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March 09 2015

Operation HOPE Founder Reports Progress on Commitments to Advance President Obama’s Advisory Council on Financial Capability for Young Americans

John Hope Bryant announces new HOPE Inside for Ferguson and a dedicated Fellow for the Committee Chairman of the President’s Advisory Council on Financial Capability for Young Americans, Meeting on March 3, 2015

WASHINGTON, DC – March 9, 2015 – Operation HOPE Founder, Chairman and CEO John Hope Bryant travelled to the U.S. Treasury Department to attend a meeting of the President’s Advisory Council on Financial Capability for Young Americans (Council), on March 3. There he highlighted Operation HOPE's progress to bring services to youth in underserved communities, since the last Council meeting. (View the Council meeting here.)

Bryant reported a commitment from the Casey Family Programs, through HOPE, to endow a dedicated fellow to support Chairman John Rodgers up to 20 hours a week for one-year, to help forward the Council’s agenda. He also reported on the progress on the commitment he made to the committee to bring empowerment to communities, specifically Ferguson, MO, announcing that Operation HOPE would be opening a HOPE Inside in April, sponsored by Regions Bank. "The office will promote financial capability, financial literacy, EITC, My IRA, offer HUD-certified services, and a range of other support," he said.  

Bryant is one of two Council Members that have served for all three of the historic federal financial inclusion advisory council agencies. Prior to the official meeting, Bryant met with Secretary Jacob Lew of the Department of Treasury in a private session to exchange ideas and thoughts around initiatives to help Americans understand their finances.

To begin the official meeting Secretary Lew gave opening remarks. He spoke to the importance of increasing opportunities for upward economic mobility in the U.S. through the promotion of financial capability among young Americans in schools, colleges, communities and the workplace.

The Council, established by Executive Order in June 2013, seeks to promote financial capability among young Americans and encourage building the financial capability of young people at an early stage in schools, families, communities, and the workplace. The multi-faceted Council provides understanding into innovations within the financial capability space; helps bridge public-private partnerships that drive youth financial empowerment and lastly, it produces Federal policy recommendations, which are delivered to the President, in a year-end report.

Operation HOPE staff members who play an important role in furthering HOPE’s government affairs and public policy issues, attended in support of Bryant’s Council work. They were: Chief Executive Officer, New York and Division President, HOPE Youth Empowerment Group Mary Hagerty Ehrsam; First Senior Vice President, Chief of Government Affairs and Public Policy Jena Roscoe.