Carrie Schwab-Pomerantz Named as Appointee to Obama Administration Post

Charles Schwab Foundation President to Join President’s Advisory Council on Financial Capability

Thursday, October 14, 2010 6:00 am PDT

Dateline:

SAN FRANCISCO

Public Company Information:

NYSE:
SCHW

SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Foundation President Carrie Schwab-Pomerantz has been named an appointee to the President’s Advisory Council on Financial Capability, whose charter is to advise President Barack Obama on promoting and enhancing financial literacy and capability among the American people.

The new Council is a part of President Obama’s broader commitment to promote financial capability and protect American consumers. One of the central aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act that President Obama recently signed into law is the creation of the Consumer Financial Protection Bureau (CFPB), the sole mission of which is to protect and empower American consumers with the clear and concise information they need to make the financial decisions that are best for them and their families. The CFPB will house a new Office of Financial Education that will help educate and empower consumers to make better informed financial decisions. The President’s Advisory Council on Financial Capability will play an important role in complementing these efforts.

The Council has been tasked with advising the President on financial education efforts; promoting financial products and services that are beneficial to consumers, especially low- and moderate-income consumers; and promoting understanding of effective use of such products and services.

In addition to Schwab-Pomerantz, the Council will include the following individuals:

  • John W. Rogers, Jr., chairman, CEO, and chief investment officer of Ariel Investments
  • Lorraine Cole, executive management consultant and former CEO of YWCA USA
  • Roland A. Arteaga, president and CEO of the Defense Credit Union Council
  • Theodore Beck, president and CEO of the National Endowment for Financial Education
  • John Hope Bryant, founder, chairman and CEO of Operation HOPE
  • Samuel T. Jackson, founder, chairman, and CEO of the Economic Empowerment Initiative, Inc.
  • Richard Ketchum, chairman and CEO of the Financial Industry Regulatory Authority (FINRA).
  • Beth Kobliner, personal finance commentator and journalist
  • Addison Barry Rand, chief executive officer of AARP
  • Amy Rosen, president and CEO of the Network for Teaching Entrepreneurship
  • Kenneth Wade, chief executive officer of NeighborWorks America

About Carrie Schwab-Pomerantz

Carrie Schwab-Pomerantz, CFP®, is president of Charles Schwab Foundation, a private, nonprofit organization funded by The Charles Schwab Corporation, whose mission is to create positive change through financial education, philanthropy, and volunteerism. Schwab-Pomerantz is also a senior vice president of Schwab Community Services for Charles Schwab & Co., Inc. and writes extensively about personal finance; her work includes the weekly “Ask Carrie” column on schwab.com and schwabmoneywise.com, which is also distributed by Creators News Service, as well as a book on personal finance entitled It Pays to Talk: How to Have the Essential Conversations with Your Family about Money and Investing. In her efforts to advance financial literacy, Schwab-Pomerantz has spearheaded several programs, including “Money Matters: Make It CountSM,” a national financial education program for teens created in collaboration with Boys & Girls Clubs of America. More information is available at www.aboutschwab.com/community. (1010-6645)

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6467538&lang=en

Contact:

Charles Schwab & Co., Inc.
Sarah Bulgatz, 415-667-0328
sarah.bulgatz@schwab.com

Multimedia Files:

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President, Charles Schwab Foundation, and Senior Vice President, Schwab Community Services, Charles Schwab & Co., Inc. (Photo: Business Wire)

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