cfpb under richard cordray, and again arne duncan. i am truly humbled to be part of this amazing counsel with some of the older members and the amazing new members. thank you for listening. >> hi, i'm josÉ cisneros. i am the treasurer of the city and county of san francisco. i am honored to join the other members working on this important topic. serve as vice chair of this council and join all the other members in working on this important topic. in san francisco, we set an aggressive agenda from municipal work in the area of financial empty empowerment. we have one of the finest offices of financial empowerment in the country. we get to work with establish san francisco as a recognized leader in the field. many of you i know are familiar with our bank on san francisco program. seven years ago we launched the bank on program to respond to the need to access to healthy and affordable financial products for our under served residents. today almost a hundred cities and states across the country have created their own bank on program in t

in a few minutes, we will hear remarks from secretary lew, munos,ry duncan, cecilia and richard cordray. before i turn it over, let me make a few points about the work of the council. thet, the mission of council follows from the work of the previous president's advisory council on financial capability. that council submitted a report to the president in which it noted the importance, among other things, of financial education for our youth and of drawing on all resources to advance this agenda. hence the focus on youth with this particular council. second, while the previous council worked on's conceptualizing a path forward, this council has been constituted to discuss and share expenses on the implementation of ideas. the members of this council have been leaders in achieving results in this area. we look forward to hearing from them about how they are working to move the dial on youth financial capability. third, the members of this council come from the public and private sectors. we also have representation from the federal government and local government. work on financial capabi

cfpb under richard cordray is shedding light on paying for college, and he can arne duncan, a relentless support of all things financial lives a. we need to support all of these efforts. on to a humbled be part of this image and -- amazing council some of the older members and the amazing new members. thank you for listening. >> hi. i'm jose cisneros, treasurer of the city and county of san francisco. i'm honored to serve as a vice chair of the council and turn all the other members working on this important topic. in san francisco we set an aggressive agenda for municipal work in the area of financial and politics. i'm proud where one of the finest offices of financial empowerment in the country and that we get to work with many local and national partners over the years to establish san francisco as a recognized leader in the field. many of you i know are familiar with our bank of san francisco program to seven years ago we launched the bank on program to respond to the need for access to healthy and affordable financial products for our underserved residents. and today almost 100 citi

similar things to say i think this is what each of our own distinct advantage point i will -- i'm richard cordray first director of the consumer financial protection bureau which did not exist when the council was first convened during the presidents first term. we're glad to be at be part at this point in time. over the years financial education has become a passion that i pursuit of the local, state and no federal levels. it's a privilege to be invited and to serve on this council. at the consumer bureau we are committed to helping consumers make sound financial choices. we're doing all we can to protect people by ensuring that consumer financial markets work better for them, transparent, reliable and fair. we also recognize the best form of consumer protection is self protection which means helping people avoid problems in the first place and know how to address problems when they do occur. this is proven to be our problem in our society. although it's important for parents to talk to children about money from an early age, many find it difficult or uncomfortable to do so, leaving our young pe

rewards of their success in sochi as they were presented with big bonuses here in moscow and as richard cordray discovered the team's elliptic triumphs are inspiring the country's skaters to hit even greater heights. it's a good time to be a russian winter olympic medalist for those who won gold in sochi a cash prize of one hundred twenty five thousand dollars and a brand new mercedes awaited than the counterparts from america and were given twenty five thousand dollars for a first place finish while swayze cross-country skier dario. was presented with a pig which he named sold she however tatiana also shot a mike sigel trying to cough up the golden jewel of the moments after topping the podium in both the pants and team events and taking home almost a quarter of a million dollars each for as its changes is a very big because when they finish already pygame see always has some of luke's or some. five special events with this so many people because so many praises from our government and for us it was much easier preparing for him to games that have their presence they will be playing to have th

i am richard cordray, director of the consumer protection bureau which did not exist during the president's first term. we are glad to be part of this. over the years, financial education has become a passion i have pursued at the local, state, and federal levels. it is a privilege to serve on this council. at the consumer bureau, we are committed to helping consumers make sound financial choices. we are doing all we can to protect people by ensuring markets work better for them, reliable, and fair. but we also recognize the best form of consumer protection is self protection, which means helping people avoid problems in the first place and know how to address problems when they occur. this has proven to be a hard problem in our society. it is important for parents to talk to their children about money from an early age. many find it difficult or uncomfortable to do so, leaving our young people starved for information. we need to begin by recognizing how rarely families engage in these discussions. this is a fundamental problem for anyone who cares about the direction of this country. young