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Complete Agenda for the Credit Scoring Conference
This conference was held on July 22,1999 in Washington, D.C. This page is in our site just as a reference to this historical event.
July 22, 1999
AGENDA
9:00 a.m.
Introductory Remarks
- Jodie Bernstein, Director, Bureau of Consumer Protection, Federal Trade Commission
Credit Scoring: An Overview
This overview presentation is intended, in conjunction with the panel that follows, to give context to our later discussions.
- Peter McCorkell, Senior Vice President and General Counsel, Fair, Isaac and Company, Inc.
The Use of Credit Scoring In The Mortgage Industry
Panelists will discuss, in addition to credit scoring, mortgage scoring and automated underwriting.
Panelists:
- Pamela Johnson, Vice President, Single Family Mortgage Business, Fannie Mae
- Peter Mahoney, Associate General Counsel, Freddie Mac
- Carroll Justice, Executive Vice President, FT Mortgage Companies
11:00 a.m. - BREAK
11:15 a.m.
Consumers' Experiences With Credit Scoring
This session will identify the issues and concerns that consumers have regarding the use of credit scoring. We will first hear from the panelists, who will begin the issue identification process, followed by an open discussion during which everyone in attendance is encouraged to participate.
Moderator: Peggy Twohig, Assistant Director for Financial Practices, Federal Trade Commission
Panelists:
- Simi Batra, Consumer
- Marcia Griffin, President, HomeFree USA
- Caryl Iseman Owner/Broker, Action Mortgage Group
A list of area restaurants is available on the table outside of Room 432.
1:30 p.m.
Is Credit Scoring Fair?
This panel will address, among other issues, whether the use of scoring adequately assesses risk for all populations of consumers, and how the use of overrides impacts the use of scoring. Following brief presentations by the panelists, we will have an open discussion of the points made by the panelists as will as any issues raised in the morning session that are appropriately addressed here.
Moderator: David Medine, Associate Director for Financial Practices, Federal Trade Commission
Panelists:
- R. Russell Bailey, Fair Lending Team Leader, Comptroller of the Currency
- Robert Cook, Senior Fair Lending Specialist, Federal Reserve Board
- Debby Goldberg, Acting Director, Neighborhood Revitalization Project, Center for Community Change
- Peter McCorkell, Senior Vice President and General Counsel, Fair, Isaac and Company, Inc.
- Raj Mehra, Director, Financial Risk Management, PriceWaterhouseCoopers
- Margot Saunders, Managing Attorney, National Consumer Law Center
3:10 p.m. - BREAK
3:25 p.m.
What Information Should Consumers Receive About Credit Scoring? Who should Provide That Information?
This panel will address, among other issues, whether consumers should have access to credit scores, what information is currently available to consumers concerning scores, what additional information could be made available, and the appropriate source to provide the necessary information (e.g.,consumer reporting agencies, housing counselors, real estate agents, loan officers).
Moderator: Peggy Twohig, Assistant Director for Financial Practices, Federal Trade Commission
Panelists:
- Ray Crescenzo, Vice President, Associated Credit Bureaus, Inc.
- Virginia Ferguson, Vice President, National Association of Mortgage Brokers Co-owner of Heritage Valley Mortgage Inc. in Pleasanton, Calif.
- Don M. "Dusty" Lashbrook, Executive Vice President, Mortgage.com
- Forrest Pafenberg, Director of Real Estate Finance Research, National Association of Realtors
- Elisabeth Prentice, New York/Puerto Rico District Director, Neighborhood Reinvestment Corporation
- Kirk Willison, Sr. Vice President, Director of Government Affairs, Countrywide Home Loans
4:45 p.m.
Concluding Remarks
- David Medine, Associate Director for Financial Practices, Federal Trade Commission
