City reaches deal with financial advice site

San Francisco Chronicle: In an effort to make San Franciscans more financially fit, the city today plans to announce a partnership with a Web site called HelloWallet.com that offers independent advice on money matters.

"It's audacious to provide an entire city this financial framework," said San Francisco Mayor Gavin Newsom, who learned of HelloWallet through the Clinton Global Initiative, former President Bill Clinton's social-change organization. "It's a tool for people to build financial muscle, so they can have the courage to say to the credit card company on the phone, 'Isn't that a bit high?' or 'Don't you offer this?' To democratize this basic information is so significant; it could be life-changing."   Read Article

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