Presentation on theme: "Sponsored by:. Housekeeping Technical difficulties? Contact Lissa Domoracki at 312- 368-1154 or at"— Presentation transcript:
Housekeeping Technical difficulties? Contact Lissa Domoracki at or at Submit questions during the presentations via the control panel
Polling Question #1: Describe your organization
Asset Poverty Focus on total household wealth including real estate, savings accounts and retirement accounts Asset poor means that individuals do not have enough wealth to meet their needs for 3 months if no outside sources of income exist
Asset Poverty and Credit Credit is required to build assets including to purchase a home, secure a loan, finance a car You cant build credit if you dont have assets, and you cant build assets if you dont have credit
Asset Poverty and Credit Fact: Somewhere between 50 and 70 million people have No credit score A thin file score
Polling Question # 2: Do you believe the current credit reporting system is a transparent, fair and accurate way for consumers to build credit? Polling question # 3: Do you think most people understand what is currently being reported?
Poll Question #4: Will alternative data reporting increase or decrease low income families access to the mainstream credit industry? Poll question #5: Assuming that it increases access, how will such reporting affect low income families credit scores?
What this Webinar will Cover 1. The Type of Data that is Currently Reported 2. Discuss Alternative Data Reporting 3. Impact of Such Reporting 4. Consumer Service Providers and Reporting Agencies Perspectives 5. Legislative Initiatives
Panelists Michael Turner, President, Policy and Economic Research Council (PERC) John Howat, Senior Policy Analyst, National Consumer Law Center (NCLC) Jennifer Smith, Director, Home Energy Assistance Programs, CEDA of Cook County Terry Clemans, Executive Director, National Credit Reporting Association (NCRA) Carol Wayman, Federal Policy Director, CFED
Panelist 1: Michael Turner, President, Policy and Economic Research Council
Panelist 2: John Howat, Senior Policy Analyst, National Consumer Law Center
Panelist 3: Jennifer Smith, Director, Home Energy Assistance Programs, CEDA of Cook County
Panelist 4: Terry Clemans, Executive Director, National Credit Reporting Association
Panelist 5: Carol Wayman, Federal Policy Director, CFED
Polling Question #6: Do you believe including alternative data will increase or decrease low income families access to the mainstream credit industry? Polling Question #7: Assuming that it increases access, will such reporting increase, decrease or leave unchanged low income families credit scores?
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