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Full Committee Hearing
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Financial Literacy and Education: The Effectiveness of Governmental and Private Sector Initiatives
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Tuesday, April 15, 2008, 10:00 a.m., 2128 Rayburn House Office Building
Full Committee
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Financial Services Committee to Hold Hearing on Financial Literacy and Education
Washington, DC – House Financial Services Committee Chairman Barney Frank today announced that the committee will hold a hearing on financial literacy and education, and will examine the effectiveness of governmental and private sector initiatives.
“Learning to manage one’s spending is the most important thing an individual can do to ensure their family’s financial future. Unfortunately, too many Americans right now are struggling with unmanageable mortgage payments, credit card debt, and out-of-control spending habits,” said Financial Services Committee member Rep. Rubén Hinojosa. “Next week’s hearing is part of an on-going effort to discover what financial literacy programs work and find ways to incorporate financial education into the classroom and into the day-to-day lives of consumers. It will be a detriment to our nation’s economic future if so many Americans continue to mismanage their money, credit, and debt.”
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Witness List & Prepared Testimony:
Panel one
- The Honorable Anna Escobedo Cabral, Treasurer of the United States, U.S. Department of the Treasury
- The Honorable JoAnn Johnson, Chairman, National Credit Union Administration
- The Honorable Dean Martin, Treasurer, State of Arizona
- Ms. Sandra Braunstein, Director of the Division of Consumer and Community Affairs, Federal Reserve Board of Governors
- Mr. Robert W. Mooney, Deputy Director for Consumer Protection and Community Affairs, Federal Deposit Insurance Corporation
- Ms. Cassandra McConnell, Director, Consumer and Community Affairs, Office of Thrift Supervision
- Mr. Barry Wides, Deputy Comptroller for Community Affairs, Office of the Comptroller of the Currency
Panel two
- Mr. Robert Duvall, President and Chief Executive Officer, National Council on Economic Education
- Mr. Marc Morial, President and Chief Executive Officer, National Urban League
- Ms. Jill Docking, President and Founder, Financial Fitness Foundation
- Mr. Stephen Brobeck, Executive Director, Consumer Federation of America
- Ms. Janis Bowdler, Associate Director for Wealth Building Policy Project, National Council of La Raza
- Ms. Phyllis Frankfort, President and Chief Executive Officer, Working in Support of Education
- Mr. Dallas Salisbury, American Savings Education Council and President and Chief Executive Officer of the Employee Benefit Research Council
Printed Hearing: 110-105
Related Documents: Congressman Donnelly, Congressman Carson, Congresswoman Brown-Waite, Congressman Hinojosa
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