Building Positive Financial Skills

Financial Well-being: The Goal of Financial Education
(Consumer Financial Protection Bureau)

Empowering Prosperity: Strengthening Human Services Impacts through Asset Integration (Institute on Assets and Social Policy, The Heller School, Brandeis University)

Guidance on Financial Products and Curricula

Best Practices for Personal Finance Education Materials (Jump$tart Coalition for Personal Financial Literacy)

Youth Financial Education Curriculum Review Tool (Consumer Financial Protection Bureau)

Bank On National Account Standards 2015-2016 (Cities for Financial Empowerment Fund)

Reimagining Financial Inclusion (ideas42/Oliver Wyman)

Promising Practices

Building Financial Capabilities in Youth Employment Programs (Consumer Financial Protection Bureau)

More Than A Job: The Five Key Financial Empowerment Touchpoints for Summer Youth Employment Program Integration (Cities for Financial Empowerment Fund)

Can Games Increase Financial Capabilities? (D2D)

Increasing Youth Financial Capability: An Evaluation of the MyPath Savings Initiative (The Journal of Consumer Affairs)

Youth Financial Literacy: Evidence-Based Programs and Effective Delivery Methods (Frances McClelland Institute for Children, Youth and Families)

Financial Literacy: A Federal Certification Process for Providers Would Pose Challenges (U.S. Government Accounting Office)

Integrating Financial Stability Strategies into Workforce Development Programs (SkillWorks, MIDAS Collaborative and Citi Foundation)

Building Financial Counseling into Social Service Delivery: Research and Implementation Findings for Social Service Providers (NYC Department of Consumer Affairs, Office of Financial Empowerment)

The Effectiveness of Youth Financial Education: A Review of the Literature (Association for Financial Counseling and Planning Education)

Resources and Initiatives from Speaker Organizations

Summer Jobs Connect – More Than A Job: Lessons from the First Year of Enhancing Municipal Summer Youth Employment Programs through Financial Empowerment (Cities for Financial Empowerment Fund)

Family Strengthening through Integration and Scaling of Asset-Building Strategies: The ASSET Initiative Partnership Environmental Field Scan Report (Corporation for Enterprise Development)

CFED One-Stop Financial Capabilities Toolkit (Corporation for Enterprise Development/Administration for Children and Families)

Taking the First Step: Six Ways to Start Building Financial Security and Opportunity at the Local Level (Corporation for Enterprise Development/National League of Cities/Institute for Youth, Education and Families)

Helping Families Achieve Financial Stability Action Kit (National League of Cities/Institute for Youth, Education and Families)

Financing Transitional Jobs Programs: A Strategic Guide to Federal Funding Sources(National League of Cities/Institute for Youth, Education and Families)

Building Financial Capability: A Planning Guide for Integrated Services (CFED under the ASSET Initiative Partnership for the Administration for Children and Families at the U.S. Department of Health and Human Services)

An Evaluation of the Impacts and Implementation Approaches of Financial Coaching Programs (The Urban Institute)

Partnerships for Financial Capability Brief (Center for Financial Services Innovation and the National Federation of Community Development Credit Unions)

The Power of Credit-Building (Credit Builders Alliance & Asset Funders Network)

Increasing Financial Capability among Economically Vulnerable Youth: MyPath Pilot and Year Two Updates (The Federal Reserve Bank of San Francisco)

A User Guide to Using the CFPB's Scale for Measuring Financial Well-Being

• Standard questionnaire: CFPB Scale for Measuring Financial Well-Being
• Scoring worksheet: CFPB Scale for Measuring Financial Well-Being
• Abbreviated questionnaire: CFPB Scale for Measuring Financial Well-Being
• Abbreviated worksheet: CFPB Scale for Measuring Financial Well-Being

CFPB Overview and Resources for Communities (This document describes the various consumer resources available online through the CFPB.)

National Endowment for Financial Education (NEFE) Online Tools (This brochure summarizes the various online tools available through NEFE.)

FDIC Youth Materials (Federal Deposit Insurance Corporation)

Youth Financial Capabilities Resources from Federal Agencies (This document from the Cities for Financial Empowerment lists resources available from Federal agencies for various financial education topics.)

