You are here

Fall Symposium: A Growing Crisis in the Credit Market


Fall Symposium: A Growing Crisis in the Credit Market

The Plight of the Unbanked and Under-Banked in America

Fall Symposium: A Growing Crisis in the Credit Market

The Competitive Enterprise Institute, along with the National Urban League, the National Bankers Association, and the Hispanic Leadership Fund, is cosponsoring a symposium to discuss the effect of regulation on credit markets and financial entrepreneurship.

Tuesday, September 20, 2011 1:00 pm to 7:15 pm
Rayburn House Office Building
Southwest of the Capitol near Independence Avenue, South Capitol Street, First Street, and C Street, S.W.
Gold Room 2168
Washington, DC 20515
United States

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. 

Please RSVP to or register at


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