CFS Research Fellow and Professor of Economics at the University of Connecticut, Stephen Ross, along with his co-authors Weiran Huang of the Department of Finance in NYC and Ashlyn Nelson from Indiana University Bloomington, have released a working paper and policy brief that examine the spillover effects of foreclosure within broad neighborhoods.
Jirs Meuris, Assistant Professor in the Management and Human Resources Department at Wisconsin School of Business, provides expertise based on his extensive research on financial stress and worker productivity. Meuris discussed his studies, and as well as the broader organizational effects, showing that the more worried employees were about their personal finances, the more accident- and error-prone they were in their work. Meuris was interviewed on NPR’s Marketplace, The Atlantic, and Wiscosnin Public Radio. Links to media coverage:
- The Atlantic, Yet Another Reason to End the Shutdown
- Marketplace on NPR, When it was supposed to be payday
- Wisconsin Public Radio, Government Shutdown Highlights Organizational Costs Of Financial Insecurity
In their recently published Housing Policy Debate article, co-authors Stephen Ross and Marsha Courchane present an overview of the research on discrimination in mortgage underwriting and pricing, the experiences of minority borrowers both prior to and during the financial crisis, and federal efforts to mitigate foreclosures during the crisis. They discuss the history of legal cases alleging disparate treatment of minority borrowers, and recent cases alleging disparate impact in the wake of the Supreme Court’s Inclusive Communities decision. Using these discussions as a background, Ross and Courchane examine and discuss mortgage regulations issued by the Consumer Financial Protection Bureau following the financial crisis, describe recent developments in the FinTech industry and explore the implications for fair lending policy and minority borrowers more generally. The authors draw conclusions and make recommendations for improving the mortgage market outcomes of minority borrowers and increasing minority borrowers’ access to credit.
With 50 faculty affiliates across departments at UW-Madison, as well as 45 fellows at other institutions throughout the nation, The Center for Financial Security is pleased to provide a platform for sharing some of the most exciting and innovative early stage research in the household finance realm. Researchers will present from such disciplines as consumer science, sociology, business, economics, finance, public policy and administration, marketing, risk and insurance, accounting, library sciences, public health, mass communications, engineering/computer science, social psychology and other fields.
Family Living Educator
UW-Extension Walworth County
Areas of Practice:
- Helping communities respond to issues such as childhood obesity, financial security, and aging.
- Providing leadership for policies that help children, youth and families succeed.
- Increasing knowledge about parenting, health and nutrition.
- Offering consumers and families more strategies for managing their money.
- Reaching out to diverse families with education and resources.
- Using cost effective approaches to reduce negative family issues and build more resilient families.