CORE's Financial Literacy, Choice & Awareness Campaign
CORE Spokesperson, Niger Innis, testifies at Ohio Financial Institutions Committee hearing
Congress of Racial Equality Spokesperson Niger Innis was in Ohio last week to promote CORE’s Financial Literacy Choice & Awareness Campaign. While in Columbus, he joined economists and researchers at House Financial Institutions Committee hearing to testify in support of H.B. 337 that would help the State Legislature regulate the payday lending industry. He supports the bill because it creates a financial literacy education fund to be used to support various adult financial literacy education programs, requires check-cashing loan businesses to comply with the “Fair Debt Collection Practices Act” and creates an optional extended payment plan for borrowers who are unable to pay their loan on its due date.
“CORE is a long time supporter of financial literacy. We believe that people should be able to make their own financial decisions and that they are best able to do that when they are educated and given accurate information,” Innis informed the committee. “It is for these reasons that in 2005 CORE initiated its Financial Literacy Choice and Awareness Campaign (FLCA) to educate the public about various financial choices as well as the opportunities and pitfalls associated with those choices.”
In private meetings with the Gov. Ted Strickland (D), President of the Ohio Senate, Bill Harris (R) and the Speaker of the House, Jon Husted (R); Innis discussed the real possibility of a joint financial literacy campaign with the state of Ohio.
Innis looks forward to working with Ohio and the rest of the nation because, “financial literacy and awareness is the next frontier for the civil rights movement and we should all do our share to further that goal.”
Click on photo link to read full text of CORE's testimony before Ohio Financial Institutions Committee
Click on Photo
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