Responsible lending practices have historically expanded economic opportunity for American families. Yet as the Great Recession dramatically demonstrated, poorly structured or lightly regulated financial products can also destabilize and take wealth out of communities. Financial reforms, culminating in the Dodd-Frank Act of 2010, have swung the pendulum back toward greater consumer protections. Moving forward, concerns remain about how the financial sector can support mobility again, particularly given rapid demographic and technological change.
Please join the Center for American Progress for a conversation with leading experts on recent developments in the consumer financial marketplace, the financial challenges communities continue to face, and the steps regulators and policymakers should take over the next five years to ensure better outcomes for consumers.
Winnie Stachelberg, Executive Vice President for External Affairs, Center for American Progress
Panel 1: Financial Services and Mobility Before and After the Crisis
Jim Carr, Senior Fellow, Roosevelt Institute
Mike Calhoun, President, Center for Responsible Lending
Michael Barr, Senior Fellow, Center for American Progress
Panel 2: Protecting Consumers and Expanding Opportunity Over the Next Five Years
Lisa Donner, Executive Director, Americans for Financial Reform
David Haber, Co-Founder and CEO, Bond Street
Helaine Olen, Financial Journalist; Co-Author, The Index Card: Why Personal Finance Doesn’t Have to Be Complicated
Rob Randhava, Senior Counsel, Leadership Conference on Civil and Human Rights
Eric Rodriguez, Vice President, National Council of La Raza
Joe Valenti, Director of Consumer Finance, Center for American Progress