February 27 2014
The Department of Labor and the US Financial Literacy & Education Commission Join for a Roundtable Discussion on Project 5117
ATLANTA – February 25, 2014 – Following a meeting to celebrate America Saves Week, representatives from the Financial Literacy and Education Commission (the Commission) and from the Department of Labor join for a Roundtable discussion at the Operation HOPE (HOPE) HOPE Inside at Ebenezer (Financial Dignity Center).
The discussion, focused on Project 5117 – a HOPE initiative to bring economic equality to the underserved, was led by HOPE Founder, Chairman and CEO John Hope Bryant and James “Jay” Bailey HOPE CEO for the Atlanta Market. Committee members included: U.S. Treasury Melissa Koide Deputy Assistant Secretary For Consumer Policy; Louisa Quittman Director of the Treasury Office of Financial Education; Michael Wade, Carol Quiller Senior Tax Analyst National Partnerships Atlanta Headquarters; also participating were Phyllis Borzi Assistant Secretary Employee Benefits Security Administration U.S. Department of Labor, Washington, D.C.; Judy Mares, Deputy Assistant Secretary Employee Benefits Security Administration U.S. Department of Labor Washington, D.C.; Meredith Regine Special Assistant Employee Benefits Security Administration U.S. Department of Labor Washington, D.C.; Isabel Colon, Atlanta Regional Director, Employee Benefits Security Administration, U.S. Department of Labor, Atlanta, GA; and Lindsay Williams, Office of Public Affairs, U.S. Department of Labor, Atlanta, GA.
Also in attendance were HOPE staff members Jena Roscoe First SVP, Chief of Government Affairs, Public Policy and Walter Jackson Vice President of the Financial Dignity Center Ebenezer in Atlanta.
During this time the Commission shared how they teach the public the 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. This type of dialogue and interaction provides the Commission insights on the important work occurring in the region and across the country.
Since its inception in 1992, HOPE, a global nonprofit focused on financial dignity, has empowered more than 2 million individuals and directed more than $1.5 billion in private capital to America's low-wealth communities. It has recruited a growing army of 20,000 HOPE Corps volunteers, and helped raise average credit scores for financial case management clients more than 120 points over an average 18-month period.
HOPE currently serves more than 300 U.S. cities, as well as South Africa, Saudi Arabia, Morocco and most recently, the United Arab Emirates. HOPE's next phase is focused on Project 5117, a multi-year initiative that tracks and increases business role models for youth, boost credit scores for adults, and empower underserved communities, as a part of its “silver rights” mission to make free enterprise work for everyone.