January 25 2012
President’s Advisory Council on Financial Capability Helps Americans Achieve Financial Security
Pledge from National Council of Black Mayors helps create a network of local financial literacy councils
Washington, DC –During the January 19th meeting of the President’s Advisory Council on Financial Capability (Council), the Subcommittee on the Underserved and Community Empowerment announced a commitment from the National Conference of Black Mayors (NCBM) to encourage its 700 mayors to create local financial literacy councils.
To date, the following local municipalities have submitted an official letter stating the intent to create a financial literacy council: Fulton County, Georgia; City Of Miami, FL; City Of Newark, NJ; Detroit, MI. Currently, there are local Financial Literacy Councils in the State Of Wisconsin; State Of Florida; State Of North Carolina; State Of Maryland; State of Pennsylvania and the District of Columbia.
Since 1992, nonprofit Operation HOPE has grown to become the global leader in financial dignity, providing financial literacy and empowerment services to underserved communities worldwide. Through its four principle portfolios: Banking on Our Future, HOPE Coalition America, HOPE Financial Dignity & Literacy Empowerment Centers, and HOPE Corps, the organization addresses youth and adult financial literacy, economic preparedness, bridges the digital divide and promotes home ownership, assists with credit management and foreclosure prevention. With the support of more than 400 private sector companies, 5000 nonprofit organizations and schools and government partners, HOPE has reached over 2 million low-wealth individuals in 273 U.S. cities and South Africa. At the core of HOPE’s mission is a Silver Rights Movement, ensuring that free enterprise and capitalism work to provide a better future for underserved communities around the world. To learn more about HOPE, visit our blog or follow us on Facebook, Twitter and Youtube