This morning I was at the White House for a meeting hosted by Elizabeth Warren, head of the Consumer Financial Protection Bureau. The purpose of the gathering was to engage the faith community on issues of financial reform, particularly since synagogues and other houses of worship are on the front lines helping their congregants deal with the repercussions of abusive financial practices, such as bad mortgages, payday loans, and exorbitant interest rates.
The meeting was a free and frank exchange of ideas concerning the CFBP’s mission and work. The agency is focusing heavily on enforcement of the new Wall Street Reform and Consumer Protection Act and working to educate Americans about smart financial practices.
To that end, their new website is chock full of resources. I particularly like the link to the My Money site, with information on the basics of financial education. There are resources on managing debt, retirement savings, mortgages, budgeting worksheets, and knowing your consumer rights. Check it out – if there’s information you think should be there and isn’t, let me know and I’ll pass it along.