CFSI Convening Explores Consumer Credit and Industry Needs

Industry Meeting Spotlights Innovation, Impending Regulatory Legislation and
Effect on Consumers
CHICAGO--(Business Wire)--
The Center for Financial Services Innovation (CFSI) will welcome more than 30
senior executives from a broad cross-sector of the financial industry in Chicago
today for a joint meeting of its Innovators and Responsible Credit Roundtables.
The gathering seeks to provide insight and actionable ideas for companies,
advance their individual efforts in developing new projects and business models,
and identify opportunities for industry-wide action.

The meeting will focus on credit needs and opportunities in this new
environment, including the links between savings/deposit behaviors and the need
for credit, the implications of impending regulatory changes and the proposed
Consumer Finance Protection Agency and the financial needs of young adults and
students. Industry leaders participating in the joint meeting include Bank of
America, Citi, Fidelity National Information Services, Experian, GE Money, H&R
Block, LexisNexis Risk Solutions, Meta Payment Systems, US Bank, Visa, and Wells
Fargo.

"These companies are true industry innovators who believe that by sharing
information and working together each can move the industry forward and empower
consumers to build financial prosperity," said Kimberly Gartner, CFSI Associate
Director. "This opportunity for these leaders from a cross-section of the
financial industry to sit at one table and discuss the major issues facing
consumers today is critical both to accelerating their own strategies and to
ensuring underbanked consumers have access to high quality financial products
and services."

As part of the agenda, Susan Ehrlich, Senior Vice President & President of Sears
Financial Services, will provide a keynote on the current macro economic
environment, its impact on Sears` customers and how the company is addressing
their needs in line with the company`s history and mission. Also scheduled is
Bill Satchell, Partner at O`Melveny's Washington, DC office and a member of the
Firm`s Securities Enforcement and Regulatory Counseling Practice, who will
discuss implications of impending regulatory changes. Finally, the non-profit
credit counseling organization Take Charge America and Goalspring, the creators
of the first free online debt management service DebtGoal.com, will share their
individual findings in developing innovative debt management tools designed to
help consumers better manage their debt.

In addition to formal twice-yearly meetings, roundtable participants cooperate
on projects determined by the group and assisted by CFSI staff. Participating
organizations make a multi-year commitment, including a financial contribution.
More information about the Roundtables and other CFSI initiatives can be found
at www.cfsinnovation.com.

About CFSI:

The Center for Financial Services Innovation is the nation`s leading authority
on financial services for underbanked consumers. Since 2004, its programs have
focused on informing, connecting, and investing - gathering enhanced
intelligence, brokering and supporting productive industry relationships, and
fostering best-in-class products and strategies. A non-profit affiliate of
ShoreBank Corporation, CFSI works with leaders and innovators in the business,
government and non-profit sectors to transform the financial services landscape.
For more on CFSI, go to www.cfsinnovation.com.

Lorie Bonham
Communications Manager, CFSI
T: 312-881-5807/312-860-1022
lbonham@cfsinnovation.com
www.cfsinnovation.com

Copyright Business Wire 2009