During remarks delivered at the Federal Reserve Bank of Chicago this week, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray announced a new pilot project – called the Community Financial Education Project – that will turn libraries across the country into "neighborhood centers of financial education." Director Cordray pointed to a study that found that "one-quarter of all computer users at public libraries log on either for commercial needs or to manage their financial affairs," making the choice of libraries as the bureau's financial knowledge centers an appropriate fit. The new project is a partnership involving the CFPB, the Institute of Museum and Library Services, the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Bank of Chicago and the U.S. Department of Agriculture's (USDA) Cooperative Extension System, as well as the Financial Industry Regulatory Authority (FINRA) Investor Education Foundation, the American Library Association (ALA) and local public libraries across the country. For more, read the full remarks.