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News Release 2012-61 | April 17, 2012

Office of the Comptroller of the Currency Recognizes Financial Capability Month at Capitol Hill Event

WASHINGTON—The Office of the Comptroller of the Currency recognized Financial Capability Month by participating in the annual Financial Literacy Day on Capitol Hill.

"Financial Capability Month helps consumers understand that financial education provides a solid foundation to help them make sound financial decisions," said Comptroller of the Currency Thomas J. Curry. "The OCC encourages national banks and federal savings associations to collaborate with community organizations to promote financial capability in their communities."

The OCC is a member of the federal Financial Literacy and Education Commission, which manages, the federal government’s Website dedicated to financial capability. The site provides a variety of resources from the OCC and the other 22 federal agencies that are part of the commission. The resources help people make the best decisions about buying homes, balancing checkbooks, investing in 401(k) plans, and other financial matters. The commission also developed a national strategy: Promoting Financial Success in the United States: National Strategy for Financial Literacy 2011, which articulates a vision of sustained financial well-being for individuals and families in our nation and sets strategic direction for policy, education, research, and coordination in the financial capability and education field.

Visitors to the event also received a number of the agency's publications on financial capability, including consumer advisories and the most recent "Financial Literacy Update. "Staff also promoted the OCC's Website, which provides answers to 250 common banking questions covering such topics as credit cards, bank accounts, mortgages, consumer loans, insurance, identity theft, and safe deposit boxes. The site also includes links and references to financial information and an online consumer complaint form.

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