Dear Community Partner,

Wealth can provide countless opportunities—paying for an education without student loans, buying goods without needing financing, and building a retirement nest egg, for example. Unfortunately, wealth is unequally distributed by race in the United States, and several key factors (disparities in credit reporting and scoring, student loans and other debt, predatory lending practices, etc.) exacerbate this vicious cycle of wealth inequality. These disparities in debt, compounded by income inequality, hinder upward mobility for many in communities of color.

Join Consumer Action on Tuesday, July 18, for a train-the-trainer webinar on "Disparities in Debt: Making a case for economic equity.” This free 90-minute training will explore how various types of debt can impact certain households and fuel the wealth gap in the United States, and will also examine economic cases that offer an analytical framework for understanding the impact economic equity can have on our economy.

Dr. William Rodgers III, vice president and director of the Institute for Economic Equity at the Federal Reserve Bank of St. Louis; Shehryar Nabi, senior research associate at the Aspen Institute Financial Security Program; and Adam Ruege, director of strategy and evaluation at Community Solutions, will headline the webinar. 

This webinar will cover the following:

• Why households of color are disproportionately likely to hold harmful debt
• How fees, fines and speeding tickets help keep people impoverished
• How discrimination in credit reporting and scoring has led to disparities in debt
• How disparities in debt collection practices can impact a household's financial health and ability to build wealth
• Racial disparities in rental and utility debt and its impact on homelessness
• How achieving household income equity could generate billions of dollars for our economy, likely creating more housing, goods and services for all consumers

AFC professionals can earn 1.5 CEUs for participation in this free 90-minute webinar.

Click here to register for the "Disparities in Debt: Understanding the case for economic equity” webinar on Tuesday, July 18, at 10:00 a.m. PT (11:00 a.m. MT; noon CT; 1:00 p.m. ET).

If you have questions for our guest speakers, please send them to me by July 13. We want to hear from you! Also, please email me any questions regarding the webinar.

We look forward to your participation.

Sincerely,

Linda Williams
Community Outreach and Training Manager
Consumer Action

Consumer Action presents this webinar with funding from Wells Fargo.