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The President’s Advisory Council on Financial Capability was formed by U.S. President Barack Obama in October 2010. Its mission is to "improve Americans’ understanding of financial products and terms, expand financial access, and provide appropriate and robust consumer protection."^[1] It is operated by the U.S. Treasury Department.

One member of this council is John Hope Bryant, who is an American financial literacy^[2] and poverty eradication activist, and "silver rights" entrepreneur. Bryant is the founder, chairman and CEO of nonprofit Operation HOPE.^[1][3][4]

On March 29, 2012, President Barack Obama, in a White House press release, appointed Marc H. Morial, National Urban League CEO, former Louisiana State Senator from New Orleans, President of the U.S. Conference of Mayors, and Mayor of New Orleans from 1994 - 2002 to serve as a Member of the Advisory Council.^[5]

Eldar Shafir is a Princeton University psychology professor who focuses on behavioral economics. His appointment to the Council was announced April 9, 2012. ^[6]

See also

• National Commission on Fiscal Responsibility and Reform
• Financial literacy

References

1. ^ ^{a b} Michael Barr. "President’s Advisory Council on Financial Capability". Whitehouse.gov. http://www.whitehouse.gov/blog/2010/10/15/improving-financial-education-america. Retrieved 2010-12-30. 
2. ^ Financial Literacy
3. ^ "Operation HOPE, inc". Operationhope.org. http://www.operationhope.org/smdev/. Retrieved 2010-12-30. 
4. ^ http://www.whitehouse.gov/sites/default/files/2010financial.eo_.rel_.pdf
5. ^ http://www.whitehouse.gov/the-press-office/2012/03/29/president-obama-announces-more-key-administration-posts
6. ^ "Remarks By Treasury Deputy Secretary Neal Wolin Before The President'S Advisory Council On Financial Capability". Cypress Times. April 9, 2012. http://www.thecypresstimes.com/article/News/National_News/Remarks_by_treasury_deputy_secretary_neal_wolin_before_the_presidents_advisory_council_on_financial_capability./58430. Retrieved April 23, 2012. 

External links

• Improving Financial Education in America The White House blog
• The President’s Advisory Council on Financial Capability, Resource Center, US Treasury Dept. website.

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