Vice Chairman of the U.S. President's Advisory Council on Financial Literacy John Hope Bryant,...

Committee Approved Draft "Best Practices" Report Now Public on U.S. Treasury Department Website LOS ANGELES, CA--(Marketwire - June 23, 2008) - At the 3rd public meeting of the U.S. President's Advisory Council on Financial Literacy, held June 18th, 2008, in the Cash Room of the U.S. Department of the Treasury, the full President's Council (Council) considered several proposals from the Committee on the Under-Served (Committee), also chaired by Mr. Bryant. It was at this meeting that the Council endorsed a first ever policy recommendation establishing "financial literacy at the very foundation (baseline) of future responsible subprime lending." The working draft of the Committee report of "best practices" around "the future of responsible mortgage subprime lending," previously approved by the Committee and currently being... [read full story]