GLWDB Staff Member Travels to Washington for Consumer Financial Protection Bureau Convening
In March of this year the GLWDB, in partnership with the Career Center of Lowell, requested the opportunity for technical assistance from the Consumer Finance Protection Bureau (CFPB) to integrate financial literacy into our year-round youth employment programs. The GLWDB was chosen to receive assistance, along with 24 other cities from across the country, from New York to Los Angeles, Chicago to Seattle.
On October 1st and 2nd, GLWDB Grant Specialist Michael Paglia traveled to Washington, D.C. for a national convening of the cities chosen. Mr. Paglia met with Richard Cordray, former Ohio Attorney General and the Director of the CFPB. In addition Mr. Paglia met with Portia Wu, the Assistant Secretary of the US Department Labor, Employment and Training Division and staff from the National League of Cities, an advocacy group, and the Corporation for Enterprise Development, a federal contractor.
The goals of the convening were to (1) Learn strategies to bridge the gap between youth employment programs and financial capability; (2) Discover ways to integrate technology and financial products and services into youth employment programs and; (3) Create metrics to maximize the impact of financial capability programs to measure outcomes and success.
Valuable case studies and best practices presented at the convening will help the GLWDB provide improved financial skills training to low-income at-risk youth throughout the city.