FOR IMMEDIATE RELEASE
January 28, 2015
Announcement follows closed roundtable with financial industry executives, CFPB officials
Washington, DC— Today, the Financial Services Roundtable (FSR) and the Consumer Financial Protection Bureau (CFPB) announced a public-private initiative to join forces to promote effective financial education across the country.
CFPB, through its Office of Financial Education, and FSR will work together to facilitate the gathering and sharing of information about effective financial education strategies, to encourage adoption of financial education initiatives, especially in K-12 schools and in the workplace, and to protect older Americans from financial exploitation.
CFPB and FSR will host a series of working groups and listening sessions at various locations throughout the country to determine best practices and a path forward.
Details on the initiative can be found here.
Today’s announcement also featured a panel of financial services CEOs, who discussed “The Business Case for Financial Education. The panel included Kelly King, Chairman & CEO of BB&T, David Nelms, Chairman & CEO of Discover, Tim Arnold, President & CEO of Colonial Life and Alan Colberg, President & CEO of Assurant, Inc.
You can watch the panel here.
For more information, contact Alison Hawkins at Alison.Hawkins@FSRoundtable.org
The Financial Services Roundtable represents the largest integrated financial services companies providing banking, insurance, payment and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO. FSR member companies provide fuel for America’s economic engine, accounting for $92.7 trillion in managed assets, $1.2 trillion in revenue, and 2.3 million jobs. Learn more at FSRoundtable.org.