October 12, 2020
Kansas Office of the State Bank Commissioner
Contact: Dana Branam
Kansas Office of the State Bank Commissioner Awards Grant Funds for Financial Literacy Education
Topeka, KS -The Office of the State Bank Commissioner has awarded $75,000 in grant funds to four Kansas organizations to provide financial literacy education throughout the state.
The mission of the Office of the State Bank Commissioner (OSBC) is to "Ensure the integrity of regulated providers of financial services through responsible and proactive oversight, while protecting and educating consumers." Although its primary role is regulatory, the OSBC protects and educates Kansas consumers through its Consumer Education Grant Program. Each year, funds are provided to organizations that provide financial literacy (money management skills) to Kansas consumers. Qualifying applicants must submit an application to be considered. The grant process is competitive, and recipients must provide measurable results. Consumer education funds come from fines and settlements with companies within the regulatory jurisdiction of the Consumer and Mortgage Lending Division of the OSBC; therefore, available grant funds can fluctuate from year to year. No taxpayer monies are used for these grants. This year the OSBC was able to award a total of $75,000 to four organizations.
The recipients of OSBC Consumer Education grants are: Consumer Credit Counseling Service, Inc., Housing and Credit Counseling, Inc., Kansas Council on Economic Education, and The Pando Initiative, Inc.
Consumers are faced with many financial decisions beginning at a young age that affect their lives well into the future. It is important to make information and resources available so Kansans of all ages can make informed decisions. This year's grant funds will sponsor programs to prepare students to make financial decisions for their futures, as well as programs designed to assist adults with budgeting, saving, credit, emergency savings, investing, and protecting themselves from potential scams and fraud. More information about the specific OSBC sponsored programs is available on our website at https://www.osbckansas.org/grants. If you would like to know more about the OSBC Consumer Education Grant application process, please contact Dana Branam at firstname.lastname@example.org or (785) 414-9709.
The OSBC regulates all state-chartered banks, trust companies, mortgage businesses, supervised lenders, credit service organizations, and money transmitters that do business in the State of Kansas.