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CFSI Convenes Financial Services Industry Executives to Propel Underserved Innovation

Innovators Roundtable to Focus on Regulation, Access to Credit and Household Income Data

CHICAGO--(BUSINESS WIRE)-- The Center for Financial Services Innovation (CFSI) today commenced the Innovators Roundtable meeting in Chicago, IL and announced expansion of the group with the 2012 additions of Blackhawk Network, LexisNexis, MoneyGram, and Regions Bank. The fall meeting will focus on catalyzing innovation and action among financial thought leaders and innovators, all united in a commitment to better serve financially underserved consumers.

“The Innovators Roundtable represents a gathering of senior representatives from many of the nation’s largest and most influential financial services companies. I’m pleased that Tony Hadley, Senior Vice President, Government Affairs and Public Policy, Experian, will join the Roundtable to share insights on how the regulatory landscape impacts consumers, the industry, and product design,” said Karen Biddle Andres, Senior Manager and Consultant, Advisory Services.

In addition, attendees will be introduced to Raul Vazquez, Chief Executive Officer of Progreso Financiero, who will share his company’s experience in developing high quality, small dollar loan products that improve financial outcomes for underserved consumers. Both J. Michael Collins, Director of University of Wisconsin’s Center for Financial Security, and José Quiñonez, Executive Director, Mission Asset Fund, and newly appointed Chairperson of the Consumer Financial Protection Bureau’s Consumer Advisory Board, will contribute to a discussion about new data collected on low-income consumers and their financial behaviors.

“Bringing these thoughtful leaders together provides an extraordinary opportunity to network, collaborate, and share ideas about how to best move this field forward,” Andres continued. “With such a diverse group of bank, retailer, prepaid program manager, and financial technology firm executives involved, the Roundtable stimulates new ways of thinking about how leading organizations can work toward to a future where financial services are a force for good in people’s lives.”

Founded in 2006, the Innovators Roundtable continues to be the premier forum for business leaders from across the financial services spectrum working to develop profitable, high-quality products for underserved consumers. Participants include: Bank of America, Blackhawk Network, Capital One, Citi, Experian, FIS, Green Dot, H&R Block, LexisNexis, MasterCard Worldwide, Meta Payment Systems, Moneygram, NetSpend, Regions Bank, U.S. Bank, Visa Inc., Walmart, Wells Fargo, and Western Union.

For more information about the Innovators Roundtable agenda and participant experience, please contact Darren Easton, Manager, Advisory Services, at deaston@cfsinnovation.com.

About CFSI: The Center for Financial Services Innovation (CFSI) is the nation's leading authority on financial services for underbanked consumers. Through insights gained by producing original research; promoting cross sector collaboration; advising organizations and companies by offering specialized consulting services; shaping public policy; and investing in nonprofit organizations and start-ups, CFSI delivers a deeply interconnected suite of services benefiting underserved consumers. Since 2004, CFSI has worked with leaders and innovators in the business, government and nonprofit sectors to transform the financial services landscape.

For more on CFSI, go to www.cfsinnovation.com

Media Contact:
CFSI
Cynthia Hunt, 312-881-5813
Senior Vice President
chunt@cfsinnovation.com

Source: Center for Financial Services Innovation