May/June 2021

Financial Literacy Update: May/June 2021

This publication is a part of:

Collection: Financial Literacy Updates

The Office of the Comptroller of the Currency (OCC)'s Financial Literacy Update is a bimonthly e-newsletter that reports upcoming events, new initiatives, and related resources of the OCC and other government agencies and organizations. The Financial Literacy Update provides brief descriptions for upcoming events in chronological order. New initiatives and resources are listed in alphabetical order. Visit for more information. We welcome your feedback.


American Bankers Association

Association for Financial Counseling & Planning Education

Commodity Futures Trading Commission

Consumer Federation of America

Consumer Financial Protection Bureau

Federal Communications Commission

Federal Deposit Insurance Corporation

Federal Trade Commission

  • How to avoid COVID vaccine scams: FTC in Action
  • Call (877) 355-0213 toll free for tips on how to avoid COVID vaccine scams

Financial Health Network

Foundation for Financial Planning

George Washington University Global Financial Literacy Excellence Center

Internal Revenue Service

National Community Reinvestment Coalition

National Credit Union Administration

National Disability Institute

National Foundation for Credit Counseling

National Housing Conference

NeighborWorks America

OCC’s HelpWithMyBank

Operation HOPE

U.S. Consumer Product Safety Commission

U.S. Department of Defense

U.S. Department of Education

U.S. General Services Administration

U.S. Securities and Exchange Commission

U.S. Small Business Administration

  • Federal Resources for Small Business


Older Americans Month
May 2021 (Nationwide)

Every May, the Administration for Community Living leads the nation’s observance of Older Americans Month. The 2021 theme is “Communities of Strength.”

Virtual Teacher Workshops in Southeastern U.S.
May–July 2021 (Online)

The Federal Reserve Bank of Atlanta sponsors teacher workshops and events online and in Alabama, Florida, Georgia, Louisiana, Mississippi, and Tennessee. These events cover a variety of financial capability and economics topics.

GFLEC Financial Literacy Seminar
May 13, 2021 (Online)

The Board of Governors of the Federal Reserve System and the George Washington University Global Financial Literacy Excellence Center sponsor this seminar.

Personal Finance Seminar for Professionals
May 13, 2021 (Online)

The University of Maryland Extension presents the Personal Finance Seminar for Professionals. Participants learn about today’s most critical financial issues and how to turn information into consumer knowledge and action.

World Elder Abuse Awareness Day
June 15, 2021 (Worldwide)

This day provides an opportunity for communities around the world to raise awareness of the cultural, social, economic, and demographic processes affecting elder abuse and neglect.

Annual Conference on Financial Education
June 28–29, 2021 (Online)

The Institute for Financial Literacy hosts its Annual Conference on Financial Education. The conference offers professional development and networking opportunities for those involved in financial literacy education.

Federal Reserve Economic Education Institute
June 28–29, 2021 (Online)

The Federal Reserve Bank of Richmond sponsors this workshop for high school teachers.


2021 American Bankers Association Foundation Community Commitment Awards
Every year, the American Bankers Association Foundation recognizes banker-driven programs and initiatives that amplify the industry’s dedication to giving back to consumers. Banks of all asset sizes and charters may enter in one or all seven award categories. The entry period opens May 3, 2021, and the winners will be honored during the American Bankers Association Annual Convention in October 2021.

2021–2022 Bank On Account Standards
The Cities for Financial Empowerment Fund has released its Bank On 2021–2022 account standards. The standards outline the characteristics of safe and affordable banking accounts.

Consumer Federation of America Military Saves
Military Saves is a campaign coordinated by the Consumer Federation of America dedicated to helping service members and their families save money, reduce debt, and build wealth.

Free Virtual Financial Counseling and Coaching
The Association of Financial Counseling and Planning Education, in partnership with the Yellow Ribbon Network, is offering free financial coaching and counseling.

As part of its effort to expand financial inclusion, the Federal Deposit Insurance Corporation launched this initiative to inform consumers about the benefits of opening bank accounts.

One Million Black Business and Entrepreneur Initiative
Operation HOPE created this initiative to increase the number of Black-owned businesses in America.

Pro Bono Planner Match
The Foundation for Financial Planning sponsors the planner match, which facilitates the connection between financial planners who want to help underserved people and nonprofit organizations that have pro bono opportunities.

