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Governor’s Council on Financial Literacy
learns about Wisconsin Promise Initiative

MADISON – Ellie Hartman, right, of the Wisconsin Department of Workforce Development was a featured presenter at the October 9 meeting of the Governor’s Council on Financial Literacy. Hartman spoke about the Wisconsin Promise Initiative, a program that is intended to improve services for youth recipients of Supplemental Security Income (SSI) and their families. The goal of Wisconsin Promise is to help the youth participants and their families meet their school and work goals in order to better their income and financial stability, reducing poverty.

Wisconsin Promise is one of six such programs under way in the United States. State agencies involved in the program are DWD, the Department of Health Services, the Department of Children and Families, and the Department of Public Instruction.

Pictured above with Hartman are, left to right: Ted Nickel, Commissioner of the Office of the Commissioner of Insurance and Co-Vice Chair of the Governor’s Council; Peter Bildsten, Secretary of the Department of Financial Institutions and Co-Vice Chair of the Governor’s Council; and David Mancl, Executive Director of the Governor’s Council.

Nominations open through Nov. 21
for 2014 Wisconsin Financial Literacy Award

MADISON – MADISON – Nominations for the 2014 Wisconsin Financial Literacy Award will be accepted through Nov. 21, the Governor’s Council on Financial Literacy announced this week. Nominations may be made in one of three categories:

  • Individual – Any person providing exception financial literacy education in an innovative manner.
  • Organization/business – Any organization or business promoting financial literacy in an innovative manner through its initiatives.
  • Legacy – An organization, business or individuals whose purpose and heritage is ingrained in sustained financial literacy and capability, and whose reputation in doing so is held in high regard in serving as a model for others in carrying on the work of supporting financial literacy and expanding opportunities through financial capability. This lifetime recognition is intended to be conferred once to the recipients.

The full press release may be found at www.wdfi.org/Newsroom/Press.

DFI meets with federal official
to discuss financial literacy initiatives

MADISON – Secretary Peter Bildsten, center, and David Mancl, left, from DFI’s Office of Financial Literacy met on Oct. 8 with Janneke Ratcliffe, head of the Office of Financial Education for the federal Consumer Financial Protection Bureau (CFPB). Ratcliffe was appointed to her position two weeks ago and met with DFI to discuss financial literacy initiatives at the state and national levels.

DFI hosts Federal Reserve of Chicago
at listening session for state bankers

MADISON – The Department of Financial Institutions joined representatives from the Federal Reserve Bank of Chicago at a listening session for Wisconsin bank executives on October 8. DFI Secretary Peter Bildsten, second from left, was among those participating. More than 20 Wisconsin bankers shared their views about safety and soundness matters and consumer compliance issues.

New business entity filings
tracking 5.6% ahead of prior year

MADISON – The number of new business entities formed in Wisconsin in the first nine months of 2014 grew by 5.6% compared to the prior year, according to data compiled by the Department of Financial Institutions (DFI). New business filings totaled 30,046, compared to 28,454 in the same period in 2013.

The business formation data is compiled by DFI, which is the filing office for the creation of business entities in the state. DFI tracks new business entity creation on a monthly basis and posts the data on its website. The full report may be found at www.wdfi.org/corporations/HistoricalStatistics.htm.