1
Money Smart News Summer 2011
IN THIS ISSUE
Message from the FDIC
Wanted: Your Thoughts, Anec-
dotes About the First 10 Years
of Money Smart
Money Smart Train-the-Trainer
Videos: What’s New
GAO Study Features Best
Practices Reported in Financial
Education
Award Winners Announced for
Excellence in Serving Low–
and Moderate-Income Consum-
ers
FDIC Advisory Committee
Meeting Looks Ahead at Strate-
gies to Promote Inclusion
FDIC Publication Offers
Insights on Mortgage Foreclo-
sure Practices, Small Business
Lending
The FDIC Issues Consumer
Tips on How to “Shop and
Save” on Loans, Credit Cards
and Deposit Accounts
Our Latest Success Stories:
Financial Empowerment Using
Money Smart
Message from the FDIC
As the FDIC's Money Smart program nears its 10-year anniversary this
fall, it is important to remember that, as the financial world changes, so
must financial education. What people need to know today about manag-
ing money is different from 10 years ago. Similarly, the best ways to deliv-
er financial education also have evolved in the last 10 years.
In this edition of Money Smart News, we highlight some important recent
developments. One is the availability of revised train-the-trainer videos from the FDIC.
Regardless of whether you are a new teacher of the curriculum or a long-time instruc-
tor, these videos will quickly and efficiently orient you to the latest version of Money
Smart and give you some good ideas for using it.
We hope that you will find the updates in this edition of Money Smart News helpful and
that you get a new idea or two for bringing about positive changes. As always, the
FDIC's financial education experts are a resource for you. If you have a question or a
suggestion, send an e-mail to communityaffairs@fdic.gov.
Mark Pearce
Director
FDIC Division of Depositor and Consumer Protection
Wanted: Your Thoughts, Anecdotes About the First 10 Years
of Money Smart
The FDIC will celebrate the 10th anniversary of the Money Smart financial education
program this September, and we want to hear from you as we reflect on this milestone.
We are especially interested in your thoughts and anecdotes regarding the following: 1)
How has Money Smart helped individuals and families improve their financial behav-
ior? 2) How has Money Smart made a difference in low- and moderate-income commu-
nities? 3) Where should we go from here? Please send your observations from the
past 10 years and your suggestions for the future to communityaffairs@fdic.gov by Au-
gust 22, 2011.
Money Smart Train-the-Trainer Videos: What's New
The FDIC's train-the-trainer videos for instructors who teach the Money
Smart curriculum for adults have been updated and enhanced to align with recent revi-
sions to the program. The videos are available in English and Spanish. In addition, the
FDIC has released the first train-the-trainer video for instructors teaching the Money
Smart for Young Adults curriculum. All the videos help instructors learn how to use the
instructor guide, become familiar with the student materials, and employ effective strat-
egies for teaching the curriculum. The videos also are excellent supplements to the
Guide to Presenting the Money Smart Curriculum, which is on every instructor-led CD.
The videos can be viewed at http://www.fdic.gov/consumers/consumer/moneysmart/
trainthetrainer.html.
Money Smart News Summer 2011
IN THIS ISSUE
Message from the FDIC
Wanted: Your Thoughts, Anec-
dotes About the First 10 Years
of Money Smart
Money Smart Train-the-Trainer
Videos: What’s New
GAO Study Features Best
Practices Reported in Financial
Education
Award Winners Announced for
Excellence in Serving Low–
and Moderate-Income Consum-
ers
FDIC Advisory Committee
Meeting Looks Ahead at Strate-
gies to Promote Inclusion
FDIC Publication Offers
Insights on Mortgage Foreclo-
sure Practices, Small Business
Lending
The FDIC Issues Consumer
Tips on How to “Shop and
Save” on Loans, Credit Cards
and Deposit Accounts
Our Latest Success Stories:
Financial Empowerment Using
Money Smart
Message from the FDIC
As the FDIC's Money Smart program nears its 10-year anniversary this
fall, it is important to remember that, as the financial world changes, so
must financial education. What people need to know today about manag-
ing money is different from 10 years ago. Similarly, the best ways to deliv-
er financial education also have evolved in the last 10 years.
