2014 In Review, Day 05 – The Consumer Financial Protection Bureau and Operation HOPE Sign a Memorandum of Understanding to Promote Financial Education
The partnership will help advance HOPE’s multi-year initiative, Project 5117, to empower more than 5 million American youth and adults
WASHINGTON, DC – APRIL 24, 2014 – Recognizing Financial Capability Month and the importance of economic literacy, the Consumer Financial Protection Bureau (CFPB) and financial dignity nonprofit Operation HOPE (HOPE) joined on April 21st at the U.S. CFPB headquarters in Washington, DC to execute a Memorandum of Understanding. The agreement details the combined efforts to educate the American consumer. (View the photos here.)
“This agreement sets the stage for Operation HOPE’s Project 5117, our multi-year initiative to empower underserved communities,” said HOPE Founder, Chairman and CEO John Hope Bryant. “Together with the Consumer Financial Protection Bureau, we have a greater opportunity to broaden our mission, reach more Americans, offer more services and empower more people.”
Through the MOU both organizations will share resources to educate consumers. HOPE will encourage its participating members to utilize CFPB publications in any aspect of the Project 5117 campaign where it is appropriate, as well as provide the CFPB with the total number of consumers who receive their publications on a quarterly basis.
In turn, Operation HOPE will report out on experiences and best practices that it has developed for implementation and integration of information included in CFPB publications, into Operation HOPE educational outreach programs.
Posted by Natasha Eldridge, Office of the Chairman