The Web site and hotline were created to help the public gain easier access to information that can help them better understand their money - how to save it, invest it and manage it wisely to meet personal goals. Iannicola continued, With the new mymoney Web site and hotline people all across America can get easy access to the information they need to make smarter financial decisions. Up until today, though, it has been a hidden treasure. The federal government offers the public a treasure of financial education materials free of charge. Treasury's Deputy Assistant Secretary for Financial Education Dan Iannicola also remarked on the importance of this new service. The mymoney Web site and toll-free hotline are a result of twenty federal agencies' partnership and their commitment to a common goal of improving financial education across the country. Each agency involved lent its time, insight and expertise to the hotline and Web site subcommittees and helped bring about this new personal finance resource, said Abernathy. I applaud the Commission's coordination efforts. Treasury's Assistant Secretary for Financial Institutions Wayne Abernathy praised the coordination efforts of the Financial Literacy and Education Commission's Web site and hotline subcommittees. Several government officials gathered including: Chairman JoAnn Johnson, National Credit Union Administration Acting Chairman Sharon Brown-Hruska, Commodity Futures Trading Commission Assistant Secretary Wayne Abernathy, Department of the Treasury Deputy Assistant Secretary Dan Iannicola, Jr., Department of the Treasury and Director Donna Gambrell, Federal Deposit Insurance Corporation. The launch of the new service was announced today at the National Credit Union Administration's headquarters in Alexandria, Virginia. The my. Web site and the toll-free 1-888-mymoney hotline were launched today by several representatives of a federal government commission, the Financial Literacy and Education Commission, which was created to improve financial education in America. The mymoney service is going to help millions of people across America improve their lives through a better understanding of their own finances. Gaining a better understanding of your money, and how to manage it, is critical to raising your quality of life. The launch of is an outstanding contribution to the public and private efforts to improve financial literacy in America, said Snow. Secretary Snow commended the efforts of numerous federal government agencies in launching the new, free service, which provides the American public with easy access to important information on a wide-range of personal finance topics. Treasury Secretary John Snow today announced the launch of the new national financial federal education Web site,, and toll-free hotline, 1-888-mymoney, during the his visit to Ohio.
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