Press Releases Press Releases

PRESS RELEASE 02-05
April 18, 2002
Contact: Alana Golden, Public Information Officer
(916) 323-7012 or (916) 322-5966
www.dfi.ca.gov

Department of Financial Institutions Participates in Financial Literacy Panel at Latina Conference in Sacramento

SACRAMENTO - The California Department of Financial Institutions (DFI) participated in a financial literacy panel at the Hispanas Organized for Political Equality (HOPE) Conference in Sacramento on April 16. The conference was part of HOPE's celebration of their 8th annual Latina Action Day at the California State Capitol on April 16-17.

"DFI is forming new relationships with government and community organizations that have an interest in promoting financial literacy and preventing practices that are unfair to the consumer," said Donald R. Meyer, Commissioner.

The Department participated in a concurrent workshop, "Governments Role in Financial Literacy and Consumer Protection." DFI Public Information Officer, Alana Golden Nabong, presented HOPE participants with information on the importance of financial literacy and how the financial services industry, government and community organizations are recognizing and supporting this worthwhile effort.

Governor Gray Davis proclaimed April 2002 "Financial Literacy Month" in California to encourage Californians to increase their understanding of saving, investing, and credit choices. California's consumers face many choices that affect their financial future.

Hispanas Organized for Political Equality (HOPE) was founded in 1989 by a dynamic and politically influential group of Latinas representing the full spectrum of business, political, and social tenets. HOPE is a non-profit, non-partisan organization committed to ensuring political and economic parity for Latinas through leadership, advocacy, and education to benefit all communities and the status of women.

The Department of Financial Institutions is responsible for administering State laws regulating state-licensed banks, state-licensed savings and loans, trust companies, state-licensed offices of foreign banks, issuers of travelers checks and payment instruments (money orders), transmitters of money abroad, state-licensed credit unions, and state-licensed industrial banks. The Department reports to Maria Contreras-Sweet, Secretary of the Business, Transportation and Housing Agency and Governor Gray Davis.