The Oklahoma City Branch of the Federal Reserve Bank of Kansas City invites community leaders to a video cast research seminar on the potential effects of payday lending restrictions. This seminar highlights the recent research conducted by Community Affairs Senior Economist Kelly Edmiston entitled, "Could Restrictions on Payday Lending Hurt Consumers?" This research provides new empirical evidence on the potential benefits and costs to consumers of restricting payday lending.

The program will include a keynote address by research author Kelly Edmiston and a panel discussion featuring Darrin Andersen, president of QC Holdings which offers short-term loans in over 550 branch locations nationally, and Josh Frank, senior researcher with the Center for Responsible Lending. The program will be video cast to other District offices and sites throughout the country.
RSVP to to Annette Phillips at Annette.F.Phillips@kc.frb.org or 405-270-8464 by Wednesday, May 18. There is no cost to attend but registration is required.

Date: Tuesday, May 24, 2011 2:00 to 4:00
Time: 2:00 to 4:00 p.m. (CST)
Address: Oklahoma City Branch, Federal Reserve Bank of Kansas City, 226 Dean A. McGee Ave., Oklahoma City, OK