LEAD Center Webinar Highlights Consumer Financial Protection Bureau
On February 26, the LEAD Center, in collaboration with ODEP and the Consumer Finance Protection Bureau (CFPB) Office of Financial Empowerment, held the second webinar in the Promoting Economic Advancement Series, Integrating Employment and Financial Capability Services: New Pathways to Economic Stability. This webinar provided an overview of new resources and expertise CFPB brings to help jobseekers and workers, including persons with disabilities, increase their financial capability as they enter or advance in employment. ODEP and CFPB also discussed a new partnership between the agencies, through which they are working together to advance positive financial behaviors and greater economic self-sufficiency for individuals with disabilities.
CFPB’s Office of Financial Empowerment is part of the Division of Consumer Education and Engagement. CFPB was created to help make financial products and services work for all Americans by ensuring transparency in the marketplace. This means that prices are straightforward, risks are visible, and consumers have access to the information they need to make informed financial decisions for themselves and their families. The Office of Financial Empowerment focuses on the unique challenges faced by low-income and economically vulnerable consumers — people, including people with disabilities, who often face significant barriers and deceptive practices that impede their ability to achieve employment and long-term economic stability
Webinar attendees represented workforce professionals, policy makers, community-based services providers and individuals with disabilities from 35 states and the District of Columbia. This webinar attendance reflects a growing understanding of the need to integrate employment and financial capability services to ensure that individuals with disabilities are prepared for hiring practices that include credit checks. This also highlights the need for people to seek and secure positions that will meet their monthly financial needs, enable them to engage in short- and long-term savings opportunities (including emergency savings and retirement plans) and decrease financial stress that can interfere with productivity and success on the job.
Join the LEAD Center on April 23, 2014, from 3:00 - 4:30 p.m. ET for the first webinar in our Leadership/Public Policy series, Section 503: Connecting Jobseekers with Disabilities and Federal Contractors through the Workforce Development System.