Cleveland Fed Hosts Policy Summit on Consumer Finance

Discussions to address financial policy reform, foreclosed properties, mounting household debt, payday lending, and financial education

Who: Government officials, bankers, community and economic development practitioners, researchers, regulators, and educators

What: Federal Reserve Bank of Cleveland's Community Development Policy Summit
Consumer Finance: Crossing the Divide

Where: Cleveland Marriott Downtown at Key Center, 127 Public Square, Cleveland, Ohio

When: June 11, 2008 11:45 a.m. - 5:15 p.m. (reception to follow)
June 12, 2008 8:30 a.m. - 2:15 p.m.

Registration Fee: $150/person; $120/person for members of nonprofit organizations. Deadline for registration is June 4, 2008.

Info: http://www.clevelandfed.org/our_region/community_development/events/policy_summit/2008/index.cfm or 1.800.433.1035

Background Information
Crunch or crisis? No matter how you view the current financial landscape, times are tough. The nation’s mortgage lending crisis, an overall tightening of credit, and a sluggish economy have implications not only for consumers, but for community leaders, bankers, regulators, and policymakers as well. How do we successfully "cross the divide" and safely reach financial security?

Join local and national experts at the Federal Reserve Bank of Cleveland’s Community Development Policy Summit for lively discussions on getting foreclosed properties back in circulation; policy responses to unfair and deceptive lending practices; the effectiveness of financial education; mounting household debt; new approaches to wealth creation; an innovative reality game for homeownership counseling; and regulating payday lending.

Kelvin Boston, executive producer and host of PBS’s “Moneywise,” will deliver the keynote address on the relationship between financial education and financial success.

Featured speakers and panelists also include Randall Kroszner, member, Board of Governors of the Federal Reserve System; and Richard Cordray, Treasurer, State of Ohio.

For the complete program agenda and online registration, visit www.clevelandfed.org/2008policysummit