on the Future of Lending
Aug 14, 2019
Join us August 22 at 2 p.m. ET for “Future of Lending: Innovations Driving Credit Decisions,” presented by Experian. Presenter Amy Graybill, VP, USIS Strategic Initiatives will walk attendees through advancements in data … Read the rest
Head back to school with AFSAU!
Aug 13, 2019
Are you looking to take your compliance training to the next level? Have a fresh compliance training program but need a bit more substance? AFSAU is exactly what you need and it’s more affordable than ever.
Check out a small selection … Read the rest
CFPB Releases Outcomes from Use of Alternative Data in Credit Underwriting
Aug 12, 2019
The Consumer Financial Protection Bureau (CFPB) has released information from its review of alternative data underwriting by Upstart Network, Inc. (Upstart). Upstart received a No-Action Letter from the CFPB in 2017 that allowed the company… Read the rest
AFSA Attends NCSL Legislative Update
Aug 09, 2019
This week, AFSA’s State Government Affairs team attended the National Conference of State Legislatures (NCSL) meeting in Nashville, Tenn. With over 6,000 attendees, NCSL’s annual legislative summit is the largest gathering… Read the rest