Your Money, Your Goals

Posted on December 16, 2017

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By Susan Ingles

The Consumer Financial Protection Bureau (CFPB) established its Office of Financial Empowerment in 2012.  As part of a broad plan to help low income and other economically vulnerable consumers, the CFPB created a financial empowerment toolkit and continues to add materials and resources to its program entitled “Your Money Your Goals” (YMYG).  South Carolina Legal Services was chosen to participate in the 2017 Cohort of the CFPB to train frontline staff of organizations working with the public and others in South Carolina.  As our cohort year comes to a close, we review the partnerships we created to share YMYG and the integration of this suite of resources into our direct work with clients.

In May 2017, the CFPB provided training to representatives of SCLS partners. Scott Bennett provided a day long workshop to share the YMYG Toolkit and demonstrate how frontline staff can use it in their everyday work with those they serve. Later SCLS partnered with the S.C. Department of Consumer Affairs to share the toolkit as part of our Fifth Annual Constitution Day Legal Forum.   Through partnerships with organizations throughout South Carolina, we have offered workshops in 2017 to programs such as the Drug Court of the 13th Judicial Circuit, the S.C. Association for Community Economic Development, the S.C. Commission for the Blind statewide staff, and the S. C. Victim Assistance Network Advanced Academy.

The CFPB has highlighted the work of SCLS in a YMYG case study.  Our participation in the Drug Court program is highlighted in an upcoming CFPB newsletter.  Through the 2017 Cohort, the CFPB provided technical assistance, materials and resources to SCLS.  Although our Cohort participation has come to an end, our work with financial empowerment for low income and economically vulnerable consumers will continue.

CFPB is an agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and by empowering consumers to make more control over their economic lives.  You can learn more about CFPB here https://www.consumerfinance.gov.  If you would like to request a Your Money, Your Goals presentation for your organization, contact our attorney, Susan Ingles, at ruralclinics@sclegal.org.

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