Testimony, Comment Letters, Task Forces and Commissions

We are a non-lobbying organization and follow private operating foundation parameters when providing testimony. If you would like us to offer testimony on specific legislation, please reach out to [email protected] for guidance on the appropriate procedures.

Testimony

U.S. Senate Special Committee on Aging

On June 16, 2010, past NEFE President and CEO Ted Beck testified at a hearing before the U.S. Senate Special Committee on Aging titled “The Retirement Challenge: Making Savings Last a Lifetime.” Beck described NEFE’s initiatives and how they provide a holistic model for preparing for, and managing, income in retirement. Click here for the video and information on the hearing.

U.S. House Financial Services Subcommittee on Financial Institutions and Consumer Credit

On June 25, 2009, NEFE Senior Director Brent Neiser delivered testimony before the U.S. House Financial Services Subcommittee hearing on “Improving Consumer Financial Literacy under the New Regulatory System.” On June 26, 2008, Neiser also testified at a hearing of the U.S. House of Representatives Subcommittee on Financial Institutions and Consumer Credit on “Problem Credit Card Practices Affecting Students.”

U.S. House of Representatives Subcommittee on Financial Institutions and Consumer Credit

On September 28, 2006, past NEFE President and CEO Ted Beck spoke before a U.S. House of Representatives Subcommittee on “Improving Financial Literacy: Working Together to Develop Private Sector Coordination and Solutions.”

Comment Letters

Consumer Financial Protection Bureau (CFPB):

On July 9, 2018, NEFE responded to a request for information regarding consumer financial education programs.
On October 31, 2012, NEFE responded to a request for information on effective financial education.
On August 20, 2012, NEFE responded to a request for information on senior financial exploitation.

Colorado State Government Department of Law

On July 10, 2017, NEFE responded to a request for information on a statewide financial literacy initiative for youth and senior financial education and consumer protection.

Securities and Exchange Commission

On June 21, 2011, NEFE responded to a request for comment on the effectiveness of existing private and public efforts to educate investors.

U.S. Department of the Treasury

On May 11, 2016, NEFE responded to a request for the Financial Literacy and Education Commission (FLEC) on the draft national strategy update “Promoting Financial Success: National Strategy for Financial Literacy Update.” [need to link to attachment]
On November 11, 2011, NEFE responded to a request for information on financial access activities.

U.S. Department of Labor’s Advisory Council on Employee Welfare and Pension Benefit Plans

On August 18, 2015, NEFE responded to the U.S. Department of Labor’s Advisory Council on Employee Welfare and Pension Benefit Plans (ERISA) request for information on Helping Participants Make Informed Decisions in Risk Transfer Transactions. View the response here.

Task Forces and Commissions

Consumer Financial Protection Bureau (CFPB) Consumer Advisory Board

NEFE Senior Director Brent Neiser appointed as CFPB advisory board member in 2017 and 2018. Click here for more on the CFPB Advisory Board.

President’s Advisory Council on Financial Capability (President Obama)

Past NEFE President and CEO Ted Beck appointed as Council member and chair of research and evaluation subcommittee. The 15-member bipartisan Council presented its final report of recommendations to President Obama on February 19, 2013. Click here for more on the Council.

President’s Advisory Council on Financial Literacy (President Bush)

Past NEFE President and CEO Ted Beck appointed as Council member and chair of outreach committee. In 2008, the Council issued its report to the president.