WIOA and Interacting with Other Federal Agencies

WIOA Training and Employment Guidance Letter (TEGL) No. 4-15 (U.S. Department of Labor)

References for TEGL No. 4-15 (U.S. Department of Labor)

WIOA Financial Education Language

WIOA Youth Program Fact Sheet (U.S. Department of Labor)

Young Adults and Temporary Assistance for Needy Families (TANF) Benefits (CLASP)

Side-by-side Comparison of Occupational Training and Adult Education & Family Literacy Provisions in the Workforce Investment Act (WIA) and the Workforce Innovation and Opportunity Act (WIOA) (National Skills Coalition)

Marybeth Campbell
Executive Director
SkillWorks

Marybeth Campbell has sixteen years of experience in public policy, public education and project management in the areas of clean energy, education, economic and workforce development. She currently serves as the Executive Director of SkillWorks, a funder collaborative that brings together philanthropy, government, community organizations and employers to address the twin goals of helping low-income individuals attain family- supporting jobs and businesses find skilled workers.

Most recently Marybeth served in a role as the Commonwealth's first cross-secretariat Director of Education and Workforce Development advising the Patrick Administration's cabinet secretaries in the Executive Offices of Education, Labor and Workforce and Housing and Economic Development on workforce and education policy development, program strategy and implementation. Marybeth previously served as the state's first Workforce Development Director at the Massachusetts Clean Energy Center establishing national-leading green jobs programs by working with higher education, vocational schools, labor organizations and community-based nonprofits to develop training and workforce capacity that supports the Commonwealth's growing clean energy industry. Her previous work also includes serving as the Public Education Manager for the former Massachusetts Renewable Energy Trust, where she oversaw two education initiatives that funded projects to increase awareness among teachers, students and the public about the benefits of clean energy, and as a senior research analyst for the Massachusetts House of Representatives Joint Committee on Telecommunications, Utilities and Energy.

She has a Bachelor's degree in Political Science from Providence College and attended Suffolk University Law School.

Christine Capota
Senior Outreach and Technology Specialist
Federal Reserve Bank of Boston

Christine leads technology initiatives that help strengthen the financial capabilities of LMI individuals. Prior to joining the Fed, Christine worked for the Inter-American Development Bank, where she advised ministries of education on strategic implementations of technology in education. Christine started her career at Sesame Workshop and has developed, evaluated and launched numerous educational technology products.

She holds an EdM from the Harvard Graduate School of Education and a BA in Psychology from McGill University.

Jeff Fuhrer
Executive Vice President and Senior Policy Advisor
Federal Reserve Bank of Boston

Jeffrey (Jeff) Fuhrer is Executive Vice President and Senior Policy Advisor at the Federal Reserve Bank of Boston, and is responsible for the Bank's regional and community outreach functions. He is an associate economist of the Federal Open Market Committee, and regularly attends this key U.S. policymaking meeting with the Bank's president. In June 1992 he joined the Bank's research department as an assistant vice president and economist, and from 1995–2001 headed its Open Economy Macro/International section. In 2000 Fuhrer was named senior vice president and monetary policy advisor, in 2001 he became director of research, and in 2006 he was named executive vice president.

Fuhrer began his career at the Board of Governors of the Federal Reserve System, first as a research assistant, and then in 1985 returned as a senior economist after earning his doctorate. He has been active in economic research for more than two decades, and has served as an associate editor for the American Economic Review. Fuhrer has published numerous scholarly papers on the interactions among monetary policy, inflation, consumer spending, and asset prices. He has been married for 30 years and has three grown children.

Fuhrer earned an A.B. in economics with highest honors from Princeton University, and received his M.A. and Ph.D. in economics from Harvard University.

Sunaena Chhatry
K-12 Senior Policy and Innovation Analyst, Office of Financial Education
Consumer Financial Protection Bureau (CFPB)

Sunaena K. Chhatry joined the CFPB in January 2013 as the Senior Policy and Innovation Analyst of the Office of Financial Education. In this capacity, she manages the Bureau's financial education policy portfolio focused on children and youth.

Before joining the Bureau, Sunaena was the Public Policy and Communications Manager at EARN, the leading non-profit provider of micro-savings services to low-income families in the United States. At EARN, she helped build and manage a statewide coalition, developed State-level policy proposals, and led financial access advocacy campaigns. Previously, she served as an Academy Associate at the Greenlining Institute and worked at the Delaware Financial Literacy Institute, where she helped develop statewide social marketing efforts and supported financial literacy programs.

Sunaena serves on the Greenlining Academy Alumni Association and was a Women's Policy Institute Fellow at the Women's Foundation of California.

Sunaena holds a Bachelor of Arts from the University of California, Berkeley.

Adrian Franco, Ph.D.
Director of Education
Federal Reserve Bank of New York

Adrián Franco is Director of Education at the Federal Reserve Bank of New York where he supervises a portfolio of educational programs, coordinates partnerships with educational institutions and leads the financial inclusion initiative that aims to improve the financial well-being of lower- and moderate-income communities.

