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FOR IMMEDIATE
RELEASE
April 20, 2009 |
Contact: Dean DeBuck |
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OCC Publishes Newsletter Highlighting Financial Literacy
WASHINGTON — The
Office of the Comptroller of the Currency (OCC) today published
Community Developments
Investments, its on-line newsletter, which describes
financial literacy initiatives that banks and their community
partners are operating across the country.
"Financial
literacy is the first step toward financial success for our kids and
for many older consumers. These programs spread the word that
financial knowledge can help them protect, manage, and invest their
money better," said Comptroller of the Currency John C. Dugan. "For
banks that means increased opportunities to expand their customer
base and deposits, increase customer loyalty and satisfaction, and
target initiatives to low- and moderate-income communities to earn
positive CRA consideration."
This edition
coincides with National Financial Literacy Month and highlights
roles that banks can play in promoting financial stability through
local partnership efforts. Its articles describe four programs that
help banks and their community partners reach out to consumers to
encourage better money management through savings and checking
products: Bank on Cities, Operation Hope, America Saves, and the
Department of the Treasury's Community Financial Access Pilot. It
also includes a number of OCC on-line resources for bankers
interested in expanding their financial literacy programs, including
the Financial
Literacy Update and the
Financial Literacy Web
Resource Directory.
Community
Developments Investments
can be accessed on the OCC's Web site at:
http://www.occ.gov/c
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