In celebration of April as Financial Literacy Month, I am pleased to announce that the District of Columbia Department of Insurance, Securities and Banking (DISB) is offering free educational resources and services for District residents and small business owners.

In keeping with Mayor Bowser’s vision for inclusive prosperity and financial empowerment, DISB wants to be sure District residents have the right tools and resources they need to thrive during these challenging times. Please take advantage of our programs:

The Financial Navigators Program connects District residents with trained Navigators by phone who help individuals and families access programs and services to manage income disruptions and other financial concerns.

Financially Fit DC helps residents identify short-term needs, make a budget and set plans to reach long-term goals through a personalized roadmap.

Our Student Loan Ombudsman helps families and prospective students identify alternate resources of funding, minimize and manage student loan debt and resolve complaints.

The Earned Income Tax Credit (EITC) is a special tax break tailored for low- and moderate-income workers. The Department supports the District’s EITC campaign through a contract with Capital Area Asset Builders. Free tax preparation services for the 2020 tax season are also available on a modified schedule.

DC BizCAP facilitates access to capital for District entrepreneurs and small businesses and helps create sustainable economic development.

The Bank on DC Program provides access to financial services, products and financial education and partners with banks and credit unions to offer qualified individuals bank accounts that have low minimum balance requirements and no or low-cost monthly fees.

The Foreclosure Prevention and Mediation Program provides resources to help District residents avoid foreclosure, including foreclosure mediation, housing counseling and legal aid for homeowners.

I encourage you to learn more about our free programs and Financial Literacy Month events at disb.dc.gov/flm or call us at 202-727-8000.

WI Guest Author

This correspondent is a guest contributor to The Washington Informer.

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