Agenda

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Wednesday, December 6, 2017

Open Only to Supervisory Staff of Regulatory Agencies

8:00 a.m.–8:45 a.m.

Continental Breakfast and Registration

8:45 a.m.–9:00 a.m.

Introduction

Paul Calem, Federal Reserve Bank of Philadelphia

9:00 a.m.–9:30 a.m.

State of the Credit Cards Industry

Stephen Lake, Federal Deposit Insurance Corporation

9:30 a.m.–10:30 a.m.

Valuation of Credit Cards Portfolios

Vivienne Cheng and Kapo Yuen, Federal Reserve Bank of New York

Onesime Epouhe, Federal Reserve Bank of Philadelphia

Session Chair: Geng Li, The Board of Governors of the Federal Reserve System

10:30 a.m.–10:45 a.m.

Break

10:45 a.m.–12:00 noon

Analyzing Exposure at Default in Revolving Portfolios — Regulatory and Risk Perspectives

Raymond Brastow, Federal Reserve Bank of Richmond

Liming Brotcke, Federal Reserve Bank of Chicago

Gene Huang, Federal Reserve Bank of Philadelphia

Session Chair: Eduard Pelz, Federal Reserve Bank of Chicago

12:00 noon–1:00 p.m.

Lunch

1:00 p.m.–2:00 p.m.

Analysis of Fraud and Other Sources of Credit Cards Losses

Stephen Lake and Brian Capsavage, Federal Deposit Insurance Corporation

Paul Calem and Silvio Rendon, Federal Reserve Bank of Philadelphia

Session Chair: Shuwei Ma, Federal Reserve Bank of New York

2:00 p.m.–2:45 p.m.

Panel Discussion: Large Banking Organizations Challenges and Opportunities

James L. Adams, Federal Reserve Bank of Philadelphia

Piu Banerjee, Federal Reserve Bank of New York

Christine Townsend, Federal Deposit Insurance Corporation

Panel Chair: Raymond Brastow, Federal Reserve Bank of Richmond

2:45 p.m.–3:15 p.m.

Break

3:15 p.m.–4:30 p.m.

Empirical Applications in Banking and Surveillance

Jing Chen, Federal Deposit Insurance Corporation

Arden Hall, Jason Keegan, and Yuh-jeng Lee, Federal Reserve Bank of Philadelphia

Session Chair: Andy Kish, Federal Reserve Bank of Philadelphia,
presenting with Vivienne Cheng, Federal Reserve Bank of New York

4:30 p.m.–5:30 p.m.

Roundtable: Emerging Issues in Credit Cards Supervision

Richard Murphy, Federal Reserve Bank of Richmond

Matthew Engelhart, Office of the Comptroller of the Currency

Daniel Grantham, The Board of Governors of the Federal Reserve System

Stephen Lake, Federal Deposit Insurance Corporation

Panel Chair: Kenneth Benton, Federal Reserve Bank of Philadelphia

5:30 p.m.–5:35 p.m.

Closing Remarks

5:35 p.m.–7:00 p.m.

Reception, Eastburn Court (First Floor)
Introduction to the Consumer Finance Institute


Robert Hunt, Federal Reserve Bank of Philadelphia

Thursday, December 7, 2017

7:45 a.m.–8:15 a.m.

Breakfast and Registration

8:15 a.m.–8:30 a.m.

Introduction

Patrick T. Harker, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia

8:30 a.m.–9:00 a.m.

Credit Cards Performance Trends

Cristian de Ritis and Evan Andrews, Moody’s Analytics

9:00 a.m.–10:00 a.m.

Regulation of Cards Credit

The Effect of Debt Collection Laws on Access to Credit
Ryan Sandler, Consumer Financial Protection Bureau

Private Information and Price Regulation in the U.S. Credit Card Market
Session Chair: Scott Nelson, Consumer Financial Protection Bureau

10:00 a.m.–10:15 a.m.

Break

10:15 a.m.–11:15 a.m.

Access to Credit

Personal Loans and Credit Cards
Claude Lawrence, Mintel

Monthly Payment Targeting and the Demand for Maturity
Session Chair: Taylor D. Nadauld, Brigham Young University

11:15 a.m.–12:00 noon

Panel Discussion: Advances in Methods and Data
Panel Chair: Kapo Yuen, Federal Reserve Bank of New York

Ethan Dornhelm, FICO Scores and Predictive Analytics

Akhtarur Siddique, Office of the Comptroller of the Currency

Seph Mard, DataRobot

Alexey Smurov, Capital One

Mike Trapanese, VantageScore Solutions

12:00 noon–1:00 p.m.

Lunch, Eastburn Court (First Floor)

1:00 p.m.–2:00 p.m.

Impact of Technological Innovation

Insights on Latest Innovations in Credit Scoring
Ethan Dornhelm, FICO Scores and Predictive Analytics

Fintech Adoption Across Generations: Financial Fitness in the Information Age
Session Chair: Michaela Pagel, Columbia University

2:00 p.m.–3:00 p.m.

Roundtable: Credit Card Lending — Challenges and Opportunities

Cristian de Ritis, Moody’s Analytics

Robert Hunt, Federal Reserve Bank of Philadelphia

Moshe Orenbuch, Credit Suisse

Paul Calem, Federal Reserve Bank of Philadelphia

Panel Chair: Richard Murphy, Federal Reserve Bank of Richmond

3:00 p.m.–3:15 p.m.

Break

3:15 p.m.–4:45 p.m.

Behavioral Economic Applications to Revolving Credit

Credit Card Utilization and Consumption over the
Life Cycle and Business Cycle

Scott Fulford, Consumer Financial Protection Bureau

The Power of Predictability
Judith Ricks, Consumer Financial Protection Bureau

Revolving Credit: Shrouded by Construction
Session Chair: Mary Zaki, University of Maryland

4:45 p.m.–5:30 p.m.

Empirical Methods and Machine Learning Applications

Exposure at Default Models With and Without the Credit Conversion Factor
Edward Tong, Bank of America

Machine Learning Automation for Model Development and Validation
Session Chair: Seph Mard, DataRobot

5:30 p.m.–5:35 p.m.

Closing Remarks