Personal Money Management - Student Affairs - University of Utah

Historical and Current Trends in Consumer CreditDescription: This event was sponsored by the Family and Consumer Studies department and thePMMC. Doctor Robert Manning is an expert in consumer finance and the author of “Credit CardNation.” He spoke about how credit has changed since the 1980 when we had three credit cardsto choose from. Today, there are hundreds of credit cards; there are debit cards, and various otherstored value cards and gift cards. Credit reports began in 1995 and have become so importantthey dictate what percentage rate we are paying on loans, what we pay for insurance, and used todetermine employment.Robert D. Manning is Research Fellow at the FILENEInstitute, past Director of the Center for ConsumerFinancial Services at Rochester Institute ofTechnology, and founder of the Responsible DebtRelief Institute.Author of the widely acclaimed CREDIT CARDNATION (Basic Books, 2000), which received the2001 Robert Ezra Park Award for OutstandingContribution to Sociological Practice, Dr. Manning isa specialist in consumer finance, financial education,retail banking deregulation, race and ethnic studies,and globalization. His collaboration with MichaelHudson, "Banking on Misery," received theprestigious 2003 George K. Polk Award forinvestigative journalism and the 2004 Harry ChapinAward for Poverty Research while his path breakingstudy, "Credit Cards on Campus," received the 2000Morris Rosenberg Research Award from the Districtof Columbia Sociology Society.16