FDIC, Operation HOPE to collaborate on financial education

The Federal Deposit Insurance Corp. (FDIC) and Operation HOPE Inc. on Monday announced a collaboration arrangement on financial education that includes resource sharing to educate minority- and/or women-owned businesses on how to compete for business opportunities with the FDIC.

The aim, according to the statement of purpose in the agreement, is to “promote financial education using the Money Smart curriculum, educate Minority and/or Women-Owned Businesses on how to do business with the FDIC, and promote economic inclusion and increase consumer access to affordable credit.”

The agreement outlines a number of activities that the FDIC and Operation HOPE will engage in, including – among others – the FDIC’s providing Operation HOPE access to its Money Smart curriculum (launched in 2001), related technical assistance, and training of Operation HOPE “staff/stakeholders” who will teach the curriculum.

Operation HOPE, also among other things, will provide the FDIC opportunities to appear at events and publish articles in its publications, provide Money Smart to instructors, and provide the FDIC feedback on the curriculum, according to the agreement.

FDIC Announces Collaboration with Operation HOPE, Inc. to Expand Financial Education and Minority/Women-Owned Business Opportunities

Collaboration arrangement