AFSA and AFSAEF Comment on Treasury’s National Strategy for Financial Literacy
On April 6, AFSA and the AFSA Education Foundation provided comment on the Treasury’s updated National Strategy for Financial Literacy. This strategy initiative is led by the interagency Financial Literacy and Education Commission (FLEC). FLEC is composed of the heads of the following 24 agencies:
- Department of the Treasury (Chair)
- Consumer Financial Protection Bureau (Vice-Chair)
- Commodity Futures Trading Commission
- Department of Agriculture
- Department of Defense
- Department of Education
- Department of Health and Human Services
- Department of Housing and Urban Development
- Department of Interior
- Department of Labor
- Department of Veterans Affairs
- Federal Deposit Insurance Corporation
- Federal Emergency Management Agency
- Federal Housing Finance Agency
- Federal Reserve Board
- Federal Trade Commission
- General Services Administration
- National Credit Union Administration
- Office of the Comptroller of the Currency
- Office of Personnel Management
- Small Business Administration
- Securities and Exchange Commission
- Social Security Administration
- White House Domestic Policy Council
In our comment, we highlighted the success of MoneySKILL, the AFSA Education Foundation’s pioneering personal finance curriculum, which delivers high-quality, no-cost personal finance education to students online. We also touched on the challenges for industry relating to credit washing, debt settlement, and other tactics that harm consumers and lenders alike. In order to reduce these harms, we urged FLEC to focus on education that prepares consumers to use credit sustainably and detect and avoid schemes that promise harmful short-cuts to establishing and maintaining positive credit records.
April 9th, 2026
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