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Forum on “Access and Opportunity: Predatory Financial Practices and Economic Injustice”

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Forum on “Access and Opportunity:  Predatory Financial Practices and Economic Injustice”

On Monday, May 11, 2015, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, and Senator Elizabeth Warren will hold the fifth in a series of congressional forums as part of the Middle Class Prosperity Projectlaunched by the Members in February.

This forum will examine how mainstream financial service providers are not fully meeting the needs of many in the middle class – and many who aspire to it – for basic banking services like check cashing services and small dollar loans.  It will also examine how this market is often filled by “alternative” financial service providers that sometimes employ predatory practices to trap consumers in a cycle of high fees and debt.  The roles of stakeholders – including mainstream institutions, alternative financial service providers, and the federal government – will be examined closely, and panelists will discuss steps to protect vulnerable communities from being further victimized.

Read Rep. Cummings' opening statement here.

WHAT:         

Middle Class Prosperity Project

Forum on “Access and Opportunity:  Predatory Financial Practices and Economic Injustice”

 

PANELISTS:

WHEN:          

Monday, May 11, 2015

1 pm — 2:30 pm

 

WHERE:       

University of Maryland

 Carey School of Law

Ceremonial Courtroom

500 W. Baltimore Street

Baltimore, MD 21201

 

MAPS:

NCRC Map of Baltimore

NCRC Map of Freddie Gray Neighborhood