New funds will support financial education programs Nuevos fondos para programas de educación financiera – Manhattan Times News

New funds will support financial literacy programs

The new funding will help educate consumers on the use of credit, banking, savings and debt, among other financial topics.

From fraud to financial literacy.

More than $230,000 is being provided to the New York City Department of Consumer and Worker Protection (DCWP) to support free financial literacy programs from the office of New York Attorney General Letitia James.

The funding, which comes from a previous consumer fraud settlement won by the Federal Trade Commission (FTC) and James’ office, will help provide New Yorkers with free, confidential one-on-one financial counseling at empowerment centers DCWP NYC financial institution.

The funds will be used to help educate consumers about using credit, banking, savings, debt, safe and affordable financial services and student loans, DCWP said.

“Financial literacy is a key pathway to economic justice and equity, especially for vulnerable communities,” James said in a statement. “This funding will support essential programs that help protect consumers from fraud and empower New Yorkers to make responsible financial decisions.”

“Financial education is a critical pathway to economic justice,” said Attorney General Letitia James.

The funds stem from an earlier settlement with direct marketer Allstar Marketing Group, LLC for deceptive practices that concealed fees from consumers ordering products primarily advertised through television infomercials. Thousands of customers have been hit with unexpected charges added by Allstar’s misleading online and phone ordering processes, James said.

According to DCWP, NYC Financial Empowerment Centers have helped over 66,000 clients collectively save over $10 million.

Among other services, the centers will help clients to: manage their money and establish a spending plan, open a bank account, write letters to creditors to reduce payments or temporarily suspend payments due to difficulties, develop a strategy to minimize debt and access local resources, state and federal emergency resources.

Services are available in person at the centers or by telephone and in several languages.

The centers have helped more than 66,000 customers collectively save more than $10 million, according to the DCWP (Commissioner Vilda Vera Mayuga is seated at right).

“Whether you’re grappling with a job loss or the cost of inflation, struggling with a credit card or student loan, or struggling to budget your paycheck – Financial Empowerment Centers of the city can help New Yorkers become more financially stable,” DCWP said. Commissioner Vilda Vera Mayuga. “I thank the Attorney General for recognizing the importance of this assistance and for sending us these funds to raise awareness of this invaluable service.”

To book an appointment at one of DCWP’s Financial Empowerment Centers, go to or call 311 and say “Financial Counseling.”

New funds for financial education programs

El nuevo financiamiento ayudará a educar a los consumers sobre el uso del credito, la banca, el ahorro y la deuda, entre otros temas financiers.

From fraud to financial education.

El Departamento de Protección al Consumidor y al Trabajador (DCWP, por sus siglas en inglés) of the City of Nueva York has received over $230,000 annually for free financial education programs from the oficina de la fiscal general de Nueva York, Letitia James.

Los fondos, que proceden de un acuerdo previo sobre fraud al consumidor alcanzado por la Comisión Federal de Comercio (FTC, por sus siglas en inglés) y la oficina de James, ayudarán a proporcionar a los neoyorquinos orientación financiera gratuita y confidencial de forma individual en los Centros de Capacitación Financiera del DCWP.

Los fondos se utilizarán para ayudar a educar a los consumers en el uso del credito, la banca, el ahorro, la deuda, los servicios financiers seguros y asequibles, y los préstamos estudiantiles, dijo DCWP.

“Financial education is a road to economic justice”, said fiscal general Letitia James.

“Financial education is a road to economic justice and equity, especially for vulnerable communities,” James said in a statement. “Esta financiación apoyará critical programs that ayudan a proteger a los consumers del fraud ya capacitar a los neoyorquinos de a pie para tomar decisiones financiersas responsible”.

The funds proceed from a prior experience with the direct marketing company Allstar Marketing Group, LLC, for practices that cover cargoes to consumers that carry products advertised mainly through television infomercials. Según James, miles of customers will be affected by unexpected cargoes añadidos through engañosos processes of pedidos in line and by telephone by part of Allstar.

Según el DCWP, los centros de capacitación financiera de Nueva York han has helped over 66,000 clients with a horrar collection of over $10 million.

Between otros servicios, los centers ayudarán a los clients a: administrar el dinero y elaborar a plan de gastos, abrir una cuenta bancaria, redactar maps a los acreedores para reducir los pagos o suspenderlos temporalmente por difficulties, déarrollar una estrategia para minimizar la deuda y obtain access to recursos de emergencia local, estatales y federales.

Los centros have helped over 66,000 customers with a staggering collection of over $10 million, según DCWP (la comisionada Vilda Vera Mayuga está sentada aquí a la derecha).

The services are available in persona en los centers o por teléfono y en varios idiomas.

“Ya sea que esté lidiando con la pérdida de empleo o el costo de la inflation, luchando con la deuda de tarjetas de credito o préstamos estudiantiles, o teniendo difficulties para presupuestar su check de pago, los Centros de Empoderamiento Financiero de la ciudad pueden ayudar a los neoyorquinos a ser más estables financieramente”, dijo la comisionada del DCWP Vilda Vera Mayuga.
To schedule a quote in one of the Centros de Capacitación Financiera del DCWP, visit or call 311 y diga “Financial Counseling”.