September/October 2020
Financial Literacy Update: September/October 2020
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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
America Saves COVID-19 Resources
American Bankers Association
Commodity Futures Trading Commission
- Be on Alert for Frauds Seeking to Profit From Market Volatility
- Beware of Fee Scams Targeting Workers Sidelined by COVID-19
Consumer Financial Protection Bureau
- Protecting Your Finances During the Coronavirus Pandemic
- Financial Education Resources for Older Adults, Their Families, and Practitioners During the Coronavirus Pandemic
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
Military Saves COVID-19 Resources
National Credit Union Administration
National Disability Institute
National Housing Conference
Next Gen Personal Finance
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
Virtual Professional Development for Personal Finance Teachers
September–October 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.
September–October 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.
Annual Financial Literacy & Economic Education Conference
September 30−October 2, 2020 (Virtual)
The Council for Economic Education hosts this event for K 12 educators. Conference sessions and workshops provide actionable tactics to help incorporate economics and financial literacy in classes.
Virginia Jump$tart Coalition Financial Literacy Summit
October 12, 2020 (Virtual)
The Virginia Jump$tart Coalition hosts this annual event. Learn about resources and best practices for teaching personal finance education in person and online.
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
LifeSmarts Online Consumer Challenge
The National Consumers League hosts LifeSmarts, an online competition open to all students in grades 6–12. This September, LifeSmarts celebrates 27 years of empowering teens to become smart, savvy consumers. Each month, LifeSmarts focuses on a different category important to teen consumers: personal finance, health and safety, consumer rights, technology, and the environment. Students compete online and in person throughout the year to win scholarships and prizes. Experts in LifeSmarts subject areas are needed to serve as judges and officials at the state and national competitions.
Pro Bono Planner Match
This Foundation for Financial Planning program helps bring free financial advice and planning to people in need by matching certified financial planner professionals with volunteer opportunities nationwide.
#ResilientPwD Text Campaign
This National Disability Institute campaign delivers text messages to people with disabilities and chronic health conditions. The campaign helps combat financial and emotional stress and feelings of isolation during the COVID-19 pandemic.
Resources
6 Steps to Take After Discovering Fraud
This Commodity Futures Trading Commission customer advisory provides tips to protect consumers from further theft, information about how to lodge a fraud complaint, and guidance to avoid fraud in the future.
America Saves Week 2020 Report
This report discusses the results of the 2020 America Saves Week campaign.
Beware of Gold and Silver Schemes Designed to Drain Your Retirement Savings
This Commodity Futures Trading Commission customer advisory warns consumers about scams targeting retirement accounts.
Building Blocks of Youth Financial Capability
The Consumer Financial Protection Bureau offers activities to teach youth financial literacy skills that are designed for use in a single class period for grade levels K-12 and can be integrated into a variety of subject areas.
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/.
Don’t Be Re-Victimized by Recovery Frauds
This Commodity Futures Trading Commission customer advisory discusses the warning signs to look for and tips to help avoid recovery frauds.
FDIC Consumer News: Working Through Financial Difficulty
This Federal Deposit Insurance Corporation newsletter discusses how banks and consumers can work together in difficult financial times.
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.
HOPE in Hand App
Operation HOPE offers this digitized financial education and coaching app.
IdentityTheft.gov
This Federal Trade Commission website helps people report and recover from identity theft. It is available in Spanish at www.robodeidentidad.gov.
Information About Stimulus Payments in American Sign Language
These National Disability Institute videos provide critical information about the recent stimulus payments to the deaf and hard-of-hearing community. The videos answer questions about the qualifications for stimulus payments, how to check the status of a stimulus payment, and what to do if a stimulus payment is not received.
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.
NGPF Video Library
Next Gen Personal Finance offers a library of personal finance videos.
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.
Protecting Deaf and Hard-of-Hearing Communities From Investment Scams
This U.S. Securities and Exchange Commission video offers information to help protect the hearing-impaired community from fraudsters.
Resources to Build an Elder Fraud Prevention and Response Network
This Consumer Financial Protection Bureau guide is intended to bring together local community stakeholders in the fight against elder financial exploitation and fraud.
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 help investors reach 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.
Targeting Credit Builder Loans
This report presents the results of a Consumer Financial Protection Bureau-funded evaluation of a Credit Builder Loan product.
Your Financial Path to Graduation
This Consumer Financial Protection Bureau tool helps students who have received financial aid offers make informed decisions about what to do next.