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Affordable, Responsible Loans for the Military: Programs and Prototypes
Agenda and Presentations
Wednesday, December 6, 2006
This template for an affordable, small-dollar loan program was developed by bankers who attended the December 6, 2006 FDIC Conference, “Affordable, Responsible Loans for the Military: Programs and Prototypes”. Conference participants agreed that the range of options it sets forth would be useful in developing a responsible small-dollar loan program suitable to both a bank and its military customers.
Transcript - Affordable, Responsible Loans for the Military: Programs and Prototypes
Small Loan Template - PDF 55k (PDF Help)
| 7:30 AM | Registration, Continental Breakfast |
| 8:00 AM | Welcoming Remarks
Sheila C. Bair, Chairman, Federal Deposit Insurance Corporation |
| 8:15 AM | Keynote Address
Congressman Barney Frank, incoming Chairman of the House Financial Services Committee |
| 8:45 AM | How Military Banks are Meeting the Credit Needs of Service Personnel
Bankers discuss features of responsible loan products and the priority military banks place on offering alternatives to predatory loans.
Introduction: Major General Andrew M. Egeland, Jr., USAF (Ret.), President and CEO, Association of Military Banks of America
Panelists:
James D. "Jay" Dreibelbis, President, First Community Bankshares,
Holding Company, Fort Hood National Bank
Don Giles, President and CEO, Armed Forces Bank, NA
Tammy Jo Snyder, Vice President, First National Bank of Midwest City
Dawn Bannwolf, Vice President, Bank of America Military Bank
Greg Oveland, President and CEO, Eisenhower National Bank |
| 10:00 AM | Break |
| 10:15 AM | Affordable Short-Term Loans: Other Successful Products
Bankers discuss the features of successful affordable loan programs that also may benefit the military
Panelists:
Jim Blaine, President, North Carolina State Employees Credit Union
Presentation by Jim Blaine - Powerpoint 156k (PPT Help)
Rodney E. Hood, Vice Chairman, National Credit Union Administration |
| 11:00 AM | Opportunities and Obstacles in Creating an Affordable Loan Product
Regulators discuss recent statutory and regulatory developments, and the impact of the Talent Amendment, the Community Reinvestment Act, Regulation E and other applicable rules and regulations on small, affordable loans.
Panelists:
Robert Mooney, Acting Deputy Director, Compliance, Federal Deposit Insurance Corporation
Serena Owens, FDIC, Chief, Policy and Program Development, Federal Deposit Insurance Corporation
Robert Lee, Counsel, Federal Deposit Insurance Corporation
Ky Tran-Trong, Senior Attorney, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System
Presentation by Ky Tran-Trong - Powerpoint 133k (PPT Help) |
| 12:00 PM | Luncheon
Keynote Address
Kelvin Boston, star of the PBS MoneyWise Series and member of the FDIC's Committee for Economic Inclusion |
| 1:15 PM | High-Cost Credit and its Impact on Military Personnel
Panelists representing the armed forces discuss the negative impact of high cost loans and the demand for affordable small loans in the military market.
Panelists:
Colonel Marcus Beauregard, USAF (Ret.), Program Analyst, Department of Defense/State Liaison Office
Presentation by Colonel Marcus Beauregard - Powerpoint 2.7mb (PPT Help)
Barbara Thompson, Director of the Office of Family Policy and Children and Youth, Department of Defense
Presentation by Barbara Thompson - Powerpoint 2.5mb (PPT Help)
Rear Adm. Jan Cody Gaudio, USN (Ret.), Executive Vice President and COO, Navy Marine Corps Relief Society |
| 2:15 PM | Break |
| 2:30 PM | Workshop: Developing an Affordable Loan Product Template
Collaborate with other bankers in developing a template for an affordable alternative small loan product(s)
Three separate working groups explore different aspects of developing an affordable loan product following an outline similar to the morning's discussions.
- Group One will discuss the pros and cons of loan features relating to affordability and pricing, principal reduction, and loan amounts along with recommendations for these to be used in a small loan template
- Group Two will discuss the pros and cons of using different underwriting criteria and the use of technology and automated processes to facilitate making a small loan, along with recommendations for use of these in a small loan template
- Group Three will explore how to incorporate other services into an account package such as a savings component, financial education, etc. that can be marketed as an asset building strategy resulting in a long-term and profitable customer relationship
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| 4:00 PM | Report Out of Findings
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| 4:30 PM | Closing Remarks |
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