Financial Counseling and Financial Health

  • Lucy M. DelgadilloEmail author


This chapter provides an overview of financial counseling practices including required skills, content, and processes. It briefly describes the type of counseling and its developmental stages. Although financial counseling has remained relatively stable over the years, new changes are coming to the housing counseling industry, including new certifications and requirements. To this end, the chapter presents a succinct history of housing counseling and specific changes from the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. In addition to new standards and competencies for housing counselors, the chapter explains the new General Ability to Pay Rules (ATP), the Qualified Mortgage Standards (QM), amendments to High-Cost Mortgages, Truth in Lending Act, and to the Real Estate Settlement Procedures Act. The chapter concludes with the idea that financial counseling and housing counseling are components of financial health.


Consumer protection Credit counseling Financial counseling Financial health Housing counseling 


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Copyright information

© Springer International Publishing Switzerland 2016

Authors and Affiliations

  1. 1.Family, Consumer and Human Development DepartmentUtah State UniversityLoganUSA

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