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FDIC Highlights Financial Education Efforts as Part of Observance of National Consumer Protection Week
No matter what a person's age or financial situation, it's important to learn the financial facts of life. The FDIC, in observance of National Consumer Protection Week (NCPW) March 2-8 and its theme of financial literacy, is reminding the public about the agency's wide range of programs and services designed to help consumers make smarter decisions about managing their money.
"A financially educated consumer is better prepared to use credit wisely, accumulate savings, guard against unaffordable mortgages and other abusive products, and protect against identity theft and fraud," said FDIC Chairman Sheila C. Bair. "This knowledge can add up to substantial savings over time. That's why the FDIC is proud to offer services that help people manage their money and proud to support the financial literacy theme of this year's National Consumer Protection Week."
The following are examples of recent developments at the FDIC related to financial literacy:
For more information about these and other FDIC educational programs or services, including brochures and videos, consumers can contact the FDIC Call Center noted above or go to www.fdic.gov. In connection with National Consumer Protection Week, the agency also has added a special Web page about NCPW at www.fdic.gov/consumers/consumer/information/ncpw/index.html that also features quick links to several of the FDIC's products for consumers.
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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 8,534 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-18-2008
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