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Financial Literacy Update

January / February

The Office of the Comptroller of the Currency (OCC)'s Financial Literacy Update is a bimonthly e-newsletter that reports financial literacy events, new initiatives, and related resources of the OCC and other government agencies and organizations.

Financial Literacy Update provides brief descriptions and web links for events in chronological order. It lists new initiatives and resources (with web links) in alphabetical order. We welcome your feedback.

Have an upcoming financial literacy event, new tool, or product? Please e-mail us at Online versions of Financial Literacy Update are available at


Coaching Essentials
February 14 and 28, 2019 (Nationwide)
The Association for Financial Counseling and Planning Education (AFCPE) offers this webinar on the philosophy and principles of coaching. Upon completion of the training, participants will be able to take the core essentials of financial coaching and put them into practice.


Financial Coaching Fundamentals and Specialty Training on the Web
January–February 2019 (Nationwide)

Change Machine offers regularly scheduled web-based training on financial coaching. The presentations cover financial security fundamentals and specialized topics.

Next Gen Personal Finance FinCamp
January–February 2019 (Nationwide)

Next Gen Personal Finance (NGPF) offers these one-day, professional development workshops for personal finance educators. There is no cost to attend.

Teacher Workshops in Southeastern U.S.
January–February 2019

The Federal Reserve Bank of Atlanta sponsors numerous teacher workshops and events in Alabama, Florida, Georgia, Louisiana, Mississippi, and Tennessee. These events cover a variety of financial capability and economics topics.

EITC Awareness Day
January 25, 2019 (Nationwide)

This 12th annual event promotes public understanding of the Earned Income Tax Credit (EITC). The website explains how to participate in EITC Awareness Day and about the availability of free tax preparation sites.

Conversation with the Chair: A Teacher Town Hall Meeting
February 6, 2019 (Nationwide)

The Federal Reserve System hosts this annual event for kindergarten through post-secondary teachers. The Chairman of the Board of Governors of the Federal Reserve System will give opening remarks and take questions from audiences across the country.

America Saves Week
February 25−March 2, 2019 (Nationwide)

The Consumer Federation of America, the American Savings Education Council (ASEC), and America Saves sponsor the annual America Saves Week. The goal is to encourage people, particularly lower-income families, to save money and build wealth. The event offers information and advice on paying down debt, building an emergency fund, and saving for a home, education, and retirement.

NCRC Annual Conference
March 11–13, 2019 (Washington, D.C.)

The National Community Reinvestment Coalition’s annual conference brings together community nonprofits, policymakers, government officials, small businesses, banks, and academia to discuss creating a just economy. NCRC’s National Neighbors Silver initiative will also include the sixth annual Age-Friendly Banking Convening.

Money Smart Week
March 30−April 6, 2019 (Nationwide)

Money Smart Week is a public awareness campaign designed to help consumers better manage their personal finances. Hundreds of organizations across the country—including businesses, financial institutions, schools, libraries, nonprofit groups, government agencies, and the media—come together to stress the importance of financial literacy.

Annual Conference on Financial Education
March 25–27, 2018 (Denver, Colo.)

The Institute for Financial Literacy hosts its Annual Conference on Financial Education. The conference offers professional development and networking opportunities for those involved in financial literacy education.

2019 National Bank On Conference
May 29, 2019 (Washington, D.C.)

The Cities for Financial Empowerment (CFE) Fund sponsors this conference that brings together key stakeholders from multiple sectors across the country to discuss innovations in safe and affordable financial products, strategies for banking access connectivity, and measuring banking access success.


2019 High School Student Scholarship Contest
The Utah Jump$tart Coalition sponsors this contest for Utah high school seniors who produce creative, informative YouTube videos about keeping college debt to a minimum. Six students can win a $1,250 scholarship.

2019 Kentucky Saves Week Poster Contest
The Kentucky Jump$tart Coalition sponsors this contest for students in grades 5-8. The theme is the “ABCs of Saving,” and one winner from each grade level will win a $50 prize.

Bank On Capacity Grants
The CFE Fund’s Capacity Grant aims to assist leadership on local Bank On coalitions in expanding banking access. Local Bank On coalitions can apply; applicants should be coalition leaders, from either city or local government agencies, or nonprofit community organizations working in concert with local government. These capacity grants can be as high as $25,000 and are presented on a rolling basis.

Bank On Startup Grant
The CFE Fund’s Bank On Startup Grant supports new or newly re-launched Bank On coalitions in laying the foundation and developing the necessary infrastructure for coalition success. These capacity-building grants support local coalitions in the adoption of the Bank On National Standards and in launching or re-launching local Bank On initiatives. The CFE Fund will make grants of up to $5,000 on a rolling basis.

Foundation for Financial Planning Grant Opportunity
The Foundation for Financial Planning is accepting grant applications from nonprofit organizations whose programs link pro bono financial planners to people in need. The programs should include one-on-one engagements between pro bono clients and planners, and they should be scalable, replicable, and sustainable. The grants range from $5,000 to $40,000, and applications should be submitted from January 15 to April 30, 2019.

