FDIC joins pilot on financial education

Bank News, May, 2002 by Anonymous

A pilot program to help revitalize communities through financial education has been announced by the FDIC and the Neighborhood Reinvestment Corp. (NRC). Under an agreement signed by the two groups, NRC will use the FDIC's Money Smart financial literacy program to train adult educators and teach money management skills to thousands of people, primarily lowincome consumers, minorities or women who are potential homebuyers or existing homeowners having problems making ends meet.

"Learning how to save and manage money is essential to becoming financially independent and achieving the dream of owning your own home," said FDIC Chairman Donald E. Powell. "But it doesn't end there, because financial independence and homeownership are essential to safer, stronger communities and a...

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