Financial Education Clearinghouse

Financial Education Blog

Financial education news and updates from the Washington State Department of Financial Institutions.

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Financial Education Materials for Libraries

The Consumer Financial Protection Bureau (CFPB) recently launched an initiative to put free financial education materials into community libraries. The initiative started over a year ago by gathering feedback from a group of librarians. The number of libraries that wanted to participate quickly...

Guide to Reverse Mortgages

The Consumer Financial Protection Bureau (CFPB) recently updated their guide to reverse mortgages. More and more homeowners are considering tapping their home equity as they approach retirement age. Getting a reverse mortgage is one way that some older homeowners can do that. Reverse mortgages are...

Get Help with Your Health Insurance Questions

SHIBA (Statewide Health Insurance Benefits Advisors) is a free, confidential and impartial counseling resource sponsored by the Washington State Office of the Insurance Commissioner. The program consists of volunteer advisors across Washington who help consumers understand their rights and options...

Free First Time Homebuyer Education Classes

June is National Homeownership Month. At the Washington State Department of Financial Institutions (DFI) we believe in providing resources and education to Washington residents seeking homeownership. We believe better educated consumers make better financial decisions and that it’s important for...

Financial Empowerment Network Seattle-King County

Since 2006, members of the Financial Empowerment Network of Seattle-King County have been connecting low-income and working people with the services and resources they need to achieve their financial goals. The network, originally launched by the City of Seattle,  is made up of over 50 non-profit...

NASAA – Your One Stop Shop for Investor Education

Last weekend, the North American Securities Administrators Association (NASAA) held their annual Investor Educator Coordinator Conference in St Louis.   Topics covered at this year’s conference included alternative investments, behavioral finance, reaching out to military personnel, and how to...

How to Check Your Child’s Credit Report

Identity thieves target children’s Social Security numbers because children have no credit histories and because fraudulent activity may go unchecked for years. Learning that your child is a victim of identity theft is a frightening experience, so what can you do to prevent it?   Start by...

Student Loans: Comparing Options

High school seniors are probably feeling the senior bug by now. In 2 months or less, they’ll be graduated and on their way to begin their next journey in life. The Washington State Department of Financial Institution believes that with the right tools and support, all students in Washington State...

Preparing Financially for Disasters

DFI sends its condolences to those impacted by the tragic mudslide in Oso. Rebuilding and dealing with finances following a disaster can be particularly frustrating. Credit card bills, mortgage payments, and disaster related expenses can add up quickly. DFI has developed a special webpage with...

Free Foreclosure Counseling for Washington Residents

The Foreclosure Fairness Program provides Washington homeowners facing foreclosure the opportunity to talk to a housing counselor and, if necessary, be referred to mediation with their lender. Mediation is a process where the mediator helps the homeowner and the lender reach a fair, voluntary, and...