Financial Literacy and Education Commission
FLEC is a statutorily- created commission representing over 20 agencies and bureaus of the federal government. It is chaired by the Secretary of the Treasury and made up of the heads of the member agencies, which are: the Office of the Comptroller of the Currency; the Office of Thrift Supervision; the Federal Reserve; the Federal Deposit Insurance Corporation; the National Credit Union Administration; the Securities and Exchange Commission; the Departments of Education, Agriculture, Defense, Health and Human Services, Housing and Urban Development, Labor, and Veterans Affairs; the Federal Trade Commission; the General Services Administration; the Small Business Administration; the Social Security Administration; the Commodity Futures Trading Commission; the Office of Personnel Management and its newest member, the White House Office of Public Engagement. The Commission is coordinated by the Department of the Treasury’s Office of Financial Education.
President's Advisory Council on Financial Capability
The Council, which was established by an executive order from President Obama, will be made up of leading non-profit, private sector, and academics who will provide advice to the President through the Secretary of Treasury. It is the successor to President Bush’s Advisory Council on Financial Literacy, which laid important groundwork in the field.