Originally from Mexico City, he served in the Ministries of Foreign Affairs and Public Education before coming to New York, where he consulted for the City's Department of Education and participated in the Immigrant Financial Services Study by the Office of Financial Empowerment at the Department of Consumer Affairs.

He collaborated with Sesame Street in the development of a financial education kit for 3- to 5-year olds and with Teachers College in the development of the curriculum "Understanding Fiscal Responsibility." He is co-author of the book Mi Dinero (My Money) on personal finance for Hispanic teenagers. He is a former writer of the weekly column on personal finance for the New York daily Diario de Mexico USA.

He was a founding member and executive director of the nonprofit organization Qualitas of Life Foundation that offers financial education to Hispanic immigrants, and a member of the Board of Directors of the Mexican Educational Foundation of New York. In 2010, he was selected as an Immigrant Leader for the Council of the Americas Hispanic Integration Hub, recognition that is given to foreigners that are having a significant impact in the United States. In 2011, he was elected as Council Member of the Advisory Board of the Institute of Mexicans Abroad representing Mexicans in NY, NJ and CT. He currently serves in the Advisory Board of the Jaime Lucero Mexican Studies Institute of the City University of New York.

Franco holds a bachelor of science in business administration from Boston University where he graduated summa cum laude, and a master's degree in international affairs at Columbia University. He has Ph.D. in Comparative and International Education - academic discipline economics - from Columbia University.

Heather Graham
Director
Office of Special Initiatives and Demonstration Grants, U.S. Department of Labor, Employment and Training Administration (USDOL ETA) Region 1

With over 25 years of federal experience with the Employment and Training Administration, Ms. Graham is currently the Director of ETA's Region 1 Office of Special Initiatives and Demonstration Grants. Ms. Graham oversees over 170 competitively awarded ETA grants and the Region's grants management and technical assistance mission in the 10-state, Region 1 area—which includes the 6 New England States, New York, New Jersey, Puerto Rico and the Virgin Islands. Through her work with ETA's Regional Office Ms. Graham advocates for innovative workforce solutions and approaches, and seeks to broker forward-thinking workforce conversations with key workforce partners for ETA grantees.

She holds a BA from the University of Vermont and a Master's in Public Health from Boston University, and served as a Peace Corps Volunteer in North Africa.

Billy J. Hensley, Ph.D.
Senior Director of Education
National Endowment for Financial Education(NEFE)

Billy J. Hensley, Ph.D., is the Senior Director of Education for the National Endowment for Financial Education® (NEFE®), where he directs the grant-making, research, web strategy, college, and consumer education programs for the foundation. Hensley joined NEFE in 2010 and has since managed a national teacher professional development enterprise, the foundation's research agenda, and several financial literacy initiatives that seek to increase the financial well-being of all Americans.

During his career, he has worked in educational philanthropy and higher education administration in Colorado, Ohio, and Kentucky. His primary research interests are the socio-cultural influences on behavioral choices and learning, teacher professional development and assessment, and the facilitation of social change through philanthropy.

During his tenure in philanthropy and higher education, Dr. Hensley has served as Assistant Director for the Ohio College Access Network and Program Associate at KnowledgeWorks Foundation in Cincinnati, as well as administrative positions at Hiram College and Union College. While working on college access issues, he helped increase the number of access programs in Ohio by designing sustainability plans in communities all across the state. His efforts helped increase the number of students served by college access initiatives to 189,000 in 205 of Ohio's 612 school districts. Through his work at KnowledgeWorks, he managed a partnership with the Ford Foundation that helped to build a national policy model for occupation advancement via career and educational pathways for low-wage, working adults.

Dr. Hensley has served on the Board of Directors of the Urban Appalachian Council, the Youth Council of the Southwest Ohio Workforce Policy Board, the Diversity Council of the University of Cincinnati, the Union College Alumni Board of Directors, and the Gallatin County Food Pantry. His research has been presented at state, national, and international conferences and also has been published in numerous, peer-reviewed research journals.

Dr. Hensley is the recipient of the Rising Star Young Alumni Award from Union College, where he earned a BS; he also received the Outstanding Doctoral Student of the Year Award in Educational Studies from the University of Cincinnati, where he earned a Ph.D.

Lauren Larin
Director
Technical Assistance and Evaluation, MyPath

Lauren Larin is the Director of Technical Assistance and Evaluation at MyPath, a national nonprofit that designs, tests and scales youth financial capability and youth leadership programs. MyPath's comprehensive youth financial capability models have been proven effective by outside evaluators and are the only ones in the country with that distinction. MyPath's impact and lessons have been published by the Federal Reserve Bank of San Francisco and the Journal of Consumer Affairs, and were highlighted in the Consumer Financial Protection Bureau's report on best practices in integrating financial capability in youth workforce settings.

