The non-profit group Pockets Change is using hip hop to bolster financial literacy among youths. Cheddar News reporter Michelle Castillo spoke to Andrea Ferrero-Haggerty, the executive director of Pockets Change, about her approach to teaching young people how to navigate their finances. "When I was stepping out of the house and heading off to college, there were a lot of things that I had to learn really fast by making mistakes, and I want more of our students to be able to unpack those money myths that permeate our communities," she said.

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Trump Administration Shutters Consumer Protection Agency
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. Russell Vought is the newly installed director of the Office of Management and Budget. Vought directed the CFPB in a Saturday night email to stop work on proposed rules, to suspend the effective dates on any rules that were finalized but not yet effective, and to stop investigative work and not begin any new investigations. The agency has been a target of conservatives since President Barack Obama created it following the 2007-2008 financial crisis.
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