Innovative Financial Products and Services
in Asset-Building: Access to Credit and
Credit-Building Strategies

Registration for this webinar is closed.

Tuesday, July 14, 2015 | Webinar
2-3:15 p.m. (CT) | 3-4:15 p.m. (ET)

Contact
Lisa Locke
502-568-9292
lisa.locke@stls.frb.org

Although the United States economy has rebounded since the 2008 recession, many low- and moderate-income (LMI) individuals still face economic insecurity. The need for innovative financial products and services is essential in today's economy as more people find their budgets stretched and loans out of reach.

A modern twist has been added to the century-old concept of Lending Circles – arrangements between groups of individuals who pool their resources to benefit each member of the group. The Mission Asset Fund, based in San Francisco, has created a way for the Lending Circles model to become a steppingstone into the financial mainstream by reporting payments to credit bureaus. Using this model allows individuals to establish and/or improve their credit history and increase their assets. Access to financial resources builds, strengthens and sustains wealth, and a positive credit history can open doors to many wealth-building opportunities.

During this Exploring Innovation webinar series from the Federal Reserve Bank of St. Louis, we will hear from leaders in community-based organizations, community development corporations and government agencies regarding innovative financial products and services in the areas of credit-building, saving and access to the financial mainstream.

This first webinar in the series, on July 14, will provide insight into access to credit and credit-building strategies. Presenters include:

 There is no charge for this event, but registration is required.