Organizations Unveil Joint Initiative to Promote Financial Education
The Consumer Financial Protection Bureau (CFPB) has joined forces with the Financial Services Roundtable in a nationwide public-private initiative to promote effective financial education. On January 28, FSR president and CEO Tim Pawlenty and CFPB director Richard Cordray joined top business leaders at a forum in Washington to formally unveil the program.
The group discussed ways they can work together to encourage adoption of financial education initiatives, especially in K-12 schools and in the workplace, and to protect older Americans from financial exploitation. The forum featured a panel of financial services CEOs who discussed the business case for financial education. Among them were EverFi partners Discover and BB&T.
Here’s what BB&T’s Chairman & CEO Kelly King had to say about their approach to financial education:
BB&T has partnered with EverFi to bring critical financial literacy education to more than 800 high schools across 11 states. The BB&T Financial Foundations Program has reached nearly 160,000 students since the program’s inception in 2010.
In December, BB&T launched an adult financial education program for all of its associates. This 90-minute interactive course covers critical topics such as saving, investing, planning for retirement, and financing higher education.
We are proud to partner with organizations like BB&T that are truly improving the economic well-being of the communities they serve.