The Office of the Comptroller of the Currency (OCC) published a release recognizing April as National Financial Literacy Month and encouraged national banks and federal savings associations to support efforts to improve customers’ financial literacy and overall financial health. The OCC highlighted that banks can promote financial literacy by supporting high-quality education and resources and by identifying opportunities to expand access to financial services that help build financial health. The release also pointed to the need for strategies that help consumers make sound financial choices, build financial assets, and understand and avoid increasingly sophisticated frauds and scams, and it outlined OCC resources available to banks, including financial capability fact sheets, financial health and literacy resource directories, a quarterly financial literacy update, and consumer fraud awareness and prevention materials, supported by OCC Community Affairs Officers.
Office of the Comptroller of the Currency 2025-04-01
Office of the Comptroller of the Currency promotes National Financial Literacy Month and urges banks to strengthen consumer financial education and fraud awareness
The Office of the Comptroller of the Currency (OCC) marked April as National Financial Literacy Month, urging national banks and federal savings associations to enhance financial literacy and health. The OCC emphasized the importance of high-quality education, resource support, and strategies to help consumers make informed financial decisions and avoid fraud. It also provided banks with resources like fact sheets, directories, and fraud prevention materials.