This fourth biennial research conference brings together a diverse audience from academia, financial institutions, community organizations, foundations and government to learn about current research on consumer finance. Consumer financial markets channel trillions of dollars of credit to households of varying income levels through a wide range of intermediaries operating in many markets. How efficiently do these markets operate, and how well are consumers' needs being met?..

Papers selected for presentation offer an evaluation of

behavioral economics and consumer financial decision-making; financial literacy; immigrant populations; subprime and predatory lending; consumer debt burdens, loan foreclosures, loss mitigations and bankruptcies; and trends and innovations in consumer finance.

Promises & Pitfalls provides a unique opportunity to hear and discuss original studies
about new products, new players and new threats to access to credit and capital
for low- and moderate-income consumers. Emerging markets will also be discussed.
This conference will be of interest to: