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Money Monster - Character in CFPB's Financial Literacy Curriculum for Kids CFPB Financial Education Project Launch in Chicago, Illinois, 2014 U.S. Consumer Financial Protection Bureau (CFPB). The CFPB is a US agency that offers a variety of financial education resources and tools aimed at empowering consumers.
Financial literacy is the possession of skills, knowledge, and behaviors that allow an individual to make informed decisions regarding money. Financial literacy, financial education and financial knowledge are used interchangeably. [1] Financially unsophisticated individuals cannot plan financially because of their poor financial knowledge.
The Financial Literacy and Education Commission (the Commission) was established under Title V, the Financial Literacy and Education Improvement Act which was part of the Fair and Accurate Credit Transactions Act (FACT) Act of 2003, to improve financial literacy and education of persons in the United States.
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During Financial Literacy Month in 2006, The Financial Literacy and Education Commission unveiled a new national strategy in their report "Taking Ownership of the Future: The National Strategy for Financial Literacy". [10] The report outlined a series of outreach and education goals for the public and private sectors aimed to help Americans ...
In the college financial aid process in the United States, a student's "need" is a figure that colleges use when calculating how much financial aid to offer a student. It is determined by taking the college's Cost of Attendance , which current rules require each college to specify.