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Board of Governors of the Federal Reserve System
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Federal Reserve Board of Governors


Media contact: Susan Stawick, 202-452-2955

Monday, March 24, 2014


Registration and  Breakfast

9 a.m.

Welcoming Remarks

  • Jeremy C. Stein, Governor, Board of Governors of the Federal Reserve System
9:15 a.m.

Conversation with Industry Leaders

  • John Hamilton, City First Enterprises
  • Chance Barnett, Crowdfunder
  • Hosted by Anna Alvarez-Boyd, Federal Reserve Board of Governors

10 a.m.

The Existing Landscape: A Discussion of Current Crowdfunding Models

  • Justin Conway, Calvert Foundation
  • Jeannine Jacokes, Partners for the Common Good
  • Ben Miller, Fundrise
  • Ron Suber, Prosper
  • Jase Wilson,
  • Moderated by Claire Kramer, Federal Reserve Bank of New York

11:30 a.m.

Facilitated conversation, part 1

  • What types of crowdfunding are right for whom? 
    • What can we learn from existing models? 
    • What will be the real costs of crowdfunding capital? 
  • Is there a need to create new platforms for CDFIs/mission-based organizations, or would it be better to work through existing platforms?

1:15 p.m.

Facilitated conversation, part 2

  • What are the regulatory issues for regulated institutions that set up platforms?
    • Are there fair lending considerations?  Disparate impact?
    • Could there be CRA implications for banks that invest in mission-oriented crowdfunding?
  • What statistics and data are needed to better understand crowdfunding and its potential for community development finance?
  • What technical assistance will community development corporations and CDFIs need to access crowdfunding?
  • How can the existing tech infrastructure better accommodate or be accessible to community development?

2:15 p.m.

Wrap-up, Closing

Last update: March 16, 2017