WASHINGTON (1/22/14)--Registration has opened for two upcoming Financial Literacy and Education Commission (FLEC) events, both scheduled for February.
As part of America Saves Week, the FLEC is holding a field hearing on improving employee financial capability through workplace financial education in Atlanta from 1 to 3:30 p.m. (ET) Feb. 25.
The hearing will share the commission's work with the public on promising practices for delivering financial education in the workplace; existing opportunities, challenges and barriers to delivery of financial education in the workplace; and strategies for engaging employees around financial education in the workplace.
The session will be webcast through a link to be made public at a later date, or interested parties can use the first resource link below to register to attend in person.
On Feb. 12, the FLEC will hold its next public meeting, which will focus the commission's study on ways 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.
The meeting is scheduled for 9-11:30 a.m. (ET) and registration is open until Feb. 5 or until capacity has been met (use resource link).
The FLEC is comprised of representatives from the National Credit Union Administration, the U.S. Treasury Department, the U.S. Department of Education, the White House, and 18 other governmental groups. It's currently chaired by U.S. Secretary of Treasury Jacob Lew, and Consumer Financial Protection Bureau Director Richard Cordray is the vice chairman.
Last year, a FLEC field hearing on youth and post-secondary financial education, organized by the CFPB, featured Lois Kitsch, national REAL Solutions program director at the National Credit Union Foundation, and Jennifer Block, who represented Royal CU, based in Eau Claire, Wis.
The credit union duo helped provide insight on opportunities and best practices for using experiential learning to help youth increase financial capability and to augment financial education lessons taught in the classroom.
Kitsch spoke primarily on NCUF's work with Reality Fairs, which are interactive financial literacy tools for high school students that have proven successful for many credit unions and state leagues. Twenty-six states offer students Reality Fair programs--14 of which can be tied directly to REAL Solutions.
The FLEC was established under the Fair and Accurate Credit Transactions Act of 2003 and is charged with creating a national strategy on financial education.