This closed door, off-the-record EPIC convening on consumer debt brought together a cross-sector group of experts including financial services providers, nonprofit leaders, policy analysts, and consumer advocates for a series of discussions on the financial security challenges associated with consumer debt and opportunities to solve those problems.
The group identified and deliberated on a wide range of challenges, including cultural pressures to spend, macroeconomic risks, individual behavior, and problems that consumers face at different phases of the credit and debt life-cycle. The group also discussed and prioritized a range of potential solutions, identifying opportunities for financial institutions, nonprofit organizations, employers, governments, and other actors to advance these solutions.
EPIC staff shared and received feedback on a draft solutions framework, which will facilitate revising and finalizing the framework in Fall 2018 and guide EPIC’s work throughout the Solutions Development and Acceleration phases of the process.
1. Converge around a set of consumer debt problems to prioritize solving.
2. Converge around a series of solutions that provide actors and institutions in every sector with opportunities to engage.
3. Strategize about how engage a multi-sector group of leaders and innovators
To learn more about EPIC’s work on consumer debt, download our primer.