U.S. millennials are lacking in their understanding of financial concepts, with only 24 percent demonstrating basic financial knowledge, according to a recent study by PwC on young adults’ financial capability.

The Consumer Financial Protection Bureau today released a new tool to help financial educators and others assess and quantify financial well-being among consumers.

The ABA Foundation announced today that it has partnered with First Book -- a nonprofit that provides access to books and educational resources to children in need -- to launch the ABA Foundation Book Award Program.

The Consumer Financial Protection Bureau is seeking regulatory approval for a national survey of consumer “financial well-being,” according to a filing in the Federal Register.

In his remarks at the ABA Annual Convention yesterday, CFPB Director Richard Cordray encouraged banks of all sizes to continue working to increase financial literacy, stressing the importance of financial education for three specific groups: students, adults in the workplace and older Americans.

How do millennials rate their self-knowledge on credit scores and bank loan underwriting?

The ABA Foundation has announced the six banks recognized for their outstanding commitment to their communities.

Of three generations queried in a Wells Fargo/Ipsos survey released yesterday, millennials expressed the most optimism about the present and future path of the economy and their current and future financial situations.

The ABA Foundation today announced a new campaign — Safe Banking for Seniors — to help bankers educate seniors and their caregiver on the risks of financial fraud. As with other ABA Foundation financial literacy programs, the foundation will provide bankers with event materials, lesson plans, media outreach tools and best practices. Bankers will be encouraged to use the resources ...

Regions Bank and Operation HOPE are empowering the underserved through financial education and money management counseling.