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Secretary Roberts addresses Mortgage Bankers

Department of Financial Institutions Secretary Lon Roberts was the keynote speaker at the June 16 meeting of the Wisconsin Mortgage Bankers Association (WMBA) meeting in Waukesha. He also presided over the installation of new officers and directors for the organization. New officers and directors for the organization are: President, Michael Kellman, North Shore Bank; President-Elect, Joe Doyle, United Guaranty; Secretary, Leo Spanuello, GSF Mortgage; Treasurer, Jan Brezina, National Mortgage Insurance; and Directors, Margaret Haagensen, Waterstone Bank, Randy Reese, Pyramax Bank, Ron Stafslien, McFarland State Bank, John Walrath, Thompson, Kane and Company, and Peter Wilder, Godfrey & Kahn S.C.

Secretary Roberts' participation in the meeting was part of DFI's ongoing outreach efforts to stakeholder groups.

State agency encourages people
to watch for signs of elder financial abuse

MADISON - In recognition of World Elder Abuse Awareness Day on June 15, the Wisconsin Department of Financial Institutions (DFI) spotlights the importance of safeguarding Wisconsin's senior population by keeping a watchful eye for signs of elder financial exploitation and promptly reporting possible abuse to appropriate officials.

"Many of our older citizens are vulnerable due to social isolation and distance from family, caregivers, and other support networks," said Leslie Van Buskirk, Administrator of DFI's Division of Securities. "The days of aging in communities surrounded by generations of family members are fading into the past. We need as many eyes and ears as possible listening and watching for signs of suspected financial exploitation of our elderly citizens."

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

DFI Secretary co-chairs meeting
of Governor's Council on Financial Literacy

Department of Financial Institutions (DFI) Secretary Lon Roberts, second from right, co-chaired a meeting of the Governor's Council on Financial Literacy on June 2. The meeting was held at Great Lakes Higher Educational Corporation & Affiliates. Pictured, left to right, are: William Wilcox, Chair of the Governor's Council; Council Member Amy Kerwin of Great Lakes; Council Co-Chair Roberts; and Ted Nickel, Commissioner of the Office of the Commissioner of Insurance and Council Co-Chair. Kerwin and Cheryl Weiss, DFI's Student Debt Specialist, led a discussion of student debt. Governor Walker in March announced the creation of the debt specialist position to serve as an outreach coordinator to inform current and future student loan borrowers about potential debt management, investment, and educational options.

Administrators named for DFI's Divisions of Banking, Securities

MADISON - Administrators for the Divisions of Banking and Securities have been named at the Department of Financial Institutions, Secretary Lon E. Roberts has announced. Cheryll Olson-Collins has been appointed Administrator of the Division of Banking, while Leslie Van Buskirk has been appointed to the top position in the Division of Securities.

"Leslie and Cheryll both are well respected and possess a wealth of knowledge about their industries," Roberts said. "I am confident they will do a great job of leading their respective divisions to help keep Wisconsin's financial institutions safe and sound and protect consumers of financial products.

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

Monroe High School prevails in state Finance and Investment Challenge Bowl

Monroe High School defeated Sauk Prairie High School, 170-165, to win the Finance and Investment Challenge Bowl State Championship in Milwaukee on April 27, 2016. The outcome of the contest came down to the final question. It was the first appearance in the state title match for either school. Teams from DePere and Rhinelander rounded out the final four.

The Finance and Investment Challenge Bowl is a financial literacy program for high school students, teaching a wide range of financial literacy topics that align with Wisconsin's Model Academic Standards for Personal Finance as well as the Jumpstart National Standards. The FICB culminates in a live, college-bowl tournament where teams compete to determine regional champions. This year more than 600 students competed in seven regional meets held across the state. The Wisconsin Department of Financial Institutions (DFI) is a sponsor of FICB. More information can be found at http://www.ficbonline.org/.

Pictured above, left to right, are: David Mancl, Executive Director of DFI's Office of Financial Literacy; Richard Entenmann, President of Asset Builders of America; and members of Monroe team: Silas Setterstrom; Sam Nicholson; Jack Sabatke; Bishop Yoder; teacher Sherri Hendrickson; and Dominick Curtiss.