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7th Annual FDIC Consumer Research Symposium

October 13, 2017, in Arlington, Virginia

Sponsored by the FDIC’s Division of Depositor and Consumer Protection

You are cordially invited to attend the 7th Annual FDIC Consumer Research Symposium sponsored by the FDIC’s Division of Depositor and Consumer Protection. The conference will be held on Friday, October 13, 2017, in the Sheila C. Bair Auditorium at the FDIC L. William Seidman Center in Arlington, Virginia.

The symposium will feature recent research on consumers’ capabilities, knowledge, preferences, and experiences in markets for financial products and services, as well as the effects of public policy interventions and new regulations on consumers, households, communities, and financial institutions. Please see the symposium agenda below for the research papers and presenters featured on the program.

REGISTRATION: To attend the symposium in person or sign-up to view a live webcasting of the event, please visit the symposium website, https://www.fdic.gov/consumersymposium. There is no registration fee. However, participants are encouraged to register at their earliest convenience, as space is limited.

FURTHER INFORMATION: Please submit any questions or requests for additional information to the conference organizers at ConResearchSymp@fdic.gov, and don’t forget to share this invitation with interested colleagues. We look forward to seeing you in October!

AGENDA:
8:00 - 9:00am: Breakfast and Registration

9:00 - 9:20am: Chairman’s Remarks
Martin J. Gruenberg, Chairman, Federal Deposit Insurance Corporation

9:20 - 10:35am: Panel 1: Credit Utilization and Payment Behavior
The Marginal Propensity to Consume out of Credit: Evidence from Random Assignment of 54,522 Credit Lines
Deniz Aydin, Washington University in St. Louis

How Do Individuals Repay Their Debt? The Balance-Matching Heuristic
Neale Mahoney, University of Chicago
John Gathergood and Jorg Weber, University of Nottingham
Neil Stewart, University of Warwick

Discussant: Joanne Hsu, Federal Reserve Board of Governors
Moderator: Jeffrey Weinstein, Federal Deposit Insurance Corporation

10:35 - 10:55am: Break

10:55am - 12:10pm: Panel 2: Economic Inclusion
Understanding the Racial/Ethnic Gap in Bank Account Ownership among Older Adults
Luisa Blanco, Pepperdine University
Marco Angrisani and Emma Aguila, University of Southern California
Mei Leng, University of California, Los Angeles

Where Credit Is Due: The Relationship between Family Background and Credit Health
Sarena Goodman, Alice Henriques, and Alvaro Mezza, Federal Reserve Board of Governors

Discussant: TBA
Moderator: Joyce Northwood, Federal Deposit Insurance Corporation

12:10 - 12:40pm: Lunch

12:40 - 1:30pm: Distinguished Guest Lecture
Christopher Herbert, Managing Director, Joint Center for Housing Studies, Harvard University

1:30 - 1:45pm: Break

1:45 - 3:00pm: Panel 3: Mortgage Markets
"Don’t Know What You Got Till It’s Gone" - The Effects of the Community Reinvestment Act (CRA) on Mortgage Lending in the Philadelphia Market
Lei Ding and Leonard Nakamura, Federal Reserve Bank of Philadelphia

Insights into the Rural Mortgage Experience: Findings from the National Survey of Mortgage Originations
Jaya Dey, Freddie Mac
Tim Critchfield, Consumer Financial Protection Bureau
Nuno Mota, Fannie Mae
Saty Patrabansh, Federal Housing Finance Agency

Discussant: Michael Eriksen, University of Cincinnati
Moderator: Ryan Goodstein, Federal Deposit Insurance Corporation

3:00 - 3:20pm: Break

3:20 - 4:35pm: Panel 4: Credit and the Real Economy
Real Effects of Search Frictions in Consumer Credit Markets
Bronson Argyle and Taylor Nadauld, Brigham Young University
Christopher Palmer, Massachusetts Institute of Technology

Rainy Day Credit? Unsecured Credit and Local Employment Shocks
Jeremy Tobacman, University of Delaware
Benjamin J. Keys, University of Pennsylvania
Jialan Wang, University of Illinois at Urbana-Champaign

Discussant: Paolina Medina, Texas A&M University
Moderator: Alicia Lloro, Federal Deposit Insurance Corporation

4:35 - 5:45pm: Closing Remarks and Reception

Posted: 2 Sep 2017