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Conference: FDIC Consumer Research Symposium

October 12, 2018 @ 9:00 am - 4:30 pm

8th Annual Consumer Research Symposium

The FDIC’s Division of Depositor and Consumer Protection holds a Consumer Research Symposium every fall at its facilities in Arlington, Virginia. The goal of the symposium is to facilitate discussion of recent research on consumers’ capabilities, knowledge, preferences, and experiences in markets for financial products and services, as well as the effects of public policy interventions and new regulations on consumers, households, communities, and financial institutions. The symposium is typically attended by a diverse audience from academia, government agencies, nonprofit agencies, and industry.

Livestream registration link: webcast of the event.


8:00 – 9:00am
Breakfast and Registration
9:00 – 10:15am
Panel 1: Interventions to Improve Financial Behavior

Do Prize-Linked Incentives Promote Positive Financial Behavior? Evidence from a Debt Reduction Intervention

Jeremy Burke, University of Southern California

Sending out an SMS: Two Studies of Overdraft Alerts

Michael Grubb, Boston College
Paul Adams, Andrea Caflisch, Darragh Kelly, and Jeroen Nieboer, Financial Conduct Authority
Matthew Osborne, University of Toronto

Discussant: William Skimmyhorn, College of William and Mary

Moderator: Jeffrey Weinstein, Federal Deposit Insurance Corporation

10:15 – 10:35am
10:35 – 11:50am
Panel 2: Liquidity Shocks and Household Consumption

A Day Late and a Dollar Short: Liquidity and Household Formation among Student Borrowers

Constantine Yannelis, University of Chicago
Sarena Goodman, Federal Reserve Board of Governors
Adam Isen, U.S. Department of the Treasury

Did the ACA’s Dependent Coverage Mandate Reduce Financial Distress for Young Adults?

Vyacheslav Mikhed and Nathan Blascak, Federal Reserve Bank of Philadelphia

Discussant: Cindy Soo, University of Michigan

Moderator: Alicia Lloro, Federal Deposit Insurance Corporation

11:50am – 12:30pm
12:30 – 1:20pm
Distinguished Guest Lecture: (Un)Fairness in Machine Learning

Aaron Roth, Class of 1940 Bicentennial Term Associate Professor of Computer and Information Science, University of Pennsylvania

1:20 – 1:30pm
1:30 – 1:50pm
Chairman’s Remarks

Jelena McWilliams, Chairman, Federal Deposit Insurance Corporation

1:50 – 3:05pm
Panel 3: Mortgage Markets

The Role of Technology in Mortgage Lending

Matthew Plosser and James Vickery, Federal Reserve Bank of New York
Andreas Fuster, Swiss National Bank
Philipp Schnabl, New York University

Paying too Much? Price Dispersion in the U.S. Mortgage Market

Aurel Hizmo and Neil Bhutta, Federal Reserve Board of Governors
Andreas Fuster, Swiss National Bank

Discussant: John Mondragon, Northwestern University

Moderator: Ryan Goodstein, Federal Deposit Insurance Corporation

3:05 – 3:25pm
3:25 – 4:40pm
Panel 4: Consumer Decisionmaking

The Costs of Financial Mistakes: Evidence from U.S. Consumers

Adam Jørring, Boston College

Interest Rates: Prices Hidden in Plain Sight

Mary Zaki, University of Maryland

Discussant: Daniel Grodzicki, Pennsylvania State University

Moderator: Nick Frazier, Federal Deposit Insurance Corporation

4:40 – 5:45pm
Closing Remarks and Reception


FDIC Seidman Center
3501 Fairfax Drive
Arlington, Virginia 22226 United States