The Role of AFCs in Advocacy and Public Policy: AFCPE Symposium Recap

 

The primary goal of the AFCPE Government Relations Task Force is to build an engaged community among AFCs, informed and energized to be advocates for public policies that impact their role as financial counselors and the lives of their clients. What better way to close out 2024 than with a panel discussion of experts to raise awareness of key issues and introduce practical tools and examples of effective advocacy. 

Symposium panel: Gary Koenig, Raven Newberry, Lettie NoceraThe 2024 Symposium panel, “The Role of AFCs in Advocacy and Public Policy” featured Gary Koenig, AARP; Lettie Nocera, Bipartisan Policy Center; and Raven Newberry, National Endowment for Financial Education. 

For those who did not have the opportunity to join us in Columbus, OH, here are just a few of the key points discussed: 

  • Storytelling is a powerful tool to strengthen the case for policy change. AFCs are on the frontline of financial wellness and have a valuable perspective to offer. 
  • Advocacy organizations want to hear your client’s stories. One way that AFCs can be effective advocates for the priorities of their clients is by sharing their clients’ experiences with organizations which are active in engaging with policymakers. Collective action is key to effective policy change. 
  • Don’t forget state-level advocacy. This is especially important as we look to the expansion and implementation of state government mandates to include financial education in K-12 curriculums. AFCs are subject matter experts when it comes to financial education. 

The recent US Treasury Department National Strategy for Financial Inclusion is an important policy document that provides a roadmap for public-private sector collaboration to ensure equitable access to financial products and services.  

Focus on policies, not politics. An innovative idea that can increase financial wellness for our clients can come from any corner. 

So what specific issues are our panelists thinking about in the new year? 

  • Financial education in schools. Not just more states having these requirements but supporting states to competently implement existing requirements. 
  • Protection for consumers against fraud. 
  • Funding the Social Security Administration to be able to effectively implement its administrative responsibilities. 
  • Solving the twin savings crises: Insufficient retirement and emergency savings. 

What are the policies that you and your clients care most about? What can you, as an AFC, do in 2025 to support key issues such as consumer protection, access to financial services, wealth building, and financial education? Will you: 

  • Build relationships with policymakers in your community? This can involve meeting with legislators, providing testimony, or participating in public forums. 
  • Lend your expertise to the implementation of new policies? 
  • Build relationships with advocacy groups? 

As we start the new year, my hope is that every AFC will make your voice heard! 

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