FSL Banking Partners Project Spring Business Meeting Summary

NCSL BANKING PARTNERS PROJECT

Steering Committee Meeting Summary

Friday, April 15, 2005, 4:00 p.m. - 5:00 p.m.

Washington, D.C.

NCSL’s Banking Partners Project Steering Committee met on Friday, April 15th in Washington, D.C. Committee members present included: Representative Donna Stone, Delaware, Chair of the Steering Committee; Senator Delores G. Kelley, Maryland; Representative Mike Vehle, South Dakota; Ryan Wilson, Maryland Department of Legislative Services; Beth Percynski, Mortgage Bankers Association; Greg Williams and Phil Hitz, American Financial Services Association; Sharon Hermanson and Adam Goldberg, AARP; Spencer Hathaway, AARP Consultant; Phil Drager, CUNA; Caroline Carlson, Foundation for State Legislatures; Heather Morton, NCSL.

Members discussed and made the following recommendations regarding the project deliverables as follows:

Project Sessions

Money+Knowledge=Financial Literacy, held on April 15, 2005, at the NCSL Spring Forum in Washington, D.C..
Session to be held in conjunction with the NCSL Annual Meeting in Seattle, Washington, August 16-20, 2005. The partners will schedule a conference call to plan the session.

Written Products

NCSL staff prepared and distributed the final version of the report "Financial Literacy: A Primer for Policymakers" for review.

Second Phase of FSL Banking Partners Project

Members discussed possible project topics, including deferred compensation plans, Home Mortgage Disclosure Act (HMDA), state licensing of mortgage officers, reverse mortgages, credit cards.
Caroline Carlson will follow up with the partners regarding fundraising for the second phase.

Next Meeting of the FSL Banking Steering Committee:

NCSL Annual Meeting in Seattle, Washington, August 16-20, 2005

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