More than 6,000 bankers will deliver financial education lessons to nearly 156,000 teens nationwide this year as part of ABA’s Get Smart About Credit initiative, which is sponsored by Ally Financial, Citi, U.S. Bank and Wells Fargo. As the industry observes Get Smart About Credit Day today, bankers will present lessons to students on important financial obstacles facing young adults, including paying for college, knowing their credit score, managing their money and protecting their identity.
ABA staff will mark the day by partnering with staff from the Consumer Financial Protection Bureau, M&T Bank, Columbia Bank, Revere Bank and Sandy Spring Bank to volunteer at Junior Achievement’s Finance Park facility in Montgomery County, Md. During the presentation, approximately 150 seventh-grade students will hear directly from bankers about the importance of budgeting. Read more.