U.S. President’s Advisory Council on Financial Capability Announces Subcommittee for the Underserved and Community Empowerment

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Operation HOPE Founder John Hope Bryant Appointed Subcommittee Chairman

The newly formed subcommittee will help further President Obama and the nation's broader agenda to reach and empower unbanked, underbanked and underserved families and communities; small business, enterprise and entrepreneurship to also be a main focus.

Financial dignity empowerment nonprofit, Operation HOPE (HOPE) today announced that HOPE Founder, Chairman and CEO John Hope Bryant has been appointed chairman of the recently announced Subcommittee on the Underserved and Community Empowerment for the President’s Advisory Council on Financial Capability (“Council”). The subcommittee reports to the full Council, which is chaired by business leader John Rogers, chairman of Ariel Capital Management. Amy Rosen, CEO of NFTE, serves as Council vice chair.

As part of the President’s mandate to serve and empower the underserved, the subcommittee will maintain a full and robust agenda, led by a local financial literacy council plan of action with cities and states. Bryant’s relationships with nonprofits, district leaders in both public and private sectors will help facilitate the building of community networks.

Since founding Operation HOPE in 1992, Bryant has worked to put financial literacy and empowerment issues on the national agenda. He served as vice chair of the former President's Advisory Council on Financial Literacy and is the author of the business bestseller LOVE LEADERSHIP: The New Way to Lead in a Fear-Based World.

The Council was created by U.S. President Barack Obama in 2010, to assist the American people in understanding financial matters and making informed financial decisions, which ultimately contributes to financial stability. It is composed of non-governmental representatives with relevant backgrounds, such as financial services, consumer protection, financial access, and education.

Headquartered in Los Angeles, Operation HOPE promotes financial dignity through financial literacy and education tools to underserved communities in more than 273 cities worldwide. Through its three divisions and core portfolios, the organization has provided youth and adult financial literacy, economic preparedness, digital empowerment, promoted home ownership, and assisted with foreclosure prevention to more than 2 million individuals, families, and small business owners. Operation HOPE has directed more than $1 billion in economic value in underserved communities since its founding in 1992. In 2012, HOPE will celebrate two decades of making the free market system work for low-income communities in a Silver Rights Movement meant to eradicate poverty and build dignity.

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Sherry T. John