Since joining MyPath in 2012, Ms. Larin has helped to grow the highly effective MyPath Savings program from a pilot in San Francisco to being implemented in an expected 5-7 cities in 2016. With proof of concept established, she has led the development of MyPath's technical assistance services to engage cities, nonprofits, financial institutions, and policymakers to bring about systems-level changes to tap the first income streams of low-income working young people, and use them to support these young people to develop their financial capability, unlock their potential, and create better futures for themselves and their families.

In addition to providing technical assistance and training services, she also directs MyPath's evaluation work, including a recent two-year, quasi-experimental study funded by CFSI evaluating the effectiveness of MyPath Savings. The first experimental study of its kind in the nation, it rigorously demonstrates youth financial capability outcomes in youth employment settings.

Ms. Larin has over a decade of experience in the youth and community development fields, and is currently a PhD Candidate in Urban Studies, with a focus on community development, at Portland State University. She also holds a B.A. from UC Berkeley.

Laura Levine
President & CEO
National Jump$tart Coalition

Laura Levine has devoted her career to helping people of all ages better understand financial services through marketing and outreach, communications, and most recently, through education. In 2004, she became executive director of the Jump$tart Coalition for Personal Financial Literacy, a Washington DC-based coalition commitment to "financial smarts for students," and was named President and CEO in 2011.

Laura began her career in credit unions and was a credentialed, Capitol Hill correspondent before moving into the securities industry. Laura served as Director of Editorial Services for the National Association of Securities Dealers (now FINRA) and, later, as Director of Education and Information for the NASD Office of Individual Investor Services. From 1999-2004, Laura was Director of the NASDAQ Educational Foundation.

Since taking over at Jump$tart, Laura has continued to raise awareness about financial literacy, while growing the coalition at both the state and national levels. In 2008, Laura was appointed to the President's Advisory Council on Financial Literacy by President George W. Bush and chaired the Council's Youth Committee. She has recently served on the Retirement Security Coalition Advisory Board for the Financial Services Roundtable and the Financial Literacy Advisory Group for the American Library Association. She is currently a member of the Experian Consumer Council, as well as the Curriculum and Assessment Task Forces for Child and Youth Finance International.

A native of Los Angeles, Laura holds a degree in Broadcast Journalism from the University of Southern California and is a graduate of the Western CUNA Management School. She does not consider herself a financial expert, but rather, a staunch advocate for financial education and information, and (she hopes) she is raising a financially literate son.

Nick Maynard
Senior Innovation Director
Doorways to Dreams (D2D) Fund

Nick Maynard is a Senior Innovation Director at D2D, where he leads efforts to expand the reach of successful pilots and identifies pathways to take innovations to scale. Since joining D2D, Nick has produced a library of award-winning "Financial Entertainment" video games for adults and youth—including FarmBlitz, Bite Club, Celebrity Calamity, Groove Nation, Refund Rush, and D2D's newest game for the Financial Industry Regulatory Authority (FINRA) Foundation, Con 'Em if You Can; he led the creation of the first "Fitbit for Savings" gamified emergency savings app as well as the development of a gamified tool to help low- to moderate-income youth improve college financial decision making.

Nick has contributed to the national conversation on using gamification to promote positive financial action by appearing on various financial industry panels and presenting at conferences across the country. Additionally, he authored the RAND Corporation Working Paper, "Can Games Build Financial Capability?", and co-authored the Harvard Business School Working Paper, "Consumer Demand for Prize-Linked Savings: A Preliminary Analysis." Prior to joining D2D, Nick spent over a decade providing operational strategy consulting to Fortune 500 clients with Deloitte Consulting and Braxton Associates.

Nick holds both a Master's in Business Administration and a Master's in Public Policy from Harvard University. He also holds a Bachelors of Engineering and Operations Research from Princeton University.

Tim Martin
Director
Office of State Systems, U.S. Department of Labor, Employment and Training Administration, Region 1

Tim Martin is the Director of the Office of State Systems in the U.S. Department of Labor/Employment and Training Administration's Boston Regional Office. Prior to becoming the Director, Tim worked on a number of workforce development programs, including: unemployment insurance, job training, Welfare-to-Work, and ETA-funded competitive grants. Prior to joining ETA, Tim worked as an attorney in Boston, for the Rhode Island Department of Labor and Training, on youth-related programs, and as a Peace Corps Volunteer in the South Pacific.

