Washington, DC, April 24, 2008- Theodore Daniels, President and CEO of the Society for Financial Education and Professional Development participated in a panel discussion at Kappa Alpha Psi’s Sixth Annual “Kappas on Capitol Hill” Legislative Conference. The title of the panel discussion was “Not in My Wallet: Getting the Facts on Financial Literacy and Consumer Debt Education.” The conference was developed in coordination with the office of U.S. Representative Eddie Bernice Johnson.
With the theme, “Creating Inspiration: A Call to Service,” the conference addressed the modern day challenges that plague vast segments of the African-American community, such as inequities in quality of education, limited access to capital for small and minority businesses, predatory and subprime lending, and wide disparities within the criminal justice system.
Mr. Daniels spoke on the Federal government’s policy regarding the provision of financial literacy for all Americans and provided suggestions as to how the fraternity’s membership may serve as a catalyst within their communities to help build public awareness of available financial literacy resources. He also provided information about President Bush’s Advisory Council on Financial Literacy and encouraged members to submit comments in response to the Federal Register published on March 19, 2008, which identifies the areas that the Council will address.
Other panelists included, Ms. Lisa Ransom – Vice President, Federal Affairs Center for Responsible Lending, Ms. Susan Keating – President & CEO, National Foundation for Credit Counseling and Ms. Patience Singleton – Majority Counsel, House of Representatives Financial Services Committee.
The President of the fraternity, Mr. Dwayne M. Murray, Esq., challenged the participants at the conference to equip themselves with additional knowledge and tools to become better servant leaders for their families, communities, and Kappa Alpha Psi.
About Kappa Alpha Psi Fraternity, Inc.
Kappa Alpha Psi was founded on the campus of Indiana University on January 5, 1911. The Fraternity’s fundamental purpose is achievement. Early in this century, African-American students were actively dissuaded from attending college. Formidable obstacles were erected to prevent the few who were enrolled from assimilating into co-curricular campus life at Indiana University in 1911, thus causing Elder W. Diggs, Byron K. Armstrong, and eight other black students to form Kappa Alpha Psi Fraternity, which remains the only Greek letter organization with its 1st Chapter on the University’s campus. The founders sought a formula that would immediately raise the sights of black collegians and stimulate them to accomplishments higher than they might have imagined. Fashioning achievement as it’s purpose, Kappa Alpha Psi began uniting college men of culture, patriotism and honor in a bond of fraternity.
About the Society for Financial Education and Professional Development
The mission of the Society for Financial Education and Professional Development (SFEPD) is to enhance the level of financial and economic literacy of individuals and households in the United States and promote professional development at the early stages of career development through mid-level management. SFEPD has created and presented a series of financial education seminars to expose students of historically black colleges and universities to the fundamentals, strategies and intricacies of personal financial management-critical information and insight that they may not get elsewhere…or may learn too late. The organization has developed and presented financial education for non-profit, profit and governmental organizations. For more information about SFEPD and its financial education programs, visit www.sfepd.org.