Conference Announcement
FDIC 3rd Annual Consumer Research Symposium

October 17 - 18th, 2013, L. William Seidman Center - Hove Auditorium, Arlington VA

You are cordially invited to attend the 3rd Annual Consumer Research Symposium sponsored by the FDIC’s Division of Depositor and Consumer Protection. This two-day symposium will feature consumer finance experts presenting recent papers with far-reaching consumer research and policy implications. Panelists will share research findings on consumers’s capabilities, knowledge, preferences, and experiences in the market for financial products and services. Detailed information on panels and presentations can be found in the agenda below.

The symposium will be held on Thursday, October 17th through Friday, October 18th in the FDIC's Hove Auditorium at the L. William Seidman Center in Arlington, VA. A reception will be held following the sessions on Thursday.

To view the agenda, register your attendance, or register to view a live webcasting of the Symposium, you may do so online at: http://www.regonline.com/consumerresearchsymposium2013

Please submit questions or requests for additional information to ConResearchSymp@fdic.gov, and don't forget to share this invitation with interested colleagues. We look forward to seeing you next month!

AGENDA

Thursday, October 17th

8:00 – 9:00 AM
Breakfast and Registration

9:00 – 9:15 AM
Welcoming Comments
Mark Pearce, Director, Division of Depositor and Consumer Protection, FDIC

9:15 – 10:55 AM
Panel 1: Assets and Wealth

Disparities in Wealth Accumulation and Loss from the Great Recession and Beyond
Signe-Mary McKernan, Caroline Ratcliffe, Eugene
Steuerle and Sisi Zhang, The Urban Institute

Interest Rates and Equity Extraction During the Housing Boom
Neil Bhutta, Federal Reserve Board
Benjamin J. Keys, University of Chicago

The Vulnerability of Minority Homeowners in the Housing Boom and Bust
Steven Ross, University of Connecticut
Patrick Bayer, Duke University
Fernando Ferreira, University of Pennsylvania

Discussant: Brian Bucks, Consumer Financial Protection Bureau

10:55 – 11:10 AM
Break

11:10 – 12:30 PM
Panel 2: Checking and Prepaid Accounts

Checking-account Activity, Account Costs, and Account Closure among Low- and Moderate-Income Households
Katherine Samolyk, Tim Critchfield, Javier
Galindo and Colin Watson, Consumer Financial Protection Bureau

Consumers' Use of Prepaid Cards, a Transaction-Based Analysis
Stephanie Wilshusen, Robert M. Hunt and James van
Opstal, Federal Reserve Bank of Philadelphia
Rachel Schneider, Center for Financial Services Innovation

Discussant: TBD

12:30 – 1:15 PM
Lunch

1:15 – 2:00 PM
Distinguished Guest Lecture
Eldar Shafir, Princeton University

2:00 – 3:20 PM
Panel 3: Household Choice of Financial Products

Immigrant Financial Services Study
Kathryn Glynn-Broderick, NYC Dept. of Consumer Affairs Office of Financial Empowerment

What Determines Household Use of Financial Transaction Products?
Ryan Goodstein and Sherrie Rhine, Federal Deposit Insurance Corporation

Discussant: Una Osili, Indiana University-Purdue University Indianapolis

3:20 – 3:40 PM
Ice Cream Break

3:40 – 5:00 PM
Panel 4: Mortgage Performance

Payment Size, Negative Equity, and Mortgage Default
Paul Willen, Federal Reserve Bank of Boston
Andreas Fuster, Federal Reserve Bank of New York

Strategic Default Behavior and Attitudes among Low-Income Homeowners
Sarah Riley, UNC Center for Community Capital

Discussant: Anthony Pennington-Cross, Marquette University

5:00 – 6:00 PM
Reception

Friday, October 18th

8:30 – 9:00 AM
Breakfast

9:00 – 10:40 AM
Panel 5: Effect of Financial Literacy and Monitoring on Consumer Behavior

Knowing What Not to Do, Financial Literacy and Consumer Credit Choices
Lena Jaroszek, Centre for European Economic Research and University of Mannheim
Christian D. Dick, Centre for European Economic Research

Financial Literacy and High-Cost Borrowing in the United States
Annamaria Lusardi and Carlo de Bassa Scheresberg, George Washington University

Effects of Monitoring on Mortgage
Delinquency: Evidence from a Randomized Field Study
Stephanie Moulton and Cazilia Loibl, Ohio State University
J. Michael Collins and Anya Samak, University of Wisconsin-Madison

Discussant: TBD

10:40 – 10:50 AM
Break

10:50 – 12:10 PM
Panel 6: Spatial Influences on Mortgage Borrower and Lender Behavior

Accessibility, Transaction Costs and the Take$B!>(Bup of Mortgage Assistance for Distressed Homeowners
Blair Russell, Washington University in St. Louis
Robert Greenbaum and Stephanie Moulton, Ohio State University

Mortgage Market Concentration, Foreclosures and House Prices
Mariassunta Giannetti, Stockholm School of Economics
Giovanni Favara, Federal Reserve Board

Discussant: Paul Calem, Federal Reserve Bank of Philadelphia

12:10 PM
Closing Remarks