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ABA: The American Bankers Association
Compliance News

CFPB Expands Financial Education Tool to Serve Active-Duty Servicemembers

The Bureau expanded its “Misadventures in Money Management,” a financial education tool initially developed for future servicemembers. The CFPB is expanding the program to serve all servicemembers on active duty, including in the Reserve or the National Guard. The program covers topics including consumer financial decision-making, choosing a financial institution, understanding protections under the Servicemembers Civil Relief Act, and understanding how debt can affect a military career.