U.S. President's Advisory Council on Financial Literacy-Office of the Vice Chair Blog

FDIC Puts Spotlight on Loans to Poor

By: Joe Adler

American Banker, 7/1/2008 -- Two Federal Deposit Insurance Corp. events next week will focus on promoting mortgage lending to low- and moderate-income households.

On July 8, Treasury Secretary Henry Paulson, Federal Reserve Board Chairman Ben Bernanke, and JPMorgan Chase & Co. chief executive James Dimon are to be headline speakers at a forum on low-income mortgage lending in the FDIC's building in Arlington, Va.

Secretary Paulson Names Leadership for President’s Advisory Council

Washington- Secretary Henry M. Paulson, Jr., and Charles Schwab, Chairman of the President's Advisory Council on Financial Literacy, announced the appointment of several key Council officers today as the group conducted its second public meeting.

Secretary Paulson designated Deputy Assistant Secretary for Financial Education Dan Iannicola, Jr., as Executive Director of the President's Advisory Council on Financial Literacy. On behalf of Secretary Paulson, Mr. Iannicola will manage the council's activities and support Chairman Schwab's agenda to raise the nation's level of financial literacy.

President’s Council on Financial Literacy Supports Treasury Launch of Financial Access Pilot

Jacksonville, Fla. - The Treasury Department today launched a new initiative to increase financial education and bank and credit union accounts for Americans currently outside of the financial mainstream. The Community Financial Access Pilot will help selected U.S. communities provide low and moderate income people with needed access to financial services. The initiative was recommended by the President's Advisory Council on Financial Literacy. Read the complete article here.