Thursday, June 14, 2012

4:00 PM - 5:30 PM

Track: Create Opportunity View Track

EMPOWERING CONSUMERS, EMPOWERING LENDERS: SHIFTS IN CONSUMER CREDIT DECISIONING

Corey Stone, Assistant Director, Credit Information Markets, CONSUMER FINANCIAL PROTECTION BUREAU

Moderator: Joshua Turnbull, Managing Consultant, Advisory Services, CENTER FOR FINANCIAL SERVICES INNOVATION

Robert Annibale, Board of Directors, CENTER FOR FINANCIAL SERVICES INNOVATION, and Global Director,, CITI MICROFINANCE & COMMUNITY DEVELOPMENT

Ryan Guthrie, Alternative Data Business Leader, EQUIFAX, INC

Eric Lindeen, Marketing Director, ZOOT ENTERPRISES, INC.

A key ingredient for accessing high quality credit is having a positive credit profile, yet millions of Americans have damaged, thin, or no credit files in the mainstream bureaus. This is particularly challenging for low- and moderate income Americans, for whom a positive credit profile is a vital component of multiple aspects of their lives, including housing and often employment. This session will feature new research on how financial institutions can help consumers they might otherwise turn down to build or rebuild their credit profiles. The research presentation will be followed by a panel discussion of the latest trends in enhanced credit data and analytics as well as the regulatory challenges and opportunities for increasing access to credit for underserved consumers.

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