NCSL webinars allow attendees to participate in meetings taking place around the world from the comfort of their desk. They are collaborative, interactive and easy to use. Most webinars will be recorded for those who are unable to attend the live meeting.
Payday Lending in the States
Thursday, Oct. 18, 2012
Payday, or deferred presentment, loans are small-dollar credit products that are secured by a claim to the borrower’s bank account with a post-dated check or electronic debit authorization, and are due in full on the borrower’s next payday. Consumers can obtain payday loans at more than 20,000 storefronts and websites. The loans can be a controversial form of credit because of concerns over their interest rates and whether borrowers are able to repay the loans on time. This webinar will examine payday loan borrower motivations and demographics, as well as how state regulation affects payday loan usage, and will feature the findings from a report by The Pew Charitable Trusts.
Report from the Pew Charitable Trusts: Payday Lending in America: Who Borrows, Where They Borrow, and Why
Nick Bourke, Director, Pew Safe Small-Dollar Loans Research Project
Nick Bourke is the Director of the Pew Safe Small-Dollar Loans Research Project, which conducts research on consumer needs and perceptions, market practices, and potential regulations of payday and other small-dollar loan providers. The project also offers policy recommendations designed to protect consumers from harmful practices and promote safe, transparent credit. Bourke has testified before congressional committees and frequently interacts with stakeholders from industry and consumer groups. Bourke has conducted numerous interviews on national television and radio news programs and with top print publications. Bourke previously led Pew’s successful campaign to reform regulation of the credit card industry. Before joining Pew, he worked with financial services and high tech companies, serving as product manager, marketing specialist, strategy consultant and legal advisor, with particular expertise in electronic payments. Most recently, Bourke was senior consultant and project manager for the Ziba Group. Bourke holds a bachelor’s degree in science, technology, and society from Stanford University and a juris doctor degree from the University of California, Davis. He is a member of the State Bar of California.
Jamie Fulmer, Community Financial Services Association of America
Jamie Fulmer is Senior Vice President of Public Affairs for Advance America, the leading provider of consumer financial services in the U.S. Advance America operates approximately 2,400 locations in 29 states, offering credit options and financial services – including non bank cash advances, prepaid cards, check-to-card services, money transfers, money orders, bill payment services, gold buying and tax preparation – to more than one million hardworking Americans each year. Fulmer develops and directs Advance America’s comprehensive communications and public affairs program to reach customers, legislators and policymakers, media, employees and the general public. He also serves as Advance America’s primary media spokesperson. He works closely with the Community Financial Services Association of America (CFSA), the payday advance industry’s trade association, of which Advance America is a founding member. He has been with the company since its founding in 1997. Prior to Advance America, he was a manager of human resources for Collins & Aikman Products Company, a major manufacturer of automotive and textile products. He is a graduate of Wofford College in Spartanburg, SC, a Liberty Fellow and a member of the Aspen Global Leaders Network.
Ronald Mann, Albert E. Cinelli Enterprise Professor of Law, Co-Director, Charles E. Gerber Prog. in Transactional Studies, Columbia Law School, New York
Professor Mann served as a law clerk to Judge Joseph T. Sneed, U.S. Court of Appeals for the Ninth Circuit (1985-1986) and Justice Lewis F. Powell, Jr. of the U.S. Supreme Court (1986-1987). He practiced real estate and transactional law in Houston, Texas (1987-1991). He worked for the Justice Department as an Assistant for the Solicitor General of the United States, (1991-1994). Professor Mann joined the Columbia faculty on July 1, 2007 after holding tenured positions at the University of Michigan, University of Texas, and the Washington University School of Law. A nationally renowned scholar in the areas of secured credit, payment systems, and intellectual property, he has authored dozens of law review articles in leading law reviews, as well as pathbreaking casebooks on Payment Systems and Electronic Commerce. He is a member of the American Law Institute, a conferee of the National Bankruptcy Conference, and a frequent visiting scholar at Federal Reserve Banks.
Diane Standaert, Legislative Counsel, Center for Responsible Lending
Diane Standaert is a Legislative Counsel at the Center for Responsible Lending (CRL), a not-for-profit, non-partisan, research and policy organization dedicated to protecting homeownership and family wealth by working to eliminate abusive financial practices. CRL is an affiliate of Self-Help which consists of a credit union and a non-profit loan fund. Diane focuses on state-level legislative and policy issues related to consumer and mortgage lending. She works with stakeholders and policymakers committed curbing abusive financial practices in their state. Prior to joining the CRL Diane served as staff attorney at the Center for Civil Rights at the University of North Carolina School of Law where she focused on the development on minority communities in the rural south, ranging from access to water and preservation of family-owned land. Diane is a graduate of Florida State University. She received her law degree from UNC-Chapel Hill in 2006 where she was a recipient of the Chancellor's Scholarship, the law school's highest merit scholarship. Prior to law school, Diane was a housing policy analyst with the Florida Housing Finance Corporation in Tallahassee, Florida and a Jane Addams Andrew Carnegie Fellow at the Center on Philanthropy in Indianapolis, Indiana.
Heather Morton, Program Principal, Fiscal Affairs Program, National Conference of State Legislatures
Heather Morton has been with NCSL since 2000 and currently covers financial services, civil liability and alcohol regulation issues. She is a staff liaison to NCSL’s Communications and Financial Services and Interstate Commerce Committee. Heather has been New Hampshire’s NCSL connection since 2005. She earned her law degree from the University of Denver and earned her undergraduate degree in history and women’s studies from the University of Colorado at Boulder.
Check out all of the upcoming NCSL webinars for 2012!