CFPB Makes a Sad Decision When it Comes to Consumers and Debt

The Consumer Financial Protection Bureau just made what I think is a poor decision when it comes to consumers and debt. They announced the members of the new Consumer Advisory Board: Chair of the CAB – Eric Kaplan, Director – Housing Finance Program, Milken Institute (Washington, DC) Joaquin Altoro, CEO, Wisconsin Housing & Economic Development … Read more

Can Consumers Count on the NFCC to Find the Right Credit Counseling Agency?

Sometimes the strangest stories come out of the simplest questions. In this case it was an inquiry about National Foundation for Credit Counseling (NFCC) agencies in Connecticut. From the NFCC credit counseling agency locator page for Connecticut there were 25 agencies listed. So having some time to kill, research ensued. But what was perplexing was … Read more

Newly Blended Trade Association Moves Forward in Debt Relief Industry

It’s always nice to see groups in the debt relief industry come together for the greater good. Effective in the early hours of 2016, two trade groups, mostly representing credit counseling organizations, decided to merge to become something bigger and better. The Association of Credit Counseling Professionals, Inc., known as ACCPros, and the Financial Counseling … Read more

National Foundation for Credit Counseling®, American Library Association Join Forces to Better Serve Military and their Families

Members of the U.S. armed forces, Coast Guard, veterans, and their families face financial challenges often not adequately addressed by resources designed for the general public. Two leading nonprofit organizations are now working together to deliver financial education solutions to members of the military and their families in libraries across the country. The National Foundation … Read more

Synchrony Financial Drops $4 Million on Credit Counseling

Synchrony Financial has committed a $4 million grant to the National Foundation for Credit Counseling® (NFCC®) in support of the next phase of the Sharpen Your Financial Focus™ (Sharpen) initiative. The Sharpen program allows consumers to identify their most pressing financial issue, and then helps them select appropriate solution options through education and counseling. The … Read more

NFCC Poll Reveals When Consumers Prefer to Shop for School Supplies

National Foundation for Credit Counseling Parents who wait until the last minute to buy school supplies can run into some serious credit card debt if they aren’t careful. Washington, DC (PRWEB) August 12, 2015 Based on the results of a July National Foundation for Credit Counseling® (NFCC®) Financial Literacy Online poll, the calendar doesn’t have … Read more

Poll Results Show Credit Cards Stay Home This Summer

National Foundation for Credit Counseling (NFCC) While using cash or a debit card is a great way to avoid going into debt, there are some additional considerations that should be made before making them the only options for travel. Washington, DC (PRWEB) July 30, 2015 The June online poll conducted by the National Foundation for … Read more

Higher Credit Card Debt and Fewer Assets Are Among Challenges Faced By Military

Washington, DC (PRWEB) July 02, 2015 Active members of the military, veterans, and their families are routinely facing complex challenges in their daily lives. Thankfully, there is a growing awareness of the benefit that support networks can play in helping our heroes tackle serious medical, logistical and transitional issues. Among the matters that weigh heavy … Read more

NFCC© Helps Consumers Fight Rising Home Energy Costs

The National Foundation for Credit Counseling© (NFCC©) offers tips to help ease the financial pinch of seasonal energy consumption. Washington, DC (PRWEB) June 26, 2015 Sizzling heat and freezing temperatures can take a sizable chunk out of household budgets throughout the year, making seasonal extremes seem even more miserable. The Energy Information Administration (EIA), in … Read more

National Foundation for Credit Counseling Welcomes New Members

Washington, DC (PRWEB) April 14, 2015 The National Foundation for Credit Counseling® (NFCC®) proudly announces the addition of two new members. NeighborWorks Umpqua and Take Charge America joined the NFCC during the first quarter of the year, bringing the total membership to 77 agencies with nearly 600 community-based locations across America. “We are pleased to … Read more

National Foundation for Credit Counseling Gets a Load of Cash for Housing Assistance

WASHINGTON, D.C. – March 18, 2015 – (RealEstateRama) — The National Foundation for Credit Counseling (NFCC) is pleased to announce that it has received a grant award totaling $2.3 million from NeighborWorks® America to support foreclosure prevention efforts through its Member Agencies. The NFCC grant is part of $44.8 million in federally appropriated funds awarded … Read more

Student Loan Debt Relief and Credit Counselors in 2015 and Beyond

Legitimate Debt relief services are often boiled down to 3 categories, which include nonprofit credit counseling agencies, debt negotiators, and bankruptcy attorneys. I want to focus on the role of today’s credit counselors, and how they can fill a larger pair of shoes this year and beyond, with a keen focus on student debt. Student … Read more

Is Consumer Credit Counseling Becoming Less Relevant?

I could not help but notice the number of new financial initiatives that seem to just disregard Consumer Credit Counseling as we know it with groups like the National Foundation for Consumer Credit. Could it be true that out in the wider world the NFCC and its members have just lost their luster? Here is … Read more

Did the CFPB Just Totally Blow Off CCCS and NFCC?

I could not help but notice an absence of some familiar faces in an announcement by the Consumer Financial Protection Bureau (“CFPB”) today on financial education. The CFPB announced an inspired national project to help those most in need to get more education about managing their finances. You would have expected the National Foundation for … Read more

Credit Counseling Services and the Bankruptcy Conundrum

A press release out by Advantage Credit Counseling Service drew me to their site today. – Source. While there I came across a good example of the ethical conundrum facing nonprofit credit counselors today. Advance Credit Counseling Service is not alone in dealing with this problem. According to the Advantage Credit Counseling Service website they … Read more