The Office of the Comptroller of the Currency (OCC) recognized National Financial Capability Month by participating in the annual Jump$tart Coalition Financial Literacy Day on Capitol Hill event today.
OCC staff distributed materials to assist banks with their financial inclusion activities, including the agency’s Financial Literacy Update. Staff also highlighted the OCC’s HelpWithMyBank.gov website, which provides answers to 300 common banking questions covering such topics as credit cards, bank accounts, mortgages, consumer loans, insurance, identity theft, and safe deposit boxes. The site includes links and references to financial information and an online consumer complaint form.
“National Financial Capability Month provides an opportunity for financial institutions to work with their communities to promote financial literacy and capability,” said Comptroller of the Currency Joseph M. Otting. “The OCC is committed to helping banks find innovative ways to improve the financial capability of their customers. It is important for all Americans to have the chance to participate in the financial mainstream, and financial institutions have products and services that can foster this participation. The OCC applauds national banks and federal savings associations for their activities educating consumers about financial literacy.”
The OCC is a member of the federal Financial Literacy and Education Commission, which manages MyMoney.gov, the federal government’s website dedicated to financial literacy. The site provides a variety of resources from the OCC and the other 21 federal agency members of the Commission to help people make informed decisions about financial matters.