Chair
Representative Juanita Head Walton (MO)

1st Vice Chair
Senator Tracy Steele (AR)

2nd Vice Chair
Representative Wayne Ford (IA)

NBCSL Policy Staff
Chantel J. Bivins

JURISDICTION
The committee develops policies that promote consumer protection and insure the safety and solvency of insurers. It reviews and addresses matters related to the regulation of corporations and financial institutions and examines bank policies and corporate practices that affect the financial stability and economic development of the African-American community (examples include availability of small business loans, affordable mortgage loans, and community reinvestment).

TOPIC

Living in Poverty: The Impact of the Rising Costs of Life Necessities on Urban Residents

Approximately 37 million people are living under the poverty line, which is 4 million more than at the height of the last recession in 2001. Families have more debt, fewer reserves and more volatile incomes than they did a few decades ago. With the rising costs for housing, health care and other necessities, many people are unable to provide adequately for their families. The lack of education and skills to compete in the job market leave many people living in poverty.

PANELISTS

Derrick Johnson
President
NAACP

Janice Horan
Director, Regulatory and Consumer Support
Fair Isaac Corporation

Everett Wallace
President
Wallace Enterprises International

Loretta Abrams
Vice President, Consumer Affairs
HSBC-North America