WHO: Panelists include Michael Barr, U.S. Treasury Department Assistant Secretary for Financial Institutions; Melissa Koide, Policy Director, Center for Financial Services; Robert M. Hunt, AVP and Director, Payment Cards Center, Federal Reserve Bank of Philadelphia; Janis Bowdler, Deputy Director, Wealth-Building Policy Project, National Council of La Raza; Will Sowell, COO, Green Dot Corporation; John Thompson, Principal, Advent Financial; Brian Kibble-Smith, VP & General Counsel, Government Payment Services, Inc.; Josh Wright, Director of Financial Access Innovations, Office of Domestic Finance, U.S. Treasury Department.
WHEN: Wednesday, July 14, 2010, 9:30 am – 12:30 pm EST
WHERE: Congressional Meeting Room South in the Capitol Visitor Center at First and East Capitol Street NE, Washington, DC
WHY: This symposium seeks to inform Capitol Hill staffers and policymakers about underbanked consumers and the benefits of and appropriate policies for GPR cards. GPR cards are used by many unbanked or underbanked consumers as a variation of or as a substitute for bank accounts. Applying consumer protections to GPR cards will make the product more attractive to consumers and provide regulatory clarity for prepaid providers.
About CFSI:
The Center for Financial Services Innovation is the nation’s leading authority on financial services for underbanked consumers. Since 2004, its programs have focused on informing, connecting, and investing – gathering enhanced intelligence, brokering and supporting productive industry relationships, and fostering best-in-class products and strategies. A nonprofit affiliate of ShoreBank Corporation, CFSI works with leaders and innovators in the business, government and nonprofit sectors to transform the financial services landscape.
Source: Company press release.