In this edition of Money Smart News, we highlight some important recent
developments. One is the availability of revised train-the-trainer videos from the FDIC.
Regardless of whether you are a new teacher of the curriculum or a long-time instruc-
tor, these videos will quickly and efficiently orient you to the latest version of Money
Smart and give you some good ideas for using it.
We hope that you will find the updates in this edition of Money Smart News helpful and
that you get a new idea or two for bringing about positive changes. As always, the
FDIC's financial education experts are a resource for you. If you have a question or a
suggestion, send an e-mail to communityaffairs@fdic.gov.
Mark Pearce
Director
FDIC Division of Depositor and Consumer Protection
Wanted: Your Thoughts, Anecdotes About the First 10 Years
of Money Smart
The FDIC will celebrate the 10th anniversary of the Money Smart financial education
program this September, and we want to hear from you as we reflect on this milestone.
We are especially interested in your thoughts and anecdotes regarding the following: 1)
How has Money Smart helped individuals and families improve their financial behav-
ior? 2) How has Money Smart made a difference in low- and moderate-income commu-
nities? 3) Where should we go from here? Please send your observations from the
past 10 years and your suggestions for the future to communityaffairs@fdic.gov by Au-
gust 22, 2011.
Money Smart Train-the-Trainer Videos: What's New
The FDIC's train-the-trainer videos for instructors who teach the Money
Smart curriculum for adults have been updated and enhanced to align with recent revi-
sions to the program. The videos are available in English and Spanish. In addition, the
FDIC has released the first train-the-trainer video for instructors teaching the Money
Smart for Young Adults curriculum. All the videos help instructors learn how to use the
instructor guide, become familiar with the student materials, and employ effective strat-
egies for teaching the curriculum. The videos also are excellent supplements to the
Guide to Presenting the Money Smart Curriculum, which is on every instructor-led CD.
The videos can be viewed at http://www.fdic.gov/consumers/consumer/moneysmart/
trainthetrainer.html.
2
Money Smart News Summer 2011
GAO Study Features Best Practices Reported in Financial Education
The U.S. Government Accountability Office (GAO), an independent agency working for the Con-
gress, recently released a report that outlines the current body of knowledge relating to methods and
strategies for improving financial education and discusses the feasibility of a process for certifying
financial literacy providers. Financial educators may be especially interested in the report's collection
of viewpoints from experts and practitioners on best practices in financial literacy programs. View a
summary or the full report at http://www.gao.gov/products/GAO-11-614.
Award Winners Announced for Excellence in Serving Low- and Moderate-Income Consumers
The FDIC has announced the recipients of the 2011 Chairman's Award for Excellence, which recognizes individuals at
FDIC-insured financial institutions who have worked creatively and responsibly to serve the credit and deposit needs of
low- and moderate-income (LMI) consumers. To learn more about the recipients and the products and programs they
are involved in, go to http://www.fdic.gov/about/comein/lmiaward.html.
FDIC Advisory Committee Meeting Looks Ahead at Strategies to Promote Inclusion
The FDIC Advisory Committee on Economic Inclusion met on June 2nd to discuss the status of LMI household finances
today and the future of economic inclusion efforts, especially as they pertain to technology and innovations. The meeting
also featured presentations from the recipients of the Chairman's Award for Excellence (see above). To watch a video of
the meeting and access handouts and other materials, start at http://www.fdic.gov/about/comein/meetingJune2011.html.
FDIC Publication Offers Insights on Mortgage Foreclosure Practices, Small Business Lending
Two recent issues of Supervisory Insights, an FDIC publication on bank regulation and policy, features reports that finan-
cial educators could find of interest. One is a special edition highlighting lessons learned from an interagency review of
foreclosure practices at the 14 largest residential mortgage servicers, and examples of effective mortgage servicing
practices derived from these lessons. Find it at http://www.fdic.gov/regulations/examinations/supervisory/insights/sise11/
index.html. Also, as part of the FDIC's efforts to encourage banks to lend to creditworthy small businesses, the Summer
2011 edition of Supervisory Insights includes a review of the technical requirements associated with the Small Business
Administration products that lenders most often use. This issue is available at http://www.fdic.gov/regulations/
examinations/supervisory/insights/sisum11/si_sum11.pdf.
