Dec 21 -- The Consumer Financial Protection Bureau (Bureau or CFPB) invites comments by February 21, 2023 regarding its planned revision of an existing information collection titled “Evaluation of Financial Empowerment Training Program” approved under OMB Control Number 3170-0067. Written comments are encouraged and must be received on or before February 21, 2023 to be assured of consideration.
The Bureau's Office of Community Affairs (OCA) is responsible for developing strategies to improve the financial capability of low-income and economically vulnerable consumers, such as consumers who are unbanked or underbanked, those with thin or no credit file, and households with limited savings. To address the needs of these consumers, OCA has developed Your Money, Your Goals, a suite of financial empowerment materials with an accompanying training program. These resources equip frontline staff and volunteers in a range of organizations to provide relevant and effective information, tools, and resources designed to improve the financial outcomes and capability of these consumers. The collection focuses on evaluating Your Money, Your Goals virtual and in-person training practices in enhancing the ability of frontline staff and volunteers to inform low-income consumers about rights and options for managing their finances and how to prevent and address consumer harm.
Your Money, Your Goals: https://www.consumerfinance.gov/consumer-tools/educator-tools/your-money-your-goals/
Draft data collection instruments and technical documentation requested from CFPB by AEA.