Visual literacy

MarketDraft: A New Approach to Education through Game Play

Retrieved on: 
Wednesday, December 28, 2022

Through its unique approach of combining education with game play, the platform is providing a free, fun, and interactive learning experience for its rapidly growing community of thousands of users in the stock and crypto markets.

Key Points: 
  • Through its unique approach of combining education with game play, the platform is providing a free, fun, and interactive learning experience for its rapidly growing community of thousands of users in the stock and crypto markets.
  • The concept of education through game play is not a new one.
  • The platform's game play options and educational content are constantly evolving, with many different game plays and hundreds of educational articles added to the platform since its launch.
  • And with its constantly evolving game play options and educational content, users can continue to improve their skills and increase their chances of winning cash prizes.

Capital Plus Financial closes $125 million Treasury bond

Retrieved on: 
Monday, December 19, 2022

DALLAS, Dec. 19, 2022 /PRNewswire/ -- Capital Plus Financial, a community development financial institution, certified B Corp and wholly owned subsidiary of Crossroads Impact Corp, closed a $125 million bond from the United States Treasury Department's CDFI Bond Guarantee Program – the largest bond allocation issued by the program in 2022.

Key Points: 
  • DALLAS, Dec. 19, 2022 /PRNewswire/ -- Capital Plus Financial, a community development financial institution, certified B Corp and wholly owned subsidiary of Crossroads Impact Corp, closed a $125 million bond from the United States Treasury Department's CDFI Bond Guarantee Program – the largest bond allocation issued by the program in 2022.
  • After the program's thorough due diligence, Capital Plus Financial was named a bond recipient of the highly selective and competitive program, which will allow CPF the ability to better serve its borrowers by providing long-term, fixed-rate cost of debt capital.
  • Capital Plus Financial is one of only five CDFIs nationwide selected.
  • The U.S. Treasury Department issues the bond for which the qualified issuer sells the bonds to the Federal Financing Bank.

Hampton University and Stackwell Announce Student Investment Program for the Class of 2026

Retrieved on: 
Monday, December 12, 2022

HAMPTON, Va. and BOSTON, Dec. 12, 2022 /PRNewswire/ -- Hampton University and Stackwell, the digital investment platform designed to eliminate the racial wealth gap, today announced the launch of a new student investment program that will provide funded investment accounts and financial investment education to every member of the university's freshman class. Hampton is donating a total of $25,000 to seed Stackwell investment accounts for each student in the Class of 2026, which will be coupled with a financial literacy program from the Society for Financial Education and Professional Development (SFEPD). SFEPD's program will allow every student, faculty member, staff member, and parent access to an online financial literacy course valued at $3,000 – free of charge. The goal of the program is to empower students and their families' financial futures and encourage wealth building throughout their lives.

Key Points: 
  • HAMPTON, Va. and BOSTON, Dec. 12, 2022 /PRNewswire/ -- Hampton University and Stackwell , the digital investment platform designed to eliminate the racial wealth gap, today announced the launch of a new student investment program that will provide funded investment accounts and financial investment education to every member of the university's freshman class.
  • Hampton is donating a total of $25,000 to seed Stackwell investment accounts for each student in the Class of 2026, which will be coupled with a financial literacy program from the Society for Financial Education and Professional Development (SFEPD).
  • Hampton and Stackwell hope to grow the size of the program in the future, and will provide the same program and seeded investment accounts for successive incoming classes of students, continuing with the class of 2027 and beyond.
  • "This new program is a key component to delivering the #1 student experience in America," said University President Darrell K. Williams.

FERF'S 13th Annual Public Company Audit Fee Study Reveals SPAC, Acquisitions and Organizational Structure Changes Increased Audit Scope and Fees

Retrieved on: 
Monday, November 7, 2022

MORRISTOWN, N.J., Nov. 7, 2022 /PRNewswire-PRWeb/ -- The Financial Education & Research Foundation (FERF)—the independent non-profit research affiliate of Financial Executives International (FEI)—today released the findings of its 13th Annual Public Company Audit Fee Study. The Study looks at various factors affecting financial reporting and external audits. This includes value derived from external audits; auditor insights; process efficiencies for public company preparers; and key factors driving audit fee changes.

Key Points: 
  • This includes value derived from external audits; auditor insights; process efficiencies for public company preparers; and key factors driving audit fee changes.
  • The fee, scope, and effort increases were driven by a variety of factors to include acquisitions, organizational structure changes, and ICFR changes not related to the hybrid work environment among others.
  • Forty-nine percent of public company respondents stated that the use of data analytics and emerging technologies improved the quality of their audit.
  • The FERF 2021 Public Company Audit Fee Study Report examines audit fees companies paid to external auditors for auditing and related services for the period between June 2021 and May 2022.

Top Personal Finance Curriculum Provider Launches Spanish & English Language Learner Directory

Retrieved on: 
Tuesday, November 1, 2022

PALO ALTO, Calif., Nov. 1, 2022 /PRNewswire/ -- Next Gen Personal Finance (NGPF) launched a new Spanish & English Language Learner (ELL) Directory this fall to make it easier for Spanish-speaking and ELL students to access valuable personal finance education.

