Consumer affairs: financial education.

Existing law creates the Department of Consumer Affairs and establishes the duties of its director, which include the duty to propose and assist in the creation and development of consumer education programs. Existing federal law establishes the Financial Literacy and Education Commission and this commission has promulgated the National Strategy for Financial Literacy. This bill would include in the duties of the Director of Consumer Affairs proposing and assisting in the creation of programs for improving financial literacy. The bill would specifically require that the director participate with the Financial Literacy and Education Commission to implement in California the National Strategy for Financial Literacy, using existing resources. The bill would also make legislative findings and declarations and would state the intent of the Legislature that the State Board of Education, county offices of education, and school districts find ways, within existing resources, to incorporate financial education and literacy into their curriculum offerings and to work with the Director of Consumer Affairs in this regard.