Tim received his undergraduate degree from the University of Rhode Island and law degree from Suffolk University Law School.

Tracie G. Morris
Senior Community Affairs Specialist
Outreach and Program Development, DCP, Federal Deposit Insurance Corporation

Tracie G. Morris is a Senior Community Affairs Specialist in the Outreach and Program Development Section at the Federal Deposit Insurance Corporation in Washington, DC. She collaborates to conceptualize and implement projects that foster greater economic inclusion, such as the FDIC's Youth Savings Pilot. Before her current position, Ms. Morris served in a number of positions throughout the FDIC and has gained experience in resolutions, international affairs, training, and financial information management.

Ms. Morris holds a BA from Appalachian State University and graduated from the Graduate School of Banking at the University of Wisconsin.

Holly O'Brien
Regional Administrator
U.S. Department of Labor, Employment and Training Administration, Region 1

Holly O'Brien is currently the Administrator for the Region 1 office the of U.S. Department of Labor's Employment and Training Administration. In this capacity she is responsible for oversight and technical assistance of workforce training and unemployment insurance programs operated by the states of Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont, as well as the territories of Puerto Rico and the Virgin Islands.

In addition to her work on large-scale system development initiatives, Ms. O'Brien spent several years expanding and managing the Region's discretionary grants programs. There, she worked with national and regional leaders to design and fund creative initiatives targeted toward specific populations, such as the disabled, farm workers, incarcerated youth, and with the faith/community-based organizations that serve these populations.

A native of Massachusetts, Ms. O'Brien holds a Bachelor's Degree in Economics. Before joining the Employment and Training Administration, she spent several years in Ecuador as a Peace Corps volunteer, working on community economic development and rural health issues. She began her career in public service as a member of the U.S. Army.

Chris Shannon
Community Affairs Manager
Federal Reserve Bank of Boston

Chris researches and fosters innovations in workforce and youth development to promote household stability in low- to moderate-income communities and to maximize employment. Prior to this role, she worked at two workforce investment boards and oversaw the regional Perkins programming for a community college. Chris has over 20 years of instructional design experience and is well informed in a variety of youth issues including college and career readiness, academic alignment, financial capabilities and vocational education.

I-Hsing Sun
Chief Program Officer
Cities for Financial Empowerment Fund

I-Hsing Sun serves as chief program officer at the Cities for Financial Empowerment (CFE) Fund, with a mission to leverage municipal engagement to improve the financial stability of low- and moderate-income households by embedding financial empowerment strategies into local government infrastructure. Ms. Sun leads the development and implementation of all programmatic work, which includes supporting cities to build asset building, access to banking, financial counseling and consumer financial protection programs. Ms. Sun also teaches financial management to graduate students at the Columbia University School of Social Work.

Prior to her work with the CFE Fund, Ms. Sun was the Assistant Commissioner for Financial Empowerment Programs at the New York City Department of Consumer Affairs, where she worked to help educate, empower and protect low-income consumers in the financial services marketplace. Earlier, Ms. Sun was responsible for a $6 million dollar portfolio at the Robin Hood Foundation, where she advised the executive directors of organizations and developed economic metrics used to evaluate the impact of the workforce, education, and government benefits programs on the individuals served. Ms. Sun previously worked at Goldman Sachs and Price Waterhouse.

She received a BS from New York University and an MBA from the Wharton School, University of Pennsylvania.

Mark Treskon
Research Associate
Urban Insitute

Mark Treskon, Ph.D., is a research associate at the Urban Institute. His areas of expertise include financial capability, housing policy, and housing finance. Current projects include management of a community needs assessment for the District of Columbia Housing Authority, a study of efforts to integrate financial capability initiatives into human service programs, and an evaluation of HUD's Moving to Work program.

He was the project manager on a recent evaluation of financial coaching programs for the Consumer Financial Protection Bureau, which released a final report in October 2015. Other recent projects have included a study measuring the effects of arts-related initiatives on community livability, and research into policy options relevant to a wrap-around services model for youth. He has experience in evaluation design, project management, analysis, and report drafting.

Previously, Treskon worked on policy issues around taxation, higher education, and economic development at the Center for Working Families, and has researched housing and home lending issues for the National Low Income Housing Coalition and the National Community Reinvestment Coalition. He has published peer-reviewed articles and book chapters on community-based planning, home lending policy advocacy, and the arts economy.

Treskon has a Ph.D. in Sociology from New York University, a Master's in Urban Planning from the University of Toronto, and a Bachelor's in Geography from the University of Chicago.