Project REACh
The OCC’s Project REACh (Roundtable for Economic Access and Change) brings together leaders from the banking industry, national civil rights organizations, business, and technology to promote financial inclusion through greater access to credit and capital. The initiative seeks to reduce specific barriers that prevent full, equal, and fair participation in the nation’s economy.


Addressing the Challenge of Chronic Fraud Victimization
AARP, the FINRA Investor Education Foundation, and Heart+Mind Strategies released this study, which identifies evidenced-based ways to help repeat victims and their families counter financial fraud.

Building Blocks of Youth Financial Capability
The Consumer Financial Protection Bureau offers activities to teach youth financial literacy skills that are designed for use in a single class period for grade levels K-12 and can be integrated into a variety of subject areas.
This Federal Trade Commission website provides resources about credit, debt, identity theft, and avoiding scams, as well as budgeting, opening a bank account, shopping for prepaid cards, and managing money in general. The website is available in Spanish at

Current Events Video Library From Next Gen Personal Finance
Next Gen Personal Finance publishes a weekly FinCap Friday. The site provides a video and a five-question quiz to generate interest and discussion about important financial concepts in the news.

FDIC Deposit Insurance Education Materials
The Federal Deposit Insurance Corporation has made significant improvements to its deposit insurance education materials. The changes are designed to allow the public to quickly access basic information while still offering the traditional in-depth and comprehensive deposit insurance information.

Financial Aid Toolkit
The U.S. Department of Education provides tools and resources to help parents and students learn about financial aid.

Housing Insecurity and the COVID-19 Pandemic
The Consumer Financial Protection Bureau released this analysis of the impacts of the COVID-19 pandemic on housing.
This Federal Trade Commission website helps people report and recover from identity theft. It is available in Spanish at is the U.S. Securities and Exchange Commission’s resource to help investors make informed decisions and avoid fraud. The website includes information on investing and investment products, a glossary of investment terms, alerts and bulletins on frauds and current investment topics, publications, and free financial tools and calculators. also offers a free and simple tool to check the background of an investment professional.

The American Financial Services Association Education Foundation offers this free, online personal finance curriculum. The curriculum has 37 modules focused on a variety of topics, including income, saving and investing, credit, and insurance. The curriculum is available in English and Spanish and is audio-equipped for English users.
The National Credit Union Administration’s official consumer protection website,, offers educational information, resources, and articles designed to help individuals make smarter financial decisions and better choices with their money.
This U.S. Department of the Treasury website provides financial education information and resources from across the federal government. The website highlights MyMoney Five (which provides links to resources and tools related to five principles for managing money), a research clearinghouse, games for youth focused on money, and a section on financial choices for major life events.

OCC Financial Literacy Resource Directory
The resource directory provides information on financial literacy resources, issues, and events of importance to bankers, organizations, and consumers of all ages. The resource directory includes descriptions of, and contact information for, government programs on financial literacy education and capability. It also includes organizations whose missions are to support financial literacy through campaigns, fact sheets, newsletters, conference materials, publications, and websites.

Older Americans Month Resources
The Consumer Financial Protection Bureau’s Office for Older Americans offers tools and resources on a variety of topics to assist caring for older Americans.

Personal Finance Certifications for Teachers
Next Gen Personal Finance offers free 10-hour certification courses for educators of students in middle school through college.
The Federal Trade Commission’s website is designed to make it easier for people to report fraud, scams, and bad business practices.

Safe Banking for Seniors
The American Bankers Association Foundation has released new modules on “Understanding Powers of Attorney” and “Choosing an Executer.” Bankers can access the free tool at, and consumer groups can request free presentations at

Stop, Spot, and Report Government Imposter Scams
The American Bankers Association Foundation and the Federal Trade Commission created this infographic to educate consumers on government imposter scams.

Tips for Managing Family Lending and Borrowing
The Consumer Financial Protection Bureau offers this worksheet to help navigate lending between family members.

The U.S. Securities and Exchange Commission created this page to help veterans save money and avoid fraud.

You Have a Reverse Mortgage: Know Your Rights and Responsibilities
The Consumer Financial Protection Bureau released this guide for older homeowners. The guide provides easy-to-understand information for prospective and current reverse mortgage borrowers.

Your Money, Your Goals – Spanish
The Consumer Financial Protection Bureau’s Your Money, Your Goals is available in Spanish.