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News Now

Washington
Youth, workplace fin. ed. get FLEC Feb. spotlight
WASHINGTON (2/12/14)--The Financial Literacy and Education Commission (FLEC) is holding two financial literacy policy discussions this month: an open meeting today on coordinated efforts to boost youth financial literacy and a field hearing Feb. 25 on improving employee financial capability through workplace financial education.
 
Todays' public meeting in Washington, D.C., scheduled to start at 9 a.m. (ET), will focus on ways that the federal government can work with the private sector and state, local, and tribal governments to promote savings and build the financial capability of young Americans. Credit Union National Association Assistant General Counsel Luke Martone is attending.
 
The Feb. 25 field hearing, part of America Saves Week, will share the commission's work on financial education in the workplace--but also provide FLEC members with information on existing best practices, existing opportunities, challenges and barriers, and strategies for engaging employees around financial education in the workplace.
 
The dialogue, to be held at the Sam Nunn Federal Building in Atlanta, will provide the commission insights into the important work occurring both in the Atlanta region and across the country. It is scheduled to start at 1 p.m. (ET).
 
The commission was established in 2003 under the Fair and Accurate Credit Transactions Act and is chaired by the secretary of the U.S. Treasury Department and the vice chair is the director of the Consumer Financial Protection Bureau. FLEC is comprised of the heads of 20 additional federal agencies, including the National Credit Union Administration.
 
The NCUA has reminded credit unions that the annual America Saves Week and Military Saves Week, Feb. 24-March 1, provides a good opportunity to further their efforts to educate their members and members' families about the importance of saving.


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