CONFERENCE ANNOUNCEMENT


         RECENT DEVELOPMENTS IN CONSUMER CREDIT AND PAYMENTS


                            CO-SPONSORED BY
         The Research Department and the Payment Cards Center
                 Federal Reserve Bank of Philadelphia


                           Philadelphia, PA
                        September 24-25, 2009



     CONFERENCE WEBSITE WITH AGENDA:


http://philadelphiafed.org/research-and-data/events/2009/consumer-credit-and-payments/


     Thursday, September, 24 (5:00 p.m.-7:30 p.m.)


     REGISTRATION/WELCOME AND RECEPTION:


     Friday, September, 25 (8:00 a.m.-4:45 p.m.)



     PAPERS:


     SECURITIZATION AND DISTRESSED LOAN RENEGOTIATION: EVIDENCE
     FROM THE SUBPRIME MORTGAGE CRISIS:
     Tomasz Piskorski, Columbia University
     (with Amit Seru and Vikrant Vig)
     Discussant: Paul Willen, Federal Reserve Bank of Boston


     LIAR'S LOAN? EFFECTS OF LOAN ORIGINATION CHANNEL AND LOAN
     SALE ON DELINQUENCY:
     Ashlyn Nelson, Indiana University
     (with Wei Jiang and Edward Vytlacil)
     Discussant: TBA


     INFORMATION DISCLOSURE, COGNITIVE BIASES AND PAYDAY
     BORROWING:
     Adair Morse, University of Chicago
     (with Marianne Bertrand)
     Discussant: Jeremy Tobacman, University of Pennsylvania


     DATA BREACHES AND IDENTITY THEFT:
     William Roberds, Federal Reserve Bank of Atlanta
     (with Stacey L. Schreft)
     Discussant: Edward S. Prescott, Federal Reserve Bank of
     Richmond


     DID BANKRUPTCY REFORM CONTRIBUTE TO THE MORTGAGE CRISIS?
     Michelle J. White, University of California, San Diego
     (with Wenli Li and Ning Zhu)
     Discussant: Nicholas Souleles, University of Pennsylvania


     THE IMPACT OF THE U.S FINANCIAL CRISIS ON GLOBAL RETAIL
     LENDING
     Manju Puri, Duke University
     (with Jorg Rocholl and Sascha Steffen)
     Discussant: Philip Strahan, Boston College


     LEGAL PROTECTION IN RETAIL FINANCIAL MARKETS:
     Simon Gervais, Duke University
     (with Bruce I. Carlin)
     Discussant: Philip Bond, University of Pennsylvania



     NOTE:


     The conference is free of charge, but space is limited and
     registration is required. The registration website (see
     above) will open on August 1st. The registration deadline
     is September 16th.


     For your convenience, a block of hotel rooms has been
     reserved at a special conference rate. To obtain this rate,
     reservations must be made by August 24th. For details, see
     the conference website.


     For questions and clarifications, please email:


     Email:         MAILTO:phil_pcc09@phil.frb.org



     CONFERENCE ORGANIZERS:


     CONTACT:       Ronel Elul
     Tel:           215-574-3965


     CONTACT:       Mitchell Berlin
     Tel:           215-574-3822


     CONTACT:       Robert M. Hunt
     Tel:           215-574-3806




Posted 7/30/09