In recent years, the government has been more active in regulating the financial industry to protect consumers and mitigate risk. For example, new credit card regulations mandate lenders give consumers greater insight into the real cost of paying the minimum payment. The Minimum Payment Warning shows consumers just how much it could cost and how long it could take them to pay off their credit card balance, when they only make the minimum payment.
Nonetheless, some may argue that improving financial literacy is the real answer to financial issues. After all, financial literacy helps consumers protect themselves, make more informed decisions and mitigate their own risks.
So, what is the government doing to improve financial literacy? I invite you to listen to their response for yourself. And thanks to the Federal Reserve Bank of Chicago and Visa you can do just that.
Mark your calendar for Monday, April 4th, 2011 to watch the live webcast from 8:30 a.m. to 11:00 a.m. CTL. Click here to register for the free event.
Please see the official event details below:
The Role of Government in Financial Literacy
Monday, April 4, 2011 · 8:30am to 11:00am Central · Federal Reserve Bank of Chicago
The Federal Reserve Bank of Chicago and Visa are co–hosting the fifth annual Financial Literacy and Education Summit. The program features leading financial literacy experts who will address key issues related to the role of government in improving global financial literacy levels for people of all ages. The Summit will focus on how government and financial education leaders, in collaboration with providers, can work together to equip consumers with the tools needed to make wise financial decisions. Register today to watch the free, live Summit webcast and stay informed about event details.
What are your thoughts about the role of government in financial literacy?