Alert December 11, 2012

CFPB Seeks Public Comment on Its Proposed Information Collection on Financial Education Program Evaluation

The CFPB issued a notice and request for comment concerning its proposed “Clearance for Financial Education Program Evaluation.” The CFPB’s Office of Financial Education is responsible for developing and implementing strategies to increase consumers’ financial literacy and ability to make informed financial choices. The OFE seeks to collect information designed to identify financial education programs with a focus on “increasing household non-retirement savings and/or reducing financial distress.” Written comments are due by January 7, 2013 and a copy of the proposed collection is available by writing to the address contained in the notice.