Consumer Education

Is a Joint Account Right for You?

The ABA Foundation and AARP have produced an infographic to help seniors understand the risks of joint bank accounts, which are sometimes used to help seniors manage their finances by giving caregivers access to funds.

FDIC Consumer News

The latest issue of FDIC Consumer News includes A Bank Customer’s Guide to Cybersecurity: What Consumers Can Do... and What Banks and Regulators Are Doing ... to Help Prevent Online Fraud and Theft.

Consumer Financial Protection Bureau (CFPB)

Congress established the CFPB in 2010 to carry out Federal consumer financial laws, conduct rule-making, supervision, and enforcement for such laws, restrict unfair or deceptive practices, promote financial education, research consumer behavior, monitor financial markets for new risks to consumers. Visit their website here.

The Financial Literacy and Education Commission

The Financial Literacy and Education Commission offers a financial literacy education web site here. It contains financial information from the 21 federal agencies, departments and bureaus that comprise the FLEC. It also provides money management tools, including a financial savings calculator, worksheets for establishing a household budget and a college preparation checklist.

Georgia Consortium for Financial Literacy

The Georgia Consortium for Personal Financial Literacy helps Georgians make wise decisions by promoting a supportive business community, educational institutions, and media, legal and regulatory systems. See what they offer here.

Payday Loans

The Consumer Federation of America provides information about high-cost small dollar loans, including payday loans, car title loans, bank overdrafts, and refund anticipation loans here. For payday loans, consumers can click on their state to check the legal limits and requirements that apply and to find contact information for their state regulators. Research and reports, testimony and consumer advice are also available on the website.

Money Smart by FDIC

Money Smart provides a financial education curriculum designed to help consumers understand basic financial services, develop money-management skills and learn how to use banking services effectively. The FDIC’s updated curriculum incorporates recent changes to the law and industry practices. Updates to the curriculum reflect changes in amendments pertaining to credit card rules, the overdraft opt-in rule and more. Additionally, a new financial recovery module is available. Visit the Money Smart website here.