WASHINGTON—The Office of the Comptroller of the Currency (OCC) is supporting National Financial Capacity Month in April and encouraging national banks and federal savings associations (collectively, banks) to do this by renewing their focus on improving financial capability and finance. We encourage everyone to support the annual commemoration. customer health.
Banks can promote financial competency through quality financial literacy education and by improving access to financial services for all consumers, especially underserved consumers.
“National Financial Capability Month allows us to reaffirm our commitment to providing individuals and communities with the tools and knowledge to achieve financial well-being,” said Michael J. Hsu, Acting Comptroller of the Currency. said. “Activities that promote financial competency are important in helping consumers make informed choices in a variety of areas, including fraud and fraud avoidance and planning for the future.”
OCC is dedicated to providing resources to help banks provide first-class financial literacy education and services. OCC’s Office of Community Affairs publishes publications on financial competency and financial literacy topics, including the recently updated Community Development Fact Sheet on Financial Competency, the Quarterly Financial Literacy Update, and the Financial Literacy Resource Directory, providing resources to banks. We provide. OCC also has community officers located across the country to help banks provide financial literacy education to their customers and other services throughout their communities. These executives will discuss how banks can support National Financial Competency Month and how banks can find ways to expand access to financial literacy education, credit, and capital in their communities. You can.
