The Financial Literacy and Education Commission was established under the Fair and Accurate Credit Transactions Act of 2003. The Commission was tasked to develop a national financial education web site ( MyMoney.gov) along with a hotline (1-888-My Money) and a national strategy on financial education. It is chaired by the Secretary of the Treasury and the vice chair is the Director of the Consumer Financial Protection Bureau. The Commission is made up of the heads of 19 additional federal agencies: the Office of the Comptroller of the Currency; 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; the White House Domestic Policy Council and its newest member, the Federal Emergency Management Agency. The Commission is coordinated by the Department of the Treasury's Office of Financial Education within the Office Consumer Policy.
The Commission's Activities
The Financial Literacy and Education Commission recently held a public meeting on Wednesday, October 23, 2013 from 9:00 AM to 11:30 AM at the U.S. Department of the Treasury, 1500 Pennsylvania Ave., NW, Washington DC.
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.
2012 Research Priorities and Research Questions. This document summarizes research priorities identified by the Financial Literacy and Education Commission’s Research and Evaluation Working Group, in consultation with members of the President’s Advisory Council for Financial Capability’s Research and Evaluation Subcommittee, and other experts. The document is intended to inform members of the Commission, other federal government supports of research, and private sector and academic researchers and research funders so that they may address the most important questions facing the financial literacy and education field, reduce duplication and overlap, and make best use of limited research dollars.
2012 Research Priorities
- 2013 Research Priorities for Starting Early for Financial Success. This document updates the 2012 research priorities to identify areas where they can be connected the Financial Literacy and Education Commission’s strategic focus on Starting Early for Financial Success.
Promoting Financial Success in the United States: National Strategy for Financial Literacy 2011 was created through a process that included conversations with private, public, and non-profit representatives from the field. Articulating a vision of sustained financial well-being for individuals and families in our nation, this document sets strategic direction for policy, education, practice, research, and coordination in the financial literacy and education field.
Implementation Plan 2011
National Strategy Background Report