Public Policy

Contributing to Advancements

Because NEFE observes the ever-evolving personal finance landscape and is aware of how each change affects consumers, we are compelled to comment on financial literacy topics through public policy and government. NEFE has provided testimony to and worked with a variety of decision-making entities, in nonlobbying roles.

We’ve worked with many groups, including:

  • Consumer Financial Protection Bureau

  • Federal Deposit Insurance Corporation

  • Federal Reserve

  • General Accountability Office

  • Internal Revenue Service - Stakeholder Partnerships, Education and Communication (SPEC)

  • National Institute of Food and Agriculture

  • President’s Advisory Council on Financial Capability

  • Social Security Administration

  • U.S. Department of Education

  • U.S. Department of Labor

  • U.S. Department of the Treasury (Office of Financial Education and Access; Financial Literacy and Education Commission)

  • White House

Wherever financial literacy is being promoted, we want to be there.

 -Ted Beck, NEFE President & CEO

  Share

NEFE is not a membership organization or a lobbying group. We share our expertise through testimony

U.S. Senate Special Committee on Aging
NEFE president and CEO Ted Beck testified at a hearing before the U.S. Senate Special Committee on Aging on June 16, 2010 on "The Retirement Challenge: Making Savings Last a Lifetime." Beck described NEFE’s initiatives and how they provide a holistic model for preparing for and managing income in retirement.  Click here for the video and more information on the hearing.

U.S. House Financial Services Subcommittee on Financial Institutions and Consumer Credit
NEFE senior director Brent Neiser delivered testimony before the U.S. House Financial Services Subcommittee hearing June 25, 2009, on "Improving Consumer Financial Literacy under the New Regulatory System."

Neiser also testified on June 26, 2008, at a hearing of the U.S. House of Representatives Subcommittee on Financial Institutions and Consumer Credit on "Problem Credit Card Practices Affecting Students: The Need for Legislative Action."

U.S. House of Representatives Subcommittee on Financial Institutions and Consumer Credit
On September 28, 2006, NEFE president and CEO Ted Beck spoke before a U.S. House of Representatives Subcommittee on "Improving Financial Literacy: Working Together to Develop Private Sector Coordination and Solutions."

We provide comment letters

Bureau of Consumer Financial Protection
On October 31, 2012, NEFE responded to a request for information on effective financial education.

Bureau of Consumer Financial Protection
On August 20, 2012, NEFE responded to a request for information regarding senior financial exploitation.

U.S. Department of the Treasury
On November 11, 2011, NEFE responded to a request for comment on financial access activities.

Securities and Exchange Commission
On June 21, 2011, NEFE responded to a request for comment on the effectiveness of existing private and public efforts to educate investors.

We serve on task forces and commissions

President’s Advisory Council on Financial Capability (Obama) 
CEO Ted Beck appointed as Council Member and Chair of Research and Evaluation Subcommittee. The 15-member bipartisan Council presented its final report of recommendations to President Obama on February 19, 2013.

President’s Advisory Council on Financial Literacy (Bush) 
CEO Ted Beck appointed as Council Member and Chair of Outreach Committee 

Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion
CEO Ted Beck serves as a member

We host and attend events on relevant topics