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FINANCIAL LITERACY AND EDUCATION COMMISSION

Public Meeting

May 24, 2017

SPEAKER BIOGRAPHIES

Steven T. Mnuchin

U.S. Secretary of the Treasurer

As Secretary of the Treasury, Mr. Mnuchin is responsible for the executive branch agency whose 

mission is to maintain a strong economy, foster economic growth, and create job opportunities by 

promoting the conditions that enable prosperity and stability at home and abroad. He is also responsible 

for strengthening national security by combating economic threats and protecting the integrity of our 

financial system as well as managing the U.S. Government's finances.

Prior to his confirmation, Secretary Mnuchin was Finance Chairman for Donald J. Trump for President. 

In this role he spent the last year traveling with the President. He met with hundreds of business leaders. 

He also served as a Senior Economic Advisor to the President in crafting his economic positions and 

economic speeches.

Prior to his confirmation he also served as Founder, Chairman, and Chief Executive Officer of Dune 

Capital Management. He also founded OneWest Bank Group LLC and served as its Chairman and Chief 

Executive Officer until its sale to CIT Group Inc. was the first bank merger over 50 Billion dollars post 

financial crisis.

Earlier in his career, Secretary Mnuchin worked at The Goldman Sachs Group, Inc. where he was a 

Partner and served as Chief Information Officer. He has extensive experience in global financial 

markets and oversaw trading in US government securities, mortgages, money markets, and municipal 

bonds.

Secretary Mnuchin is committed to philanthropic activities and previously served as a Member of the 

Boards of the Museum of Contemporary Art Los Angeles (MOCA), the Whitney Museum of Art, the 

Hirshhorn Museum and Sculpture Garden on the Mall, the UCLA Health System Board, the New York 

Presbyterian Hospital Board, and the Los Angeles Police Foundation. He was born and raised in New 

York City. Secretary Mnuchin holds a Bachelor's Degree from Yale University.
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Richard Cordray

Director of the Consumer Financial Protection Bureau

Richard Cordray serves as the first Director of the Consumer Financial Protection Bureau. He previously 

led the Bureau’s Enforcement Division.

Prior to joining the Bureau, Mr. Cordray served on the front lines of consumer protection as Ohio’s 

Attorney General. Mr. Cordray recovered more than $2 billion for Ohio’s retirees, investors, and 

business owners and took major steps to help protect its consumers from fraudulent foreclosures and 

financial predators. In 2010, his office responded to a record number of consumer complaints, but Mr. 

Cordray went further and opened that process for the first time to small businesses and non-profit 

organizations to ensure protections for even more Ohioans. To recognize his work on behalf of 

consumers as Attorney General, the Better Business Bureau presented Mr. Cordray with an award for 

promoting an ethical marketplace.

Mr. Cordray also served as Ohio Treasurer and Franklin County Treasurer, two elected positions in 

which he led state and county banking, investment, debt, and financing activities. As Ohio Treasurer, he 

resurrected a defunct economic development program that provides low-interest loan assistance to small 

businesses to create jobs, re-launched the original concept as GrowNOW, and pumped hundreds of 

millions of dollars into access for credit to small businesses. Mr. Cordray simultaneously created a 

Bankers Advisory Council to share ideas about the program with community bankers across Ohio.

Earlier in his career, Mr. Cordray was an adjunct professor at the Ohio State University College of Law, 

served as a State Representative for the 33rd Ohio House District, was the first Solicitor General in 

Ohio’s history, and was a sole practitioner and Of Counsel to Kirkland & Ellis. Mr. Cordray has argued 

seven cases before the United States Supreme Court, including by special appointment of both the 

Clinton and Bush Justice Departments. He is a graduate of Michigan State University, Oxford 

University, and the University of Chicago Law School. Mr. Cordray was Editor-in-Chief of the 

University of Chicago Law Review and later clerked for U.S. Supreme Court Justices Byron White and 

Anthony Kennedy.

Mr. Cordray lives in Grove City, Ohio with his wife Peggy – a Professor at Capital University Law 

School in Columbus – and twin children Danny and Holly.

Peggy G. Carr

Acting Commissioner of the National Center for Education Statistics in the Institute of Education 

Sciences, U.S. Department of Education

. As Acting Commissioner, Dr. Carr oversees NCES's fulfillment of its Congressional mandate to

"...collect, collate, analyze, and report complete statistics on the condition of American education; 

conduct and publish reports; and review and report on education activities internationally."

During her appointment as Acting Commissioner, Dr. Carr continues to serve as the Associate 

Commissioner of Assessment for the National Center for Education Statistics (NCES), a role she has 

held for 16 years. She is responsible for the Department's national and international large-scale 

assessments. She oversees the administration of:

 the National Assessment of Educational Progress (NAEP), 
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 the National Assessment of Adult Literacy (NAAL), 

as well as the International Activities Programs, which include:

 The Program for the International Assessment of Adult Competencies (PIAAC), 

 Trends in International Mathematics and Science Study (TIMSS), 

 Progress in International Reading Literacy Study (PIRLS), 

 Progress in International Student Assessment (PISA), and the 

 Teaching and Learning International Survey (TALIS). 

