Tomorrow at noon, the Consumer Financial Protection Bureau (CFPB) will be putting on its first field hearing in Birmingham, AL. Tomorrow’s hearing will include testimony from two members of CFSA’s Board of Directors and other industry representatives, customers, and members of the public – all who will provide the CFPB with on-the-ground insight into the payday lending market.

Stay tuned in with us by following us @paydaypundit and watching for #CFPBPaydayHearinginAL

WHEN

Thursday, January 19, 2012
12:00 p.m. CST/ 1:00 p.m. EST

WHERE

*New location
Birmingham-Jefferson Convention Complex
East Ballroom A
2100 Richard Arrington Jr. Blvd. North
Birmingham, AL 35203

SCHEDULE

12:00 p.m.
Opening Remarks
Joyce White Vance, U.S. Attorney
U.S. Representative Terri Sewell
Richard Cordray, Director of the CFPB

12:20 p.m.
Expert Testimony
CFPB Staff Participants
Raj Date, Deputy Director of the CFPB (Chair)
Patrice Ficklin, Assistant Director for the Office of Fair Lending and Equal Opportunity
Gail Hillebrand, Associate Director for Consumer Education & Engagement
Peggy Twohig, Assistant Director for the Office of Nonbank Supervision

12:20 p.m.
Panel 1: Consumer Experience with Payday Loans
Shay Farley, Legal Director, Alabama Appleseed
Marcella Roberts, CEO, Building Alabama Reinvestment
Stephen Stetson, Policy Analyst, Alabama Arise
Shirley Worthington, VP of Community Initiatives, United Way of Central Alabama

1:00 p.m.
Panel 2: Industry Perspective on Payday Loans
Kim Gardner, Cash USA
Daryl McMinn, Chief Operations Officer, Listerhill Credit Union
John Owen, Senior Executive Vice President, Head of Consumer Bank, Regions Financial Corp.
Ted Saunders, CEO, Community Choice Financial, Inc.

1:40 p.m.
Public Testimony