HR 6012
Consumer Financial Education and Empowerment Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Consumer Financial Education and Empowerment Act establishes a grant program within the Consumer Financial Protection Bureau (CFPB) to support financial literacy programs offered by nonprofits, state, and local governments. These programs can cover a wide range of topics, including credit, student loans, homeownership, and retirement planning. The program will utilize funds from the CFPB’s Civil Penalty Fund, and a commission will periodically assess and recommend improvements to the grant program.
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