Richard Cordray

Working to Advance Financial Education in Schools

Richard Cordray 264x300 Working to Advance Financial Education in Schools
By Richard Cordray, Director of the Consumer Financial Protection Bureau


As we observe National Financial Literacy Month, let us all continue our efforts to ensure children and youth develop the skills and habits that will help them to make better financial decisions as they become adults. There is not a single good reason – none – that should prevent any American from gaining the knowledge and skills needed to build a healthy financial future.

With a growing number of committed public, private, and nonprofit organizations working to advance K-12 financial education, no one needs to go it alone. Just recently, the Consumer Financial Protection Bureau (CFPB) developed a resource guide to support leaders interested in advancing K-12 financial education by connecting them to ongoing conversations and providing access to information, tools, and resources. The guide includes a framework, case studies and strategies on how best to lay the groundwork, build the initiative, and extend the impact of K-12 financial education. The resource guide is called “Advancing K-12 Financial Education: A Guide for Policymakers” and is available for download.

When I served as the Franklin County Treasurer in Ohio a decade ago, we formed a local committee on personal financial education to help further the vision of a society where everyone could strengthen their financial skills. We gathered information about school programs for young people and community programs for adults, and we matched people up with those available resources. With the support of a broad coalition we created an impetus for what is now an Ohio state law that requires personal financial education for all high school students through the integration of economics and financial literacy within social studies classes or another class. Ohio is one of 17 states to require that high school students take a personal finance course in order to graduate.

Achieving meaningful and lasting change will require bold and innovative approaches. The CFPB resource guide is a bridge to connect leaders with tools, information, and insights to help them enhance K-12 financial education efforts. As policymakers continue to explore options to incorporate financial education throughout the K-12 experience, I hope that everyone who is interested in financial education for our nation’s children will use this guide and share it with others.

Benjamin Franklin once said, “An investment in knowledge always pays the best interest.” This may be most true in the case of financial education. Starting early with age-appropriate and relevant financial education and consistently reinforcing those lessons throughout the K-12 school experience can help children and youth develop positive habits and skills that can make a lifetime of difference in their financial well-being.

POSTED: April 22, 2015 | BY: Jonathan Burch | TAGS: , , , ,

Financial Literacy Month 2015 Kick Off

2014 financial literacy month 150x150 Financial Literacy Month 2015 Kick OffApril is Financial Literacy Month! Throughout the month, CEE and our affiliates will be conducting a full roster of events to shine a spotlight on the importance of economic and financial education. As part of our efforts, we will be sharing perspectives from leaders in the field right there on our blog. Look out for essays from guest bloggers throughout the month of April, including:


  • United States Senator Patty Murray, Senior Senator from Washington, Ranking Member on the Senate Committee on Health, Education, Labor, and Pensions
  • Congressman Steve Stivers, Ohio’s 15th District, Co-Chair of the House Financial and Economic Literacy Caucus
  • Richard Cordray, Director of the Consumer Financial Protection Bureau
  • David Wessel, Director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution
  • Raymond W. McDaniel, Jr., President and Chief Executive Officer, Moody’s Corporation
  • Kelli Grant, Consumer Reporter,
  • and more!

In addition to these to these great guest bloggers, we will also be featuring “Money Math Mondays” every week to introduce key concepts focused on financial literacy. These posts will provide fun number problems that parents can do with their kids from Bedtime Math and will link to lessons that relate to the topic on EconEdLink.

POSTED: April 1, 2015 | BY: Jonathan Burch | TAGS: , , , , , ,

500+ Convening in Baltimore for Economic Education Conference

Nextfeatured 2013 annual conference 500+ Convening in Baltimore for Economic Education Conference week, the Council for Economic Education will hold its 52nd Annual National Financial Literacy and Economic Education Conference in Baltimore, MD, October 3-5, convening leaders, experts and teachers to exchange ideas and discuss the key issues in financial education today.  Joining them are Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), Richard G. Ketchum, chairman and CEO of the Financial Industry Regulatory Authority, Inc. (FINRA) and Jeffrey M. Lacker, president of the Federal Reserve Bank of Richmond, all of whom will be speaking at the Conference. noted financial literacy expert, George Washington University professor and CEE board member, Dr. Annamaria Lusardi, will also be presenting at this year’s Conference.

Over 500 educators, industry thought-leaders and Federal Reserve partners from around the country are expected to attend the conference. Participants will come together to address the most important issues, trends and challenges in financial and economic education. The event is made possible by the generous sponsorship of Wells Fargo (Lead Sponsor), Bank of America (Teacher Champion), and the Maryland Council on Economic Education.

“This conference is a unique opportunity for educators to enhance their ability to incorporate financial literacy in the classroom, and to do so while meeting the new Common Core State Standards, and engage with the industry’s most influential leaders on the most pressing issues,” said Nan Morrison, CEO and President, Council for Economic Education.  “We are thrilled to be able to welcome President Lacker, Director Cordray, Chairman & CEO Ketchum and Dr. Lusardi, offering educators the chance to learn from their insights and engage them in dialogue.“

Attendees will also be able to participate in workshops and events featuring best practices and new developments in curriculum, teaching strategies and instructional materials. There will also be networking opportunities and teacher roundtable discussions during which participants can engage with their peers to share ideas and lessons, as well as discuss challenges and innovations.

For additional details, visit

POSTED: September 25, 2013 | BY: Annamarie Cerreta | TAGS: , , , , , , , , , ,

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