SunTrust Banks and other financial-services firms are launching programs to improve the financial literacy of consumers and employees. Bank of America has recently begun advertising about its one-page, plain-language mortgage-disclosure form, while Marshall & Ilsley Bank has added staff dedicated to financial literacy. "The ability to have a much better educated populace is good for the industry," said Don McGrath, chairman of BancWest and an officer of the Financial Services Roundtable. Visit the AICPA's financial literacy Web site for consumers at www.360financialliteracy.org.

Full Story:
U.S. Banker

Related Summaries