Financial experts, practitioners and academics came together in April 2010 to the first major event hosted by the Center for Financial Security, a symposium “Family Financial Security: Implications for Policy and Practice,” sponsored by American Family Insurance with additional support from Summit Credit Union and CBM Credit Education Foundation, Inc. The Center is housed within the University of Wisconsin-Madison School of Human Ecology.
“Advancements in counseling the public to safeguard their own financial security have tremendous implications for consumers.”
Lisa Bacus, American Family’s vice president of marketing
“Advancements in counseling the public to safeguard their own financial security have tremendous implications for consumers,” said Lisa Bacus, American Family’s vice president of marketing. “American Family supports the Center’s efforts to share key research points in a format that is readily understood and applicable to the work of practitioners in the financial services realm.”
One of the four panels convened at the symposium focused on credit selection and use and how consumers form expectations and perceptions of risk, cost and consequence of credit use. Presenters included representatives from the Federal Reserve Banks of Chicago and San Francisco and Columbia University. The panel was chaired by John Hoffmire, director of the Center for Business and Poverty at UW-Madison. The symposium was an opportunity to introduce the Center and its platform for applied research to the financial and academic community outside Madison.