The National Assessment of Educational Progress (NAEP) is the largest and most complex of the 

Department's large-scale assessments and has been congressionally mandated since 1969. It is 

America's only ongoing monitor of students' academic progress of its kind.

Dr. Carr first joined NCES in 1993 as Director of Analysis and Reporting in the Assessment Division.

She has been a Senior Executive Service (SES) official for the Department of Education since 2001, and 

was awarded the Meritorious Executive Rank Award for sustained superior accomplishments in 

management of programs in 2008 by President George Bush.

Before coming to NCES, Dr. Carr served as the Chief Statistician for Office for Civil Rights in the U.S. 

Department of Education where she engaged in the application of statistics and survey methods to the 

field of discrimination, conducted legislative compliance reviews, and responded to complaints. Before 

joining the Department of Education, Dr. Carr served for nearly a decade in Howard University's 

Statistical and Research Computer Laboratory as the Research Methodologist. There, she managed a 

team of statistical computing consultants who provided guidance in the use and application of statistical 

analyses to all of the University's schools and colleges. In addition, Dr. Carr spent more than 15 years 

as adjunct faculty in the Graduate School of Arts and Sciences at Howard University where she taught 

doctoral level courses in statistical computing, quantitative and qualitative research methods. She has 

served on numerous doctoral dissertation committees and has published in the areas of child psychology, 

social psychology, experimental psychology, bio-statistics, student achievement, and assessment 

methodology. 

Dr. Carr received her B.S. in Psychology with a concentration in statistics in 1976 from North Carolina 

Central University in Durham, North Carolina. She earned her M.S. and Ph.D. in developmental

psychology from Howard University in 1978 and 1982, respectively.

Jeff Larrimore

Senior Economist at the Federal Reserve Board in the Division of Consumer and Community Affairs

At the Federal Reserve, Jeff works as the lead economist on the Survey of Household Economics and 

Decision-making, which explores the financial circumstances of U.S. families, with an emphasis on low 

and middle income individuals. In addition to this survey, his primary research focuses on issues of 

income inequality and mobility, the financial well-being of low income families, and the implications of 

taxes and public transfers on the distribution of economic resources.
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Prior to joining the Federal Reserve, Jeff worked as an economist for the Joint Committee on 

Taxation. He received his PhD in Economics from Cornell University and his BA in economics and 

political science from Davidson College.

David Lebryk

Fiscal Assistant Secretary, U.S. Department of the Treasury

David A. Lebryk was appointed by Secretary Lew to serve as the U.S. Department of the Treasury’s 

Fiscal Assistant Secretary. As the Fiscal Assistant Secretary, Mr. Lebryk is responsible for developing 

policy and overseeing the operations of the financial infrastructure of the federal government in the 

areas of payments, collections, debt financing, accounting, delinquent debt collection, and shared 

services.

As the Fiscal Assistant Secretary, Mr. Lebryk is responsible for developing policy and overseeing the 

operations of the financial infrastructure of the federal government in the areas of payments, collections, 

debt financing, accounting, delinquent debt collection, and shared services. 

Mr. Lebryk has had a distinguished career at Treasury. In 2012, Mr. Lebryk served as the first 

Commissioner of the Bureau of the Fiscal Service, which was established with the consolidation of the 

Bureau of the Public Debt (BPD) and the Financial Management Service (FMS). Prior to that, Mr. 

Lebryk was the FMS Commissioner, having served as Deputy Commissioner for one and a half 

years. At the U.S. Mint, Mr. Lebryk served as the Deputy Director from October 2002 to December 

2007, and Acting Director from August 2005 through September 2006. Prior to his service at the Mint, 

he held the position of Treasury’s Deputy Assistant Secretary for Fiscal Operations and Policy. He also 

served as Acting Deputy Assistant Secretary for Human Resources for the Treasury Department and as 

an Advisor to the Deputy Secretary of the Treasury and to three Undersecretaries for Domestic 

Finance. Mr. Lebryk joined the Treasury Department in 1989 as a Presidential Management Intern in 

the Office of the Assistant Secretary for Policy Management and Counselor to the Secretary. He 

received Presidential Rank Awards in 2005 and 2010 for his sustained record of extraordinary leadership 

and achievement.

Mr. Lebryk graduated with an A.B. in Economics from Harvard University and a Master’s in Public 

Administration from Harvard University’s John F. Kennedy School of Government.