Get Back to Class with the SIFMA Foundation
The SIFMA Foundation’s Invest It Forward financial education and capital markets literacy initiative connects educators and classrooms with financial industry professionals and firms to promote youth financial capability across the U.S.

LifeSmarts Online Consumer Challenge
The National Consumers League hosts LifeSmarts, an online competition open to all students in grades 6–12. This September, LifeSmarts celebrates 25 years of empowering teens to become smart, savvy consumers. Each month, LifeSmarts focuses on a different category important to teen consumers: personal finance, health and safety, consumer rights, technology, and the environment. Students compete online and in person throughout the year to win scholarships and prizes. Experts in LifeSmarts subject areas are also needed to serve as judges and officials at the state and national competitions.


2017 Federal Deposit Insurance Corporation (FDIC) National Survey of Unbanked and Underbanked Households
The FDIC released the results of its biennial survey of unbanked and underbanked households.

AARP—Small Business Administration Webinars
The AARP and the U.S. Small Business Administration (SBA) host new webinars and republish previous webinars to educate people who want to start businesses or expand existing ones.

Big Data on Small Savings
EARN and Commonwealth offer this report on the results of their prize-linked savings initiative.
This Federal Trade Commission (FTC) website contains free resources about credit, debt, identity theft, and avoiding scams, as well as budgeting, opening a bank account, shopping for prepaid cards, and managing money in general. The website is available in Spanish at

The 2019–20 Free Application for Federal Student Aid (FAFSA) form launched on October 1, 2018. This year, students can fill out the FAFSA form using the new myStudentAid app and the redesigned website. Please encourage students to spend time on their phones! In addition to the new app, the website was redesigned so the site’s pages fit the screen size and shape of any device, including desktop or laptop computers and mobile devices.

FDIC Insurance Deposit Education Materials
The FDIC has made significant improvements to its deposit insurance education materials. The changes are designed to allow the public to quickly access basic information while still offering the traditional in-depth and comprehensive deposit insurance information.

Glossary of English-Spanish Financial Terms
The Bureau of Consumer Financial Protection has updated its Spanish glossary of financial terms.
This FTC website is the federal government’s one-stop resource to help people report and recover from identity theft. It is available in Spanish at

Lifting the Weight: Solving the Consumer Debt Crisis for Families Communities and Future Generations
The Aspen Institute’s Expanding Prosperity Impact Collaborative offers this report that identifies options for reducing consumer debt.

Managing Someone Else’s Money
The BCFP offers these guides for financial caregivers. The site also offers a video that shares experiences of two caregivers helping a loved one manage their money.
The National Credit Union Administration’s (NCUA) official consumer protection website,, and its financial literacy microsite, Pocket Cents, offer educational information, resources, and articles designed to help individuals make smarter financial decisions and better choices with their money.
This U.S. Department of the Treasury site is a one-stop shop for Americans looking for financial education information and resources from across the federal government. The website highlights MyMoney Five, a research clearinghouse with information and games focused on youth and a section on disaster recovery tools.

The Present and Future of Bank On Account Data: Pilot Results and Prospective Data Collection
The Cities for Financial Empowerment Fund, in partnership with the Federal Reserve Bank of St. Louis, offer this data on 2017 Bank On Account usage at four pilot institutions. This report discusses the relevant account data that can be collected, how it might be collected, and what it might show. The report also highlights the benefits of a central reporting system for financial institutions with Bank On certified accounts and for their coalition partners across the country.

Protecting Older Consumers 2017–2018: A Report of the Federal Trade Commission
This report from the FTC provides information about scams that target older adults and what the FTC is doing about fraud against older adults.

OCC Financial Literacy Resource Directory
The Office of the Comptroller of the Currency (OCC) offers numerous resources important to bankers, organizations, and consumers of all ages. Visitors to the website can browse by topic or perform keyword searches, which enables more efficient information searches within the directory.

SEC Alerts and Bulletins 
The U.S. Securities and Exchange Commission’s Office of Investor Education and Advocacy provides numerous news alerts and bulletins for individual investors. Learning how to invest wisely and safely can assist investors in reaching their financial and retirement goals. These reports help inform investors about fraud and other information relevant to investing in stocks, bonds, mutual funds, and other securities.

SEC Spotlight on Initial Coin Offerings and Digital Assets
The SEC’s website offers information on initial coin offerings (ICO) and digital assets and resources to help investors better understand these complex topics.

Build Your STAX Online Investing Game
Next Gen Personal Finance offers this game that allows students to chart their investment strategy over a 20-year period and see how their results stack up against their classmates and “the market.”

U.S. Financial Health Pulse
The Center for Financial Services Innovation (CFSI) offers this report on research designed to track the financial health of Americans over time.

When I’m 65 Documentary and National Engagement Program
When I’m 65 is a national documentary and multi-year engagement program exploring how our financial and lifestyle choices today affect the whole of our lives. The website also offers toolkits for individuals and educators on a variety of financial issues.

Youth Financial Education Website
The BCFP has updated its youth financial education website.