Women Executives Push the Consumer Financial Protection Agency on the Hill
Business Women Tell Senators the CFPA is Both Women Consumers and Business Women

Washington, DC – On Tuesday March 2, 2010, a dozen senior women executives from Wall Street and major United States companies will travel to Washington, DC to support the new Consumer Financial Protection Agency. They will make the case that the agency would benefit women, both consumers and business women.

The group, including the founder of 85 Broads, co-founder of Global Compliance Risk Management Corporation and a former managing director of Goldman Sachs, will tell Congress members that too many women have paid the price for an outdated regulatory system that left our financial system vulnerable to collapse and left consumers without adequate protections.

This group of high powered business women will be meeting with Senators or their staff from the following offices: Senator Charles Schumer, Senator Jeff Merkley, Senator Olympic Snowe, Senator Herb Kohl, Senator Bob Menendez, Senator Tim Johnson, and Sen. Kirsten Gillibrand.

The women executives will be available for interviews throughout the day (please see a sample of bios below). For more information or to schedule an interview, please contact Lauren Weiner, 202-470-5870.

This lobby day is a follow up to a conference held in New York City on January 18, 2010, where over 250 women executives attended to learn about the Consumer Financial Protection Agency and express their support.

These women realize that too many women – both as consumers and in businesses – have paid