The (OCC) recognizes April as and encourages national banks and federal savings associations to support efforts to improve the financial literacy and fiscal health of their customers.
鈥淣ational Financial Literacy Month emphasizes the importance of helping consumers increase their knowledge and skills to make sound financial choices, enabling them to build wealth now and into the future,鈥 said
The OCC is dedicated to making resources available to help banks support financial literacy education and services. The office encourages banks to promote financial literacy with high-quality financial education programs and resources, and by identifying opportunities to expand access to services to customers.
The agency also has community affairs officers across the nation to assist banks in supporting quality financial literacy education, services, and resources in their communities.
Last year, under the Biden administration, the OCC celebrated April as 鈥淣ational Financial Capability Month.鈥
鈥淭he OCC is dedicated to equipping banks with the necessary resources to deliver top-tier financial literacy education and service,鈥 according to an April 2024 post on X, formerly known as Twitter.
No matter the name, the priorities of the month-long celebration remain education and empowerment.
鈥淒uring National Financial Literacy Month, we encourage banks to consider innovative strategies to educate and empower consumers to use capital wisely, build financial assets,鈥 said Hood, 鈥渁nd understand and avoid increasingly sophisticated financial frauds and scams.鈥