Three things I learned at a CFPB financial empowerment toolkit training.

I’m in a city that is using a financial empowerment toolkit assembled by the Consumer Financial Protection Bureau. The training wasn’t quite as advanced as I was hoping for, but I’m glad I went. There were at least three things I learned during this training that I didn’t realize.  There might be more, but I haven’t used the toolkit yet.

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Walmart and banking

So Walmart is unregulated in the financial services market. This story is old, from May, but this has been going on for awhile. I just think that traditional banks began to take issue with it in May.  Wal-Mart financial services aren’t regulated like financial services are supposed to be, placing them on par with fringe banks or, shadow banks, I think they’re also called. So. Walmart is offering banking services. Hmmm..

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