The National Foundation for Credit Counseling will commence its Spring Meeting in Washington, DC with issues such as housing, subprime mortgages, and consumer debt on the agenda.
Credit counseling agency executives and stakeholders are gathering at a time when external economic factors are placing huge demands on the credit counseling sector. Meeting these challenges head on is integral to providing consumers with the financial guidance they require.
Those scheduled to speak at the meeting include:
– John Dugan, U.S. Comptroller of the Currency, will speak on the role that credit counselors play in home foreclosure prevention.
– Mary McIntosh, President, Princeton Survey Research Associates International, will present the results of a national consumer financial literacy survey.
– Douglas Duncan, Chief Economist, Mortgage Bankers Association, will provide perspective and insights on the mortgage lending sector.
– John Taylor, President, National Community Reinvestment Coalition, will focus on rising home foreclosures and offer thoughts on prevention, as well as the need for stronger regulatory oversight and enforcement in this area.
– Steve Grodnitzky, Internal Revenue Service, will discuss the IRS’ interpretation of the credit counseling provisions of the Pension Protection Act.
– Deanne Loonin, National Consumer Law Center, will provide an update on her organization’s efforts on credit counseling-related issues as well as alternatives to bankruptcy.
NFCC agency heads will also be traveling to Capitol Hill to meet with their Members of Congress to discuss issues facing the credit counseling sector. Additionally, at the NFCC’s Capitol Hill Luncheon, Krystal Saunders of St. Albans, West Virginia, will be honored for winning the NFCC’s 2007 national financial literacy poster contest, and the NFCC will debut “College Credit for Life,” its educational financial literacy DVD for college freshmen.
Over the next two days, leaders and policy makers will be discussing ways to reach more consumers with services and education tools aimed at improving financial literacy levels.
“We believe it is timely that leaders are convening in Washington, DC to address serious economic challenges facing many Americans, especially in the housing market. The new Princeton Research survey results indicate that consumers are interested and willing to learn. The NFCC feels that education is an important first step in its commitment to creating a national culture of financial responsibility,” said Susan C. Keating, the NFCC’s president and CEO.
Members of the media wishing to receive credentials for the meeting should contact Nick Jacobs at [email protected] or (301) 576-2537.
The National Foundation for Credit Counseling (NFCC), founded in 1951, is the nation’s largest and longest serving national nonprofit credit counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior and build capacity for its members to deliver the highest quality financial education and counseling services. NFCC members annually help two million consumers through its nearly 1,000 community-based offices nationwide. For free and affordable confidential advice through a reputable NFCC member, call 1-800-388-2227, (en Espanol 1-800-682-9832) or visit http://www.nfcc.org.