The FDIC Issues Consumer Tips on How to “Shop and Save” on Loans, Credit Cards and De-
posit Accounts
The Spring 2011 issue of the quarterly FDIC Consumer News is a special edition featuring tips to help consumers shop
for a variety of bank products and services. It includes, for example, information on lower-cost alternatives to traditional –
and potentially expensive – overdraft programs, plus reasons why consumers should be cautious before using a prepaid
card for their basic banking needs. Financial educators are encouraged to share information from FDIC Consumer
News with their students. See this issue of the newsletter and subscription information at http://www.fdic.gov/consumers/
consumer/news/cnspr11/.
Our Latest Success Stories: Financial Empowerment Using Money Smart
For this edition of our Money Smart Success Stories, we describe the positive results shown by one educator that tracks
how classes and counseling have changed behavior as part of a comprehensive strategy to improve participants' long-
term finances, and we look at how the curriculum is being used to help survivors of domestic violence. (Read the sto-
ries.)
Money Smart News Summer 2011
GAO Study Features Best Practices Reported in Financial Education
The U.S. Government Accountability Office (GAO), an independent agency working for the Con-
gress, recently released a report that outlines the current body of knowledge relating to methods and
strategies for improving financial education and discusses the feasibility of a process for certifying
financial literacy providers. Financial educators may be especially interested in the report's collection
of viewpoints from experts and practitioners on best practices in financial literacy programs. View a
summary or the full report at http://www.gao.gov/products/GAO-11-614.
Award Winners Announced for Excellence in Serving Low- and Moderate-Income Consumers
The FDIC has announced the recipients of the 2011 Chairman's Award for Excellence, which recognizes individuals at
FDIC-insured financial institutions who have worked creatively and responsibly to serve the credit and deposit needs of
low- and moderate-income (LMI) consumers. To learn more about the recipients and the products and programs they
are involved in, go to http://www.fdic.gov/about/comein/lmiaward.html.
FDIC Advisory Committee Meeting Looks Ahead at Strategies to Promote Inclusion
The FDIC Advisory Committee on Economic Inclusion met on June 2nd to discuss the status of LMI household finances
today and the future of economic inclusion efforts, especially as they pertain to technology and innovations. The meeting
also featured presentations from the recipients of the Chairman's Award for Excellence (see above). To watch a video of
the meeting and access handouts and other materials, start at http://www.fdic.gov/about/comein/meetingJune2011.html.
FDIC Publication Offers Insights on Mortgage Foreclosure Practices, Small Business Lending
Two recent issues of Supervisory Insights, an FDIC publication on bank regulation and policy, features reports that finan-
cial educators could find of interest. One is a special edition highlighting lessons learned from an interagency review of
foreclosure practices at the 14 largest residential mortgage servicers, and examples of effective mortgage servicing
practices derived from these lessons. Find it at http://www.fdic.gov/regulations/examinations/supervisory/insights/sise11/
index.html. Also, as part of the FDIC's efforts to encourage banks to lend to creditworthy small businesses, the Summer
2011 edition of Supervisory Insights includes a review of the technical requirements associated with the Small Business
Administration products that lenders most often use. This issue is available at http://www.fdic.gov/regulations/
examinations/supervisory/insights/sisum11/si_sum11.pdf.
The FDIC Issues Consumer Tips on How to “Shop and Save” on Loans, Credit Cards and De-
posit Accounts
The Spring 2011 issue of the quarterly FDIC Consumer News is a special edition featuring tips to help consumers shop
for a variety of bank products and services. It includes, for example, information on lower-cost alternatives to traditional –
and potentially expensive – overdraft programs, plus reasons why consumers should be cautious before using a prepaid
card for their basic banking needs. Financial educators are encouraged to share information from FDIC Consumer
News with their students. See this issue of the newsletter and subscription information at http://www.fdic.gov/consumers/
consumer/news/cnspr11/.
Our Latest Success Stories: Financial Empowerment Using Money Smart
For this edition of our Money Smart Success Stories, we describe the positive results shown by one educator that tracks
how classes and counseling have changed behavior as part of a comprehensive strategy to improve participants' long-
term finances, and we look at how the curriculum is being used to help survivors of domestic violence. (Read the sto-
ries.)