David D. Mancl

Director, Office of Financial Literacy, Wisconsin Department of Financial Institutions

In this position he takes a leadership role on all issues of financial literacy and capability, and supervises 

the department’s related programs and initiatives. The office was named one of the National Top 50 

Innovations in Government by Harvard Kennedy School.

Mancl serves as Executive Director of the Governor’s Council on Financial Literacy, and is President of 

the Wisconsin Jump$tart Coalition on Personal Financial Education for Youth which was nationally 

recognized as the first-ever State Coalition of the Year.
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Mancl is a member of the Board of Visitors for the School of Human Ecology at the University of 

Wisconsin-Madison, and initiated the State Superintendent’s Task Force for Model Academic Standards 

for Personal Financial Literacy. Mancl co-founded the National Institute on Financial and Economic 

Literacy a nationally recognized teacher training best practice. President George W. Bush appointed Mr. 

Mancl to serve on the President’s Advisory Council on Financial Literacy from January 2008 to 2010. 

Prior to joining the Department of Financial Institutions Mr. Mancl served as chief of staff to the 

Speaker of the Wisconsin State Assembly. 

Mancl earned his MBA from University of Wisconsin-Madison, School of Business. He earned his 

undergraduate degree in business administration from St. Norbert College. 

Dave resides near Madison, Wisconsin with his wife, Anne, and three children (Mary Claire, Caroline 

and Patrick).

Jane Patterson

Attorney-Advisor, Securities and Exchange Commission

At the SEC, Jane identifies, analyzes, and monitors legislation that could affect the Commission, its 

regulated entities, and its employees. Her legislative updates are distributed to over 100 employees 

throughout the SEC. She also identifies and reports to Commission senior staff on all presidential 

executive orders and memoranda that could affect the SEC. She is currently detailed to the U.S. 

Department of the Treasury’s Office of Consumer Policy where she is working on investor education 

and financial literacy issues. She is currently on a detail assignment with the Financial Agencies 

Rotation Program and is working with the U.S. Department of the Treasury’s Office of Consumer Policy 

on investor education and financial literacy issues.

Jane earned her B.A. from the University of Mississippi, and her J.D. from the University of Pittsburgh, School of 

Law.

Brian J. Peretti, Esq.

Director, Office of Critical Infrastructure Protection and Compliance Policy

Mr. Peretti is a career member of the Senior Executive Service and serves as the Director of the Office 

of Critical Infrastructure Protection and Compliance Policy at the United States Department of the 

Treasury located in Washington, D.C. As of January 20, 2017, Mr. Peretti was named the Senior Career 

Official for the Office of the Assistant Secretary for Financial Institutions. In this position, he executes 

the authorities and responsibilities of the office, with limited exceptions as legally prohibited from 

delegation. 
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At the Treasury, Mr. Peretti brings his extensive experience, vision, and dynamic leadership to the 

planning, evaluating and implementation of information security, information assurance, and physical 

resilience policies related to operational risk management for the financial services sector’s critical 

infrastructure protection. Leading the efforts of the Financial and Banking Information Infrastructure 

Committee (FBIIC), an interagency organization chartered under the President's Working Group for 

Financial Markets composed of 18 federal and state financial regulatory agencies, he has advanced its 

mission to secure and enhance the sector’s operational resilience by enhancing and increasing 

information sharing, developing best practices, and improving response and recovery efforts among 

public and private entities. 

Mr. Peretti is accountable for executing the responsibilities assigned to the Treasury as the Sector 

Specific Agency for the Financial Services Sector by Presidential Policy Directive 21, Critical 

Infrastructure Security and Resilience, and Executive Order 13636, Improving Critical Infrastructure 

Cybersecurity. He leads the coordination of these efforts with the Intelligence Community and the 

Departments of Homeland Security, Defense, Energy, Justice and Transportation. 

He represents the Treasury on interagency groups including the Cyber Interagency Planning Committee, 

the National Cyber Response Coordination Group, the Cyber Unified Coordination Group, and the 

Federal Reserve’s Secure Payments Task Force. He directs the Treasury’s effort to implement a 

Research and Development agenda, in coordination with the financial services sector, to address security 

and resilience issues created by the use of technology in the sector. Formerly, he served as the 

emergency coordinator for the Treasury’s Domestic Finance office where he addressed priorities for 

business continuity and disaster recovery. 

He has lectured extensively and authored six books on topics related to financial institutions including 

co-authoring with Barkley Clark and Mark Hargrave Compliance Guide to Payment Systems: Law and 

Regulations.

Prior to joining the Treasury, Mr. Peretti was an associate in Shook, Hardy & Bacon’s Corporate 

Banking and Finance Section in Washington, D.C. and was General Counsel for the Wright Patman 

Congressional Federal Credit Union, which serves the U.S. House of Representatives and associated 

groups.

Mr. Peretti received his B.A. from Rider University (cum laude) in 1989 and his J.D. from American 

University, Washington College of Law (cum laude) in 1992. He lives in Arlington, VA with his wife, 

Kimberly Peretti, and their two children.

Janneke Ratcliffe

Assistant Director for Financial Education in the Consumer Financial Protection Bureau. 

Prior to joining the Bureau in September of 2014, Ms. Ratcliffe served as Executive Director at the 

Center for Community Capital, at the University of North Carolina at Chapel Hill. In this role, Ms. 

Ratcliffe led a group of researchers in providing research and analysis on ways to make financial 

services work better for more people and promote greater prosperity overall. Before serving at UNC, 

Ms. Ratcliffe spent seven years working at Self-Help Ventures Fund, one of the leading community 
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development institutions in the United States, and prior to that, ten years at GE Capital in mortgage and 

mortgage insurance. Ms. Ratcliffe graduated from the University of North Carolina at Chapel Hill with a 

B.S. in economics and French.

Andreas Schleicher

Director for Education and Skills, and Special Advisor on Education Policy to the Secretary-General at 

the Organisation for Economic Co-operation and Development (OECD). 

As a key member of the OECD’s Senior Management team, he supports the Secretary-General’s 

strategy to produce analysis and policy advice that advances economic growth and social progress. In 

addition to policy and country reviews, he oversees the Programme for International Student Assessment 

(PISA), the OECD Survey of Adult Skills (PIAAC), the OECD Skills Strategy, the OECD Teaching and 

Learning International Survey (TALIS), and the development and analysis of benchmarks on the 

performance of education systems (INES). 

Before joining the OECD, Mr. Schleicher was Director for Analysis at the International Association for 

Educational Achievement (IEA). He studied Physics in Germany and received a degree in Mathematics 

and Statistics in Australia. He is the recipient of numerous honours and awards, including the “Theodor 

Heuss” prize, awarded in the name of the first president of the Federal Republic of Germany for 

“exemplary democratic engagement”. He holds an honorary Professorship at the University of 

Heidelberg.

Barbara Smith

Senior Economist, Social Security Administration

Ms. Smith is a Senior Economist in the Social Security Administration’s Office of Retirement Policy, 

where her research interests focus on the intersection of Social Security and financial education. Prior to 

joining the Social Security Administration, she was a Senior Supervisory Policy Analyst in the 

Consumer and Community Affairs Division of the Board of Governors of the Federal Reserve System. 

Before working at the Federal Reserve Board, she established and directed the Financial Education 

Project at the Organisation for Economic Cooperation and Development in Paris, France. Under her 

supervision, the Project produced the first major international study of financial education programs. 

She has also worked as a Senior Economist at the U.S. Government Accountability Office in 

Washington, DC, where she was responsible for leading projects on Social Security and pension issues. 

Ms. Smith has taught economics at Old Dominion University in Norfolk, Virginia, and worked as a 

research associate at Mathematica Policy Research and as a junior economist at the Council of 

Economic Advisers. She received her Ph.D. from the University of Michigan.
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Carly Urban, PhD

Assistant Professor of Economics in the Department of Agricultural Economics and Economics at 

Montana State University

She holds a Ph.D. in Economics from the University of Wisconsin-Madison and a B.A. in Economics 

and International Affairs from the George Washington University. Her research focuses on public 

policies affecting consumer financial decision making. T he FINRA Investor Education Foundation has 

funded her research on high school personal finance education mandates and credit outcomes. In this 

research, she documents the effectiveness of different types of personal finance and economics 

requirements in high school across states over time. Her research has been published in top peerreviewed academic journals and in mass media outlets, such as the Wall Street Journal, NPR, and TIME. 

Urban is an affiliate of the Center for Financial Security at the University of Wisconsin-Madison, and 

has been a Visiting Scholar at the Federal Reserve Board.

Urban is also currently serving part-time as a visiting researcher under the CFPB’s IPA program. 

Richard Woods

State School Superintendent for Georgia

Mr. Woods was born in Pensacola, Florida and while growing up in a military family, lived in 

California, Hawaii and Virginia before moving to Georgia. He graduated from Fitzgerald High School, 

and went on to receive a Bachelor’s Degree from Kennesaw State University and a Master’s Degree 

from Valdosta State University.

Woods has over 22 years of pre-k through 12th grade experience in public education. Woods was a high 

school teacher for 14 years, serving as department chair and teacher mentor. During his tenure, he was 

also selected as Teacher of the Year. For eight years Woods served in various administrative roles such 

as assistant principal, principal, curriculum director, testing coordinator, pre-k director, and alternative 

school director.

Woods also brings a business background to the superintendent's position, having been a purchasing 

agent for a national/multi-national laser company and a former small business owner.

He and his wife Lisha, a retired 30-year educator, are long-time residents of Tifton and have been 

married for 26 years.