Fall Symposium: A Growing Crisis in the Credit Market
Director of the Center for Investors and Entrepreneurs at the Competitive Enterprise Institute, John Berlau, will speak on the "Cost of Credit" panel at 11:00 AM.
09:00 - 09:30 AM Welcome and Introduction – Suzanne Garwood, Venable, LLP
09:35 - 09:50 AM Remarks – Congressman Francisco Canseco (R-TX), Member, Financial Services Committee
09:00 - 09:15 AM Break
10:00 - 11:00 AM Panel: The Availability of Credit in the Current Economy With recent studies showing that half of Americans cannot raise $2,000.00 in an emergency, there is no doubt that America is facing a credit crisis. This panel will examine the scope and magnitude of this crisis.
Speakers: Gerri Guzman, Consumer Rights Coalition | Cy Richardson, National Urban League | Michael Flores, Bretton Woods, Inc. | Joanne Yoong, Rand Corporation
11:00 - 12:00 PM Panel: Cost of Credit Is the Annual Percentage Rate (APR) a proper tool that accurately reflects cost to the Consumer? This panel will review the current thinking on Providers of credit and the products they offer.
Speakers: John Berlau, Competitive Enterprise Institute | Todd Zywicki, George Mason University, Law School | Janis Bowdler, Wealth-Building Policy Project, National Council of La Raza
12:15 - 1:30 PM Panel: Banks and Non-bank Providers: Who is serving whom? This panel will review the inner workings, customer base, and the regulatory structure of Banks, Credit Unions and non-banks, including the limitations of state and federal laws in enabling these institutions to serve the under and un-banked.
Speakers: Stephen Brobeck, Consumer Federation of America | Michael Grant, National Bankers Association | James Gutierrez, Progreso Financiero | Jerry Nemorin, Lend Street Financial, Inc.
1:45 - 3:00 PM Panel: Solutions This panel will explore current impediments to serving the unbanked and under-banked as well as potential solutions.
Speakers: Mario Lopez, Hispanic Leadership Fund | Melissa Koide, Center for Financial Services Innovation | Ryan Gilbert, Bill Float | Nick Bourke, Small Dollar Loans Research Project, PEW Charitable Trust
03:00 - 03:15 PM Closing Remarks – Suzanne Garwood, Venable