The Texas State Library and Archives Commission added over 100 personal finance e-books to its E-Read Texas Unlimited collection following receipt of a grant from the FINRA Investor Education Foundation.
The additional resources will help ensure that Texas residents have the information they need when making critical money decisions as they repair, rebuild, and clean up following severe storms over the winter. Filing claims, accessing government resources, managing lump-sum payments from insurance companies, and meeting immediate expenses when income might be disrupted are just a few of the money challenges that residents in disaster areas must navigate.
This expanded personal finance e-book collection is made possible by a $20,000 grant from the FINRA Foundation. The E-Read Texas program, launched in 2019, provides an easy-to-use platform to access e-books provided by TSLAC alongside materials purchased by local libraries. The e-books purchased with the FINRA grant are available to all Texans and can be accessed at https://www.tsl.texas.gov/personalfinance. The website is geofenced so that any user located in Texas can access these materials with no login or password required. These resources are provided without simultaneous user restrictions, so individuals can access the e-books immediately with no holds or waitlists.
About the FINRA Foundation
For nearly 15 years, the FINRA Foundation has provided funding, staff training, and programs to build the capacity of public libraries to address the financial education needs of people nationwide. Much of this has been accomplished in partnership with the American Library Association through a program known as Smart investing@your library®.
Of particular concern following major disasters is the threat of financial fraud. FINRA Foundation research estimates consumer financial fraud costs Americans more than $50 billion a year. Since its establishment in 2005, the National Center for Disaster Fraud, which is part of the U.S. Department of Justice, has logged more than 100,000 disaster-related complaints from all 50 states. Financial fraud magnifies the challenges and costs for people recovering from the trauma inflicted by disasters. The FINRA Foundation has issued an alert with guidance to help residents protect themselves from fraudulent schemes (www.saveandinvest.org/disaster-fraud-Texas).
The FINRA Foundation supports innovative research and educational projects that give Americans the knowledge, skills, and tools to make sound financial decisions throughout life. For more information about FINRA Foundation initiatives, visit finrafoundation.org.