March 19th – 22nd, 2017
Tentative Schedule of Activities
Capitol Hill Briefing: Urban Financial Services Coalition has invited members of the Congressional Caucus, House Committee on Financial Services and Governmental Leaders to discuss key concerns in the financial services industry and their impact on communities of color.
Community Roundtable Discussion: Urban Financial Services Coalition has invited leaders of community groups to discuss the issues and challenges financially impacting the African American community from local, regional and national perspective. Each organization is charged with sharing their perspective on the top financial issues facing the African American community, what their organization is doing to address the issue and how other organizations can collaborate with them.
Networking Dinner at Georgia Brown’s: Georgia Brown’s restaurant is a Washington D.C. favorite for visitors and natives of the Washington D.C. Chef Bryan Yearly, Georgia Brown’s Executive Chief, brings the together the cooking influences of Africans, the French Huguenots and the Sephardic Jews from Portugal and Spain to provide attendees a uniquely diverse and history rich southern cuisines to enjoy while networking. **Attendees are responsible for their own transportation to dinner and the cost of dinner.**
Smithsonian National Museum African American History & Culture Tour: The National Museum of African American History and Culture is the only national museum devoted exclusively to the documentation of African American life, history, and culture. It was established by Act of Congress in 2003, following decades of efforts to promote and highlight the contributions of African Americans. To date, the Museum has collected more than 36,000 artifacts and nearly 100,000 individuals have become charter members. The Museum opened to the public on September 24, 2016, as the 19th and newest museum of the Smithsonian Institution.
White House Briefing: Urban Financial Services Coalition, White House Officials and Trump Administration officials will participate in a briefing for African American Financial Professionals. The briefing will feature top African American financial professionals, who will participate in a discussion on how the Administration is addressing key issues of concern within the financial services industry and communities of color and how financial professionals can partner with the administration to make progress in the African American communities.
Tentative Event Schedule:
Sunday, March 19, 2017
2:00 pm Smithsonian National Museum African American History & Culture Tour (Registered Attendees Only)
6:00 pm Networking Dinner at Georgia Brown’s
Monday, March 20, 2017
Session will take place Capitol Hill Visitor Center, First St SE, Washington, DC 20515
8:30 am – 9:15 am 2017 and Beyond Economic Outlook – Each Urban Financial Services Coalition Briefing for Financial Professionals presents an economic outlook that highlights trends, speak to issues affecting economy and garner wisdom from leaders in the field to look ahead at the key economic trends in the local, national, and global economies and break them down for you, your company and or the business you own.
9:30 am – 10:15 am “Diversity Management: Trends and Practices in the Financial Services Industry and Agencies after the Recent Financial Crisis”
Speaker, Daniel Garcia-Diaz, Director, Financial Markets & Community Investment, U.S. Government Accountability Office
10:15 am – 10:35 am “GAO Reports: There’s Now an App for That”
Speaker, Senior Analyst U.S. Government Accountability Office
10:45 am – 12:00 pm Opportunities and Challenges Facing Minority Financial Advisors: The country’s demographics are changing. Non-whites currently make up over one-third of the U.S. population and are expected to account for about 40% by 2025, according to the U.S. Census Bureau. The African-American market for financial services is also growing. Despite a lingering “wealth gap” compared with white Americans, median weekly earnings for black Americans over 25 years old have risen 33% in the past 14 years, according to the U.S. Bureau of Labor Statistics. The African-American market is estimated to have close to $1 trillion in spending power and 9 million African-American baby boomers are expected to retire within 20 years. Even though there is a lot opportunity in communities of color, there is a serious shortage in the supply of minorities’ financial professionals to harvest this opportunity. According to the U.S. Census Bureau, minorities including Hispanic and Asian Americans make up about 8% of financial service employees, which includes all manner of jobs in all types of financial service businesses. A panel of industry experts will discuss how organizations and minority professionals can take advantage of opportunities in demographic shifts and overcome the challenges impeding the growth in supply of minority professionals.
12:15 – 1:45 pm Banking Reform Luncheon: New President, New Congress and Regulatory Reform in the Financial Services Industry – In response to the Great Recession, banking reform restructured and reformed regulations for banking, securities, insurance and other areas of the financial services industry. The impact on of the reform has had mixed reviews from the industry, economy and the people/business affected by it. Some say the reform was been essential to the economic recovery and consumer protection and others say the reform have been so burdensome that it has impeded economic growth. The conversations and decisions surrounding this issue will fundamentally affect the future of the financial services industry. This session will allow a diverse group of governmental and industry leaders to have a spirited dialogue with audience to stimulate the mind and expand views on regulatory reform.
2:00 pm – 5:30 pm Capitol Hill Briefings
8:00 am – 5:00 pm Briefing from Government Leaders and Roundtable Discussions at Capitol Hill Visitor Center, First St SE, Washington, DC 20515
5:30 pm – 7:00 pm Evening Reception with the American Bankers Association, Washington Marriott Marquis, Washington, D.C. (Registered Attendees Only)
Tuesday, March 21, 2017
8:30 am to 9:30 am Technology Roundtable
9:45 am to 10:45 am Housing Roundtable
11:00 am to 12:00 pm Access to Capital Roundtable: The growth of the economy was a major issue during the election and now that a new administration is place there is strong emphasis growing companies. Some people believe that without access to capital, spending cannot occur to drive growth. In this session, the panelist will discuss some of the proposed changes that the Trump Administration and Congress are considering and it’s possible impact businesses ability to access debt/equity capital and public finance.
12:15 pm – 1:45 pm Lesson from Leaders Luncheon: “The Next Big Diversity Opportunity – Unconscious Bias” More than half a century ago, author Sloan Wilson described a world of corporate conformity in a popular novel, “The Man in the Gray Flannel Suit.” A collection of empire builders and yes-men – all with similar backgrounds and ways of thinking – created a dreary culture of sameness that nearly led to a disastrous decision in the executive suite. That world, increasingly, is disappearing. Today, just as racial boundaries are eroding in the “U.S. melting pot,” so are cultural, gender and sexual barriers weakening in the workforce. Yet in many ways, the journey has only begun. Even in companies with diverse workforces, the members of the dominant group tend to have more influence and face fewer barriers to recruitment and advancement than others. There are still areas in which the idea of workforce Diversity and Inclusion has made few inroads, either because of cultural barriers or the lack of critical mass of representatives of diverse groups. Lately the concept of unconscious bias or “hidden bias” has come to the forefront of the diversity conversation. Over 1,000 studies in the past 10 years alone have conclusively shown that if you are human, you have bias, and that it affects almost every variation of human identity: Race, gender, sexual orientation, body size, religion, accent, height, hand dominance, etc. The question is not “do we have bias?” but rather “which are ours?” What can we do about it? How can we hire, retain, and develop the best people and make the best decision in running our organizations, if we are not even aware of the forces dominating the choices we make?
2:00 pm – 3:30 pm Community Roundtable Discussion
3:45 pm – 4:30 pm Closing Plenary Session
3:30 pm – 4:30 pm Closing session
Invited Congressional Leaders:
- Senator Mark Warner – Student Loans Reform Bill
- Senator Robert Menendez – Corporate Diversity Report
- Congresswoman Karen Bass – “The Future of Healthcare in the United States”
- Congresswoman Maxine Waters – Dodd Frank
- Congressman Hank Johnson – Big Data
- Senator Elizabeth Warren – Impact of Trump on Financial Services Industry
- Congressman A. Donald McEachin – US Economy and Job Creation
UFSC Capitol Hill Briefing for African Americans in Financial Services
March 19th – 22nd, Washington DC