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Cordray Leads Texas Town Hall on Financial Literacy
Friday, September 9, 2016 6:55 AM

Las Colinas FCU CEO Kevin Scott (left) with CFPB Director Richard Cordray and Las Colinas Operations Service Manager Susie Mayes (right).

Following his appearance at the Sept. 7 CU4 Reality Fair at Lake Highlands Junior High School in North Dallas, Consumer Financial Protection Bureau Director Richard Cordray held an invitation-only town hall for school administrators and staff, policymakers, nonprofits, financial institutions, academics, financial educators, parents, faith leaders, and other community leaders.

The town hall, hosted by Texas Appleseed, took place at the Dallas Public Library and was to focus on successful strategies for incorporating financial skills and knowledge into K-12 youth education. The event also included a brief opportunity

for event-goers to provide testimony about their experiences.

At the meeting, representation from credit unions included Credit Union of Texas, American Airlines CU, and Las Colinas FCU.

Kevin Scott, CEO from Las Colinas, told Cornerstone CEO Dick Ensweiler that at the end of Cordray's lecture, he had a chance to talk about the good that Las Colinas FCU does in the community. Specifically, they shared that Operations Services Manager Susie Mayes supervises five student-run branches at local elementary schools within the Coppell ISD.

Scott said, "Financial Literacy is a key passion of

Mr. Cordray. What a great opportunity to get in front of a key decision maker within our industry."

Recently, at a semi-annual meeting of the CFPB Credit Union Advisory Council, Cordray said credit unions are pacesetters when it comes to consumer education and leaders in youth financial education. In the discussion portion of that meeting, many committee members related how effective reality fairs are and the difference they make in helping kids really understand finances. They also noted that reality fairs help train teachers to feel comfortable teaching the topics covered in the fairs.