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The Financial Literacy and Education Commission (the Commission) was established under Title V, the Financial Literacy and Education Improvement Act which was part of the Fair and Accurate Credit Transactions (FACT) Act of 2003, to improve financial literacy and education of persons in the United States. The FACT Act named the Secretary of the Treasury as head of the Commission and mandated the Commission include 19 other federal agencies and bureaus. The Commission coordinates the financial education efforts throughout the federal government, supports the promotion of financial literacy by the private sector while also encouraging the synchronization of efforts between the public and private sectors.
MyMoney.gov is the federal government’s website that serves as the one-stop shop for federal financial literacy and education programs, grants and other information. MyMoney.gov is available in English and Spanish.
1-888-MyMoney is the federal government’s toll-free hotline accessible to the public seeking information about federal financial education materials. Information is available in English and Spanish.
THE COMMISSION’S MEETINGS
The next meeting of the Financial Literacy and Education Commission has been tentatively scheduled for September 24, 2009 at 10:00 a.m. More details to be posted later.
IMPLEMENTATION OF THE NATIONAL STRATEGY
June 3, 2009