In the Know: Empowering Low Income and Economically Vulnerable Consumers
With more than 100 million Americans considered low-income and economically vulnerable, the Consumer Financial Protection Bureau (CFPB) hosted a November 2012 convention of financial empowerment experts, stakeholders and policymakers to share their recommendations for improving the delivery of financial products and services to at-risk populations.
Many low-income wage earners lack access to a bank account and possess a minimal and/or negative credit history. This report from the Consumer Financial Protection Bureau brings to light expert observations and conclusions that may be of a benefit to economically-vulnerable populations and strategies to ensure better participation rates in traditional financial products.
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In the Know is a bi-monthly feature on the LEAD Center blog that will highlight important resources and information about the employment, policy and economic advancement of people with disabilities. To find even more useful resources, visit the LEAD Center Resource Center.