On March 16th, the Professional Issues Committee held its 4th annual Advocacy Day at the State Capital in St. Paul. Approximately, 20 FPA MN members had lunch with the Department of Commerce Commissioner Rothman and several of his staff members. The Department of Commerce staff spoke about pending legislation to increase Department funding to improve state-regulated RIA and fraud detection. Michael Marben, the head of the fraud detection team, gave an excellent presentation on what his unit is doing to combat insurance and other financial fraud. Commissioner Rothman spoke about the continuing effort to pass the Safe Seniors Financial Protection act to stop elder fraud.
FPA MN members also went out to meet with their legislators to remind them about FPA MN's mission and efforts to increase financial literacy in Minnesota. Legislators were in agreement that financial literacy among our young people should be a priority to prepare them to make good decisions on debt and savings.
In fact, the Department of Commerce is leading the effort in this year’s Financial Literacy Month (April!) to shine a light on the importance of economic and financial education. In collaboration with non-profits and government agencies around the metro area, this year’s programming ranges from professional development workshops for teachers to roundtable discussions with policymakers to free public resources to Jump$tart’s annual conference “Solving the Puzzle of Paying for Higher Education” at the Federal Reserve bank of Minneapolis.
To learn more about Financial Literacy Month click here.
To learn more about what our FPA MN is already doing to enhance the financial education of our community and how to get involved, please read the newsletter posts under Financial Education committee and check out the get-involved page of the fpamn.org website.