On the Hill: Asset Building for the Middle Class

The Senate Banking subcommittee on Financial Institutions and Consumer Protection is hosting a hearing today on “Consumer Protection and Middle Class Wealth Building in an Age of Growing Household Debt.”  The hearing is scheduled from 3 until 5pm and will feature our founding Director, Ray Boshara (now with the Federal Reserve Bank of St. Louis) as well as Ida Rademacher from CFED, Susan Weinstock from Pew and a number of other notable figures. It’s great to see Senator Sherrod Brown (D-OH), the chairman of the subcommittee, organizing a hearing like this. As seen at September’s House hearing on the availability of consumer credit, and our June event on “Rebuilding the Road to Financial Stability,” issues of household debt and basic financial stability are a major piece of the puzzle when we look at the nation’s current economic troubles and are incredibly important as we look to build a more stable future.

I’ll be attending in person, but you can watch and listen on the Banking Committee’s website.