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January

09
2007

10:00 am EST - 12:00 am EST

Past Event

Extending Credit: Helping Americans Build Solid Financial Futures

  • Tuesday, January 9, 2007

    10:00 am - 12:00 am EST

The Brookings Institution
Falk Auditorium

1775 Massachusetts Ave., NW
Washington, DC

It is estimated that 30 to 50 million Americans face a key roadblock on the path to buying a home or starting a business. Mainstream lenders do not have enough information on these individuals to calculate a credit score, and thereby extend credit. In a new study on methods to determine credit-worthiness, experts from the Brookings Institution Urban Markets Initiative discussed the impact of using new and readily available information such as utility payment history to calculate credit scores, a development that would bring millions of underserved individuals into the economic mainstream.

On January 9, Brookings hosted a panel discussion on these credit scoring alternatives and the potential impact on millions of consumers currently denied access to the buying power of a decent credit score.

Agenda

  • January 9
    • Moderator

      DMT
      Dr. Michael Turner President, Information Policy Institute Political and Economic Research Council
    • Panelists

      AL
      Alyssa Lee Acting Director The Urban Markets Initiative The Brookings Metropolitan Policy Program
      CW
      Chet Wiermanski Senior Vice President, Analytics TransUnion
      CA
      Clark Abrahams Executive Director SAS Fair Banking
      WO
      Windy Oliver Vice President Risk General Electric Money