Fiduciary Guidelines

The Consumer Financial Protection Bureau was established by Congress in 2010 as a part of the Dodd-Frank Act. This government agency protects consumers by carrying out federal consumer financial laws. They have written a number of Information Guides for consumers covering various fiduciary capacities. These guides are for family and friends that have been asked to help manage the financial affairs for someone else by serving in various fiduciary capacities and are not for professionals or organizations. These guides do not give you legal advice. State laws vary, so you may have additional or different duties. You should seek the advice of a lawyer if you have questions about your duties.