WASHINGTON—The Office of the Comptroller of the Currency (OCC) is encouraging national banks and federal savings associations (collectively, banks) to support the financial capability and financial health of their customers, especially during National Financial Capability Month in April. There is.
The Bank promotes financial competency by supporting programs that improve financial literacy through quality financial education and promote access to financial services for all consumers, including underserved populations. Masu.
“Improving the financial capabilities of customers is good for communities and good for banks,” said Michael J. Hsu, Acting Comptroller of the Currency. “People who lead healthy financial lives spend money smarter, save more, and borrow and invest smarter. National Financial Competence Month is a time to expand financial inclusion, increase financial literacy, and help consumers It’s time to reevaluate and strengthen our efforts to empower the.
As part of its mission, OCC provides several resources to help banks provide safe, healthy, and fair high-quality financial literacy education and services to consumers and communities. The OCC directs consumers to the agency’s HelpWithMyBank.gov website for answers about banking services and to resolve questions or issues consumers may have with their banks. We encourage you to do so. Additionally, OCC posts helpful resources and publications related to financial literacy education on the OCC.gov website.
OCC’s Office of Community Affairs publishes publications and resources on financial competency and financial literacy. These resources include the Quarterly Financial Literacy Update and the Financial Literacy Resource Directory. OCC also has regional directors across the country who help banks provide financial literacy education and other services to consumers and communities. These executives will be able to explain how banks can support National Financial Competency Month and find other ways to expand access to financial literacy education, credit, and capital in their communities. can.