Key Points: 
  • PALO ALTO, Calif., Nov. 1, 2022 /PRNewswire/ -- Next Gen Personal Finance (NGPF) launched a new Spanish & English Language Learner (ELL) Directory this fall to make it easier for Spanish-speaking and ELL students to access valuable personal finance education.
  • This move has resulted in Spanish translations for all of the NGPF's high school semester course activities as well as the entire middle school personal finance course.
  • A teacher favorite is the personal finance dictionary, released in July, with personal finance terms, definitions, and a glossary in both Spanish and English.
  • This consists of ready-to-use financial literacy curriculaincluding personal finance, math, and economics collections with Spanish translationsas well as free professional development.

The Charles Schwab Corporation Announces Appointment of New Board Member

Retrieved on: 
Friday, October 28, 2022

The Charles Schwab Corporation today announced its Board of Directors has approved the appointment of Carrie Schwab-Pomerantz as a director, effective immediately.

Key Points: 
  • The Charles Schwab Corporation today announced its Board of Directors has approved the appointment of Carrie Schwab-Pomerantz as a director, effective immediately.
  • She has served as Board Chair of the Charles Schwab Foundation since 2014 and as Board Chair of Schwab Charitable since 2012.
  • We are fortunate to have Carrie join the Schwab Board, said Walt Bettinger, Co-Chairman and Chief Executive Officer of The Charles Schwab Corporation.
  • TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation.

Clayton County Public Schools Partners with Goalsetter Classroom to Deliver on K-12 Financial Education Curriculum

Retrieved on: 
Tuesday, October 25, 2022

JONESBORO, Ark., Oct. 25, 2022 /PRNewswire/ -- Clayton County Public Schools (CCPS) is proud to announce its partnership with Goalsetter to provide Goalsetter Classroom to more than 3,300 11th and 12th-grade students in Clayton County high schools.

Key Points: 
  • JONESBORO, Ark., Oct. 25, 2022 /PRNewswire/ -- Clayton County Public Schools (CCPS) is proud to announce its partnership with Goalsetter to provide Goalsetter Classroom to more than 3,300 11th and 12th-grade students in Clayton County high schools.
  • Goalsetter is an award-winning savings platform that, along with its affiliated investment platform, focuses on providing fun, engaging and relevant financial education.
  • As part of the partnership with Goalsetter Classroom, each school will receive:
    Engaging Financial Education: Goalsetter Classroom is mapped to the Jumpstart.org National Standards for Financial Education, providing relevant and timely classroom financial education that will be supported by its industry-leading technology and financial education curriculum.
  • Parent and Educator Financial Training: Parents and educators will be provided one-on-one financial coaching and engaging in-person financial education workshops.

NIL ATHLETES STAR IN KINLY NIL CAMPAIGN "PREPARE FOR YOUR MOMENT"

Retrieved on: 
Thursday, October 20, 2022

ATLANTA, Oct. 20, 2022 /PRNewswire/ -- Kinly, the financial app that proudly serves the unique needs of Black America and its allies, launches its first NIL campaign "Prepare for Your Moment", to promote financial empowerment and building generational wealth within the Black community. University of North Carolina Women's Basketball star Deja Kelly along with Jackson State football's Shedeur Sanders and Shilo Sanders are featured in the campaign highlighting the hard work and dedication young people need to prepare for their personal "moments" and how the Kinly app can support their financial goals.

Key Points: 
  • Kinlys goal is to empower our community to take control of their finances through relatable financial education, modern financial features and Black-focused spending.
  • They all truly exemplify what our Prepare for Your Moment campaign is about, says Donald Hawkins Kinly founder and CEO.
  • "I speak all the time about how important it is for young athletes to build generational wealth," says Deja.
  • The objective of the "Prepare for Your Moment" campaign is to generate awareness of the Kinly app and empower consumers to improve their financial livelihood.

Austin Bank, Texas N.A. and FHLB Dallas Award $8K to Lufkin Nonprofit

Retrieved on: 
Monday, October 17, 2022

and the Federal Home Loan Bank of Dallas awarded $8,000 to Lufkin nonprofit, Legacy Institute for Financial Education.

Key Points: 
  • and the Federal Home Loan Bank of Dallas awarded $8,000 to Lufkin nonprofit, Legacy Institute for Financial Education.
  • (Photo: Business Wire)
    The award, which includes a 3:1 match of funds from FHLB Dallas, was celebrated today during a ceremonial check presentation at LIFEs office in Lufkin, Texas.
  • Were honored to receive this funding from Austin Bank and FHLB Dallas, said Joseph J. Ceasar, founder and executive director of LIFE.
  • Austin Bank is locally owned and operated by the Austin family who is celebrating 113 years of service in the Texas banking industry.

Kenneth A. Jessell selected as FIU's sixth president

Retrieved on: 
Monday, October 17, 2022

MIAMI, Oct. 17, 2022 /PRNewswire/ -- Today the Florida International University Board of Trustees voted unanimously to name Kenneth A. Jessell the university's sixth president.

Key Points: 
  • MIAMI, Oct. 17, 2022 /PRNewswire/ -- Today the Florida International University Board of Trustees voted unanimously to name Kenneth A. Jessell the university's sixth president.
  • The selection of Jessell, who has served as FIU's interim president since January, is pending confirmation by the Florida Board of Governors.
  • Prior to serving as interim president, Jessell was FIU's senior vice president for finance and administration and CFO for 13 years.
  • Prior to his time at FIU, Jessell served as the senior vice president for financial affairs at Florida Atlantic University.