Mark Winston Griffith
New Alliance Launches Campaign against Abuses in the Lending Industry
Tomorrow, Tuesday, March 6, Americans for Fairness in Lending (AFFIL), a "a new alliance of the nation's leading consumer, civil rights, faith-based, non-partisan and grassroots organizations concerned about Americans overburdened by high-cost consumer debt" will launch its campaign "to shine a spotlight on and end rampant abuses of consumers by the lending industry".
The launch includes a panel conversation featuring, among others, my colleague Sarah Ludwig. Later in the evening there will be a screening of a great new documentary, Maxed Out, which "shows how the modern financial industry really works, explains the true definition of 'preferred customer' and tells us why the poor are getting poorer and the rich getting richer". Hopefully it will do for the credit industry what Super Size Me and Fast Food Nation did for the fast food industry.
All Welcome! Details After the Jump.
A Day On Debt
The Launch of Americans for Fairness in Lending
Tuesday, March 6, 2007
Part One:
Americans for Fairness in Lending and Demos present
Engaging the Public: Six Principles of Fairness in Lending
A forum discussion on lending abuses, featuring:
-George McCarthy, Ford Foundation
-Barbara Ehrenreich, Author Bait and Switch, founder United Professionals
-Tamara Draut, Demos
-Sarah Ludwig, Neighborhood Economic Development Advocacy Project
-Eric Rodriguez, National Council of La Raza
-Elizabeth Warren, Professor, Harvard Law School
-Marva Williams, Woodstock Institute
Where:
Demos
220 Fifth Avenue, Fifth Floor
New York City
When: 12:30 to 2:00 PM
Part Two:
Special Advance Screening of Maxed Out
This daring documentary shines a harsh spotlight on the
deliberate and devastating tactics of today's lending industry in America.
Q&A with filmmaker James Scurlock will follow.
Where:
The Concert Hall
New York Society for Ethical Culture
21 West 64th Street at Central Park West
New York City
When: 6:30 to 8:30 PM
RSVP to march6@affil.org
or 1.866.45.AFFIL.
Please specify Forum and/or Screening in your reply.
Mark Winston Griffith: Author Bio | Other Posts
Posted at 12:37 PM, Mar 05, 2007 in
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Comments
Any chance (pretty please) some or all of Part I can be taped and YouTubed? Cherry on top?
Posted by: Austin Evers | March 5, 2007 05:52 PM
Austin-
I sure hope so. There was a nice fellow standing behind me yesterday with a video camera, so maybe we can look for clips on the DEMOS website sometime soon.
I can give you a very brief quick hits list from yesterday, though. Elizabeth Warren may be the best public speaker I've ever seen; she completely eviscerated the myth that people are trapped in cycles of credit card debt because they are frivolous consumers who buy too may luxury products. She showed instead that people are paying much less now for clothing and food than they did 50 years ago, and instead struggling to keep up with skyrocketing housing and health care costs.
Marva Williams and Sarah Ludwig spoke about the on-the-ground status of predatory lending, mortgage foreclosure rates, and spiraling debt in communities of color in NYC and Chicago and Tamara Draut called on government to reign in this market of defective products.
Until the clips are up on YouTube, I would totally recommend Maxed Out.
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