July/August 2020

Financial Literacy Update: July/August 2020

This publication is a part of:

Collection: Financial Literacy Updates

The Office of the Comptroller of the Currency (OCC)'s Financial Literacy Update is a bimonthly e-newsletter that reports upcoming events, new initiatives, and related resources of the OCC and other government agencies and organizations. The Financial Literacy Update provides brief descriptions for upcoming events in chronological order. New initiatives and resources are listed in alphabetical order. Visit www.occ.gov/flu for more information. We welcome your feedback.


COVID-19 

American Bankers Association

Consumer Financial Protection Bureau

Commodity Futures Trading Commission

Federal Communications Commission

Federal Deposit Insurance Corporation

Federal Trade Commission

Financial Health Network

Foundation for Financial Planning

George Washington University Global Financial Literacy Excellence Center

Internal Revenue Service

National Credit Union Association

National Disability Institute

National Housing Conference

OCC’s HelpWithMyBank

Operation HOPE

U.S. Consumer Product Safety Commission

U.S. Department of Defense

U.S. General Services Administration

U.S. Securities and Exchange Commission

Events 

Military Consumer Month
July 2020 (Nationwide)

The Federal Trade Commission, the U.S. Department of Defense, and the Consumer Financial Protection Bureau and their military consumer partners on the Military Consumer initiative share tips and resources with service members and their families to help them manage money, deal with debt, and avoid scams.

Virtual Professional Development for Personal Finance Teachers
July–August 2020 (Online)

Next Gen Personal Finance offers interactive, collaborative professional development training, including personal finance content, strategies, and resources for the classroom.

Virtual Teacher Workshops in Southeastern U.S.
July–August 2020 (Online)

The Federal Reserve Bank of Atlanta sponsors teacher workshops and events online and in Alabama, Florida, Georgia, Louisiana, Mississippi, and Tennessee. These events cover a variety of financial capability and economics topics.

2020 Virtual $tart $mart Teacher Summit
August 3, 2020 (Online)

The Utah Jump$tart Coalition sponsors this one-day, virtual professional development training for Utah educators.

Association of Military Banks of America Fall Workshop
August 31 and September 1, 2020 (Online)

This fall workshop supporting the military community will be held online this year.

HOPE Global Forums 2020 Annual Meeting
October 19−20, 2020 (Atlanta)

Operation HOPE sponsors this global forum to inspire innovation and thought leadership toward an inclusive global economy. Meet with government, corporate, and community leaders from around the world for three days of discussions, networking, and turning ideas into action.

Initiatives 

CFP Volunteer Match
The Foundation for Financial Planning facilitates the connection between financial planners who want to help and nonprofit organizations that have virtual pro bono opportunities. Nonprofit organizations can post volunteer opportunities that engage Certified Financial Planning professionals in one-on-one or interactive, small-group virtual sessions with people in need.

Veterans Benefits Banking Program
The U.S. Department of Veterans Affairs (VA), in partnership with the Association of Military Banks of America, provide veterans and their beneficiaries the opportunity to safely, reliably, and inexpensively receive and manage their VA monetary benefits through financial services at participating banks.

Resources 

Consumer.gov
This Federal Trade Commission website provides resources about credit, debt, identity theft, and avoiding scams, as well as budgeting, opening a bank account, shopping for prepaid cards, and managing money in general. The website is available in Spanish at www.consumidor.gov/.

FDIC Consumer News: Wondering If Your Deposits Are Fully Insured?
This edition of the Federal Deposit Insurance Corporation’s Consumer Newsletter discusses the electronic deposit insurance estimator, an online tool that determines if individual accounts are fully insured.

FDIC Deposit Insurance Education Materials
The Federal Deposit Insurance Corporation has made significant improvements to its deposit insurance education materials. The changes are designed to allow the public to quickly access basic information while still offering the traditional in-depth and comprehensive deposit insurance information.

Fintech Over 50: Designing for Low- to Moderate-Income Older Adults
This Financial Health Network report offers recommendations for financial technology customer experience design that financial services innovators can use to overcome barriers and reach older adults.

IdentityTheft.gov
This Federal Trade Commission website helps people report and recover from identity theft. It is available in Spanish at Robodeidentidad.gov.

Isolated? Don’t Make Snap Investment Decisions
This Commodity Futures Trading Commission article provides investing guidance for people who feel socially isolated.

Keys to Financial Inclusion Podcast Series
The National Disability Institute’s Center for Disability-Inclusive Community Development offers these podcasts to raise awareness about disability-inclusive community development.

MilSpouse Money Mission
This website contains financial literacy resources designed for military spouses and aims to create a community they can turn to for trusted financial education. The information is provided by a team of financial professionals and vetted by the U.S. Department of Defense Office of Financial Readiness.

MoneySKILL
The American Financial Services Association Education Foundation offers this free, online personal finance curriculum to educators (including parents). The curriculum has 37 modules focused on a variety of topics, including income, expenses, saving and investing, credit, and insurance. The curriculum is available in English and Spanish and is audio-equipped for English users.

MyCreditUnion.gov
The National Credit Union Administration’s official consumer protection website, MyCreditUnion.gov, offers educational information, resources, and articles designed to help individuals make smarter financial decisions and better choices with their money.

MyMoney.gov
This U.S. Department of the Treasury website provides financial education information and resources from across the federal government. The website highlights MyMoney Five (which provides links to resources and tools related to five principles for managing money), a research clearinghouse, games for youth focused on money, and a section on financial choices for major life events.

OCC Financial Literacy Resource Directory
The resource directory provides information on financial literacy resources, issues, and events of importance to bankers, organizations, and consumers of all ages. The resource directory includes descriptions of, and contact information for, government programs on financial literacy education and capability. It also includes organizations whose missions are to support financial literacy through campaigns, fact sheets, newsletters, conference materials, publications, and websites.

Retirement Security and Financial Decision Making
This Consumer Financial Protection Bureau research brief addresses whether people who retired between 1992 and 2014 had the income, savings, or non-housing assets to maintain the same level of spending for at least five consecutive years after retiring.

SEC Investor.gov Alerts and Bulletins
The U.S. Securities and Exchange Commission’s Office of Investor Education and Advocacy provides numerous news alerts and bulletins for individual investors. Learning how to invest wisely and safely can assist investors in reaching their financial and retirement goals. These reports help inform investors about fraud and other information relevant to investing in stocks, bonds, mutual funds, and other securities.