Welcome!

News Feed Item

American Bankers Association and Operation HOPE Launch National Collaborative Agreement to Maximize Youth and Adult Empowerment

Collaboration boosts goals for HOPE's Project 5117 and pledges for both ABA and HOPE's commitments to Clinton Global Initiative America in support of financial capability, entrepreneurship and economic empowerment

WASHINGTON, March 4, 2014 /PRNewswire-USNewswire/ -- The American Bankers Association and global financial dignity leader Operation HOPE (HOPE) announced today an unprecedented new partnership fortifying the efforts of both organizations in expanding financial literacy empowerment, economic energy, and good credit for youth and adults over the next two years.

"After working to support each other's work for years, we are excited to work collectively to take each other's programs and initiatives to scale and implement solutions that will sustain economic recovery in the United States," said Mary H. Ehrsam, President of HOPE Global Youth Empowerment Group and CEO of the New York Market. "We are very proud to work with the American Bankers Association to empower Americans both young and old, with a better understanding of how to take control of their financial future."

This allegiance formalizes the long-time relationship between HOPE and ABA. In 2004, Donald Ogilvie, then president and CEO of ABA, joined John Hope Bryant, HOPE founder, chairman and CEO in a New York classroom for a Teach Children to Save lesson.  Since 1997, six million students have been reached through ABA's signature education programs, Teach Children to Save, Get Smart About Credit, and the Lights, Camera, Save video contest.

"We are thrilled to officially partner with HOPE," said ABA President and CEO Frank Keating. "Together, we will make great strides in providing the tools and resources necessary to advance financial education across the country."

ABA will promote and highlight HOPE's youth and adult programs, which include HOPE Inside, HOPE Inside Plus, and HOPE Business In A Box Academies, working toward HOPE Project 5117's six-year goals. HOPE will encourage participation in ABA's Teach Children to Save and Get Smart About Credit programs. Both will collaborate on financial literacy advocacy and work together to build a lesson for banker volunteers to use in their presentations featuring ABA's Get Smart About Credit and HOPE presentations.  In addition, both organizations will participate in events and activities in targeted regions to highlight and promote the partnership.

The ABA and HOPE will work together to provide mutual support for their respective Clinton Global Initiative America commitments. Both organizations seek to fulfill economic empowerment and entrepreneurship commitments to the Clinton Global Initiative America, a program established by former President Clinton which convenes leaders to create and implement innovative solutions to social challenges.

Project 5117 is HOPE's multi-year initiative, which seeks to continue Dr. Martin Luther King's efforts to eradicate poverty. With the support of the ABA, HOPE will expand delivery of programs aimed at financial Inclusion and empowerment, focusing on the stemming the dropout epidemic by providing financial inclusion education to five million youth, empowering one million young entrepreneurs through HOPE Business In A Box Academies, and helping families in underserved communities achieve a 700 credit score.

SOURCE American Bankers Association

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
In the rush to compete in the digital age, a successful digital transformation is essential, but many organizations are setting themselves up for failure. There’s a common misconception that the process is just about technology, but it’s not. It’s about your business. It shouldn’t be treated as an isolated IT project; it should be driven by business needs with the committed involvement of a range of stakeholders.
SYS-CON Events announced today that EastBanc Technologies will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. EastBanc Technologies has been working at the frontier of technology since 1999. Today, the firm provides full-lifecycle software development delivering flexible technology solutions that seamlessly integrate with existing systems – whether on premise or cloud. EastBanc Technologies partners with p...
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
In today's enterprise, digital transformation represents organizational change even more so than technology change, as customer preferences and behavior drive end-to-end transformation across lines of business as well as IT. To capitalize on the ubiquitous disruption driving this transformation, companies must be able to innovate at an increasingly rapid pace. Traditional approaches for driving innovation are now woefully inadequate for keeping up with the breadth of disruption and change facin...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
18th Cloud Expo, taking place June 7-9, 2016, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some...
@DevOpsSummit taking place June 7-9, 2016 at Javits Center, New York City, and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
How will your company move to the cloud while ensuring a solid security posture? Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is ...
SYS-CON Events announced today Object Management Group® has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that IBM Cloud Data Services has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. IBM Cloud Data Services offers a portfolio of integrated, best-of-breed cloud data services for developers focused on mobile computing and analytics use cases.
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...