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Agenda

Tax Time Asset-Building Innovations

September 23, 2010 3-4:30 p.m.

Room: Virginia B

Levi Strauss Foundation

This session is sponsored by Levi Strauss Foundation.

In this session, presenters will illustrate how policy and practice innovations in recent years have helped tax time become a critical asset-building moment for many low-income individuals and families. Participants will learn how leadership in the public and private sectors has lead to the creation and delivery of unique products and services designed to help low-income people save and build wealth. Participants will further learn about the complex infrastructure needed to deliver these innovations at scale and explore new policy and practice innovations that will further advance the field of tax time asset-building innovations.

Speakers

  • Melissa Koide, Center for Financial Services Innovation - Moderator
    Melissa Koide is policy director for the Center for Financial Services Innovation. In this position, Ms. Koide leads CFSI’s policy efforts to provide national leadership on financial services policies affecting lower income, underbanked consumers. CFSI’s policy agenda is focused on five areas: ensuring underbanked consumers’ transation, savings, and credit needs are addressed through federal policies; developing federal policy proposals to address the small dollar credit needs of underserved consumers; promoting a prepaid debit card for millions of underbanked consumers on the federal income tax form; and tackling policy impediments preventing consumer access to financial products and services. To implement the policy agenda, Ms. Koide engages key stakeholders, including national partners, nonprofits, and the financial services industry. Under her direction, CFSI is embarking on a new policy initiative to enhance consumers’ access to reasonably priced financial services and to educate policymakers about low income consumers’ financial services needs.
  • Joshua Wright, U.S. Department of the Treasury, Financial Institutions Fund
    Joshua Wright is director of Financial Access Innovations at the US Department of the Treasury and provides support to the Assistant Secretary for Financial Institutions and Deputy Assistant Secretary for Financial Education and Financial Access on the development and implementation of policies and initiatives to promote the development, availability, and use of affordable, appropriate financial products and services for individuals, especially low, moderate, and middle-income Americans who are not fully in the nation's financial mainstream. Mr. Wright has extensive experience in the non-profit and for profit sector in financial services, new business development, and business strategy. He holds a BA from Wesleyan University and a MBA from the Yale School of Management.
  • Cathleen Mahon, New York City Office of Financial Empowerment
    Cathleen Mahon is the deputy commissioner for financial empowerment at the New York City Department of Consumer Affairs and oversees the Office of Financial Empowerment (OFE). OFE administers a network of one-on-one financial counselors, negotiated safe and affordable banking products to reach the unbanked, tests innovative asset building efforts and protects New Yorkers with low incomes from predatory practices. Ms. Mahon previously directed the Asset Funders Network, a network of grant makers dedicated to helping individuals and families with low incomes build assets. She has worked as a private consultant for high-profile policy and research organizations such as the Aspen Institute in Washington D.C., as well as grassroots community organizations and government agencies, including the National Federation of Community Development Credit Unions (NFCDCU), U.S. Department of Health and Human Services, and the Neighborhood Economic Development Advocacy Project, among others. Ms. Mahon earned a Bachelors degree from Duke University and a Masters in City Planning from the Massachusetts Institute of Technology, where she specialized in research of large-scale micro finance organizations in the United States and Latin America.
  • Preeti Mehta, D2D Fund
    Preeti Mehta is director of evaluation for D2D Fund. Preeti currently leads the Savings Bond work at D2D and created the original design for the Prize-Linked savings project "Save to Win" in Michigan. Prior to joining D2D, Preeti was a management consultant in the private and nonprofit sectors, first with PricewaterhouseCoopers Management Consulting Services and then as a self-employed consultant, specializing in business process design, operations improvement and strategic planning. Her private sector clients included a range of Fortune 500 companies in several industries. In her capacity as consultant to the nonprofit sector, She also served on the Board of a Low Income, Community Development Credit Union and on the Boston EITC Coalition's Steering Committee. Prior to her consulting career, Preeti worked at GTE Laboratories in Waltham, MA. She holds a Master of Science in Mathematics from Virginia Tech, in Blacksburg, VA, and a Bachelor of Science in Mathematics from St. Xavier’s college, Mumbai, India.

Resources

Preeti Mehta - pdf presentation

Cathleen Mahon - pdf presentation

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