ODEP and CFPB Issue Memorandum Promoting Financial Capability of Workers with Disabilities
On August 7, 2014, the U.S. Department of Labor’s Office of Disability Employment Policy (ODEP) and the Consumer Financial Protection Bureau (CFPB) released a joint memorandum calling on state and local governments, community development organizations, employers and employment groups and disability stakeholders and advocates to help people with disabilities build their own financial futures as an important component toward reaching individual employment goals and participation in the economic mainstream.
Working together, ODEP and CFPB’s inter-agency approach seeks to improve the financial health of Americans with disabilities through a coordinated blending and braiding of shared resources and leveraging of partnerships both inside and outside the federal workforce system.
Within the memorandum, both federal agencies highlight important, readily available financial tools and the work being done in American Job Centers, in coordination with the LEAD Center, to connect individuals with and without disabilities to the information and services needed to enhance their financial capability. The memorandum also lists the LEAD Center along with ODEP and CFPB as a resource on these issues.