Murph Urges FDIC To Offer Financial Literacy Documents In Polish

Today, U.S. Senator Chris Murphy (D-Conn.) urged the Federal Deposit Insurance Corporation (FDIC) to translate the financial literacy resources under their Money Smart program -- an educational curriculum designed to help low- and moderate-income individuals improve their financial skills -- into Polish. In his letter to Chairman Martin J. Gruenberg of the FDIC, Murphy highlighted the importance of the Money Smart program to Connecticut's residents looking to better navigate the banking system, pursue ownership of homes and small businesses, and attend college, and noted that hundreds of thousands of Polish individuals in Connecticut and across the country would benefit from the program if the documents were translated into Polish. Murphy first learned about the Money Smart program from the Neighborhood Housing Services of New Britain, which serves hundreds of working families in the Greater New Britain community.

"According to the U.S. English Foundation, Connecticut has 38,940 Polish speakers, making it one of largest Polish communities in the United States," Murphy wrote. "As organizations continue to help Connecticut's Polish residents and small business owners navigate the banking system, pursue home ownership, and attend college, the access to tools such as FDIC's Money Smart program is essential. The translation of these materials into Polish would also have an impact on neighboring states like New Jersey, New York, and Massachusetts who also have a large Polish speaking population. Therefore, as you consider the revision of curriculum for the Money Smart program and other FDIC educational materials, I strongly urge you to expand the opportunity to use these materials to thousands of additional Connecticut residents by translating them into Polish."

Source