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CFLP welcomes Kathryn Dominguez as new co-Faculty Director
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The Center on Finance, Law & Policy (CFLP) welcomes international economist Kathryn Dominguez as its new co-faculty director. Professor Dominguez joins Ross School of Business assistant professor Jeremy Kress as co-director. She replaces CFLP founder Michael Barr, who was confirmed to the Federal Reserve Board of Governors as Vice Chair for Supervision in July.
Professor Dominguez is a professor of public policy and economics. She joined the University of Michigan in 1997 and is on the faculties of the Ford School of Public Policy and the Economics Department. Her research studies international financial markets and macroeconomics. (Read more)
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CFLP founder Michael Barr departs for
Federal Reserve Board
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On July 19th, Michael Barr was sworn in as Vice-Chair for Supervision and Governor of the Federal Reserve Board. Professor Barr was confirmed in a vote of 66-28 in the Senate. He has taken a leave of absence from U-M, retaining his faculty appointments in policy and law, and plans to return to the faculty after serving his term on the Federal Reserve Board of Governors.
Professor Barr's appointment marks the second departure of a CFLP co-faculty director to public service in just over a year: former co-faculty director Adrienne Harris became the State of New York's top financial regulator in 2021.
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September 8 Blue Bag Lunch Talk:
Race Differences in Insiders' Access to Information
Jeffries Hall, Room 1060
Ross School of Business professor Nejat Seyhun kicks off our monthly lunch talk series, which are back to in-person, by sharing results from his investigation into insider trading behavior across racial lines. Read more about Prof. Seyhun's talk and register here. The full schedule of CFLP blue bag lunch talks for this academic year is posted on our website.
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CFLP convening: Fair Chance Lending project
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Pictured from left to right: Professor JJ Prescott (Law), Professor Emmanuel Yimfor (Ross), and Toni Meyers-Douglas (CCRC)
Over the summer, the Center on Finance, Law & Policy partnered with the U-M Center for Racial Justice and Michigan Law to welcome board members from the Collateral Consequences Resource Center for a planning meeting related to a new research project called Fair Chance Lending. Led by Prof. JJ Prescott (Law School), the project seeks to understand what obstacles exist for entrepreneurs with criminal records, and develop policies and recommendations for mitigating those obstacles. Local CDFI lenders Derek Edwards (Invest Detroit) and John Schoeninger (Detroit Development Fund) contributed to researchers' understanding of the issues from a practitioner perspective by joining a panel discussion moderated by Paul Jones (New Economy Initiative).
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We have moved!
The Center on Finance, Law & Policy now has a new office. We are still on the fifth floor but we have moved down the hall to suite number 5317. We are delighted to be sharing a suite with the Center for Racial Justice and Detro Metro Area Communities Study. Stop by sometime - we love to have visitors, and someone is here five days a week!
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Community Tech Workers seeking small business clients
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Above: Detroit Center's Leeah Allen (center) participates in a role playing practice session with Danielle Basemore-Taylor (LSA) (left) and Casey Stoneback (Information) (right).
With assistance from Detroit Center staff members Feodies Shipp III and Leeah Allen, who volunteered their time to serve as "clients" this past July, five Community Tech Workers hired by the University of Michigan and local nonprofit Jefferson East, Inc. completed their training at the U-M Detroit Center this summer. The Community Tech Workers began providing 1:1 technology training and advice to Detroit small businesses in July. In exchange for providing direct training and advice to Detroit small businesses, tech workers are also gathering information about the type, scope, and sophistication of business owners' technology needs. Data collected will be used to design a longer-term model that could be used to embed community tech workers in neighborhoods throughout the City.
The Community Tech Worker project is led by Prof. Kristin Seefeldt (Ford/SSW), Prof. Tawanna Dillahunt (Information), Prof. Julie Hui (Information), Lutalo Sanifu, Aaron Jackson, and Christie Baer. Businesses can sign up for free 1:1 technology services by completing this survey.
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STAMPS interns share their summer internship experiences working with DNEP and Detroit small business clients
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Pictured from left to right: Maggie Cooper (Information), Mercy Kaskorkis (Stamps), Victor Garcia (Stamps), Mark Kava (Ford), Stamps Professor Jill Greene
Students from Penny Stamps School of Art & Design participated in the Detroit Neighborhood Entrepreneurs Project this summer and they shared their experiences in an article for STAMPS. The students spent their summer improving their skill set, collaborating in teams, and working with clients in-person.
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