WASHINGTON — The Office of the Comptroller of the Currency (OCC) recognized National Financial Capability Month by participating in the annual Financial Literacy Day on Capitol Hill event today.
OCC staff distributed financial capability materials at the event, including the agency’s Financial Literacy Update and OCC’s Consumer Advisories. Staff also highlighted the OCC’s HelpWithMyBank.gov Web site, 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 also includes links and references to financial information and an online consumer complaint form.
“National Financial Capability Month gives financial institutions an opportunity to promote the importance of financial knowledge and skills,” said Comptroller of the Currency Thomas J. Curry. “It is especially important to encourage young people to become financially savvy and to develop the habit of saving. The OCC recently joined other federal agencies in releasing guidance to encourage youth savings, and we appreciate the efforts of national banks and federal savings associations in 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 Web site dedicated to financial literacy. The site provides a variety of resources from the OCC and the other 20 federal agencies that are part of the Commission. These resources help people make informed decisions about buying homes, balancing checkbooks, investing in 401(k) plans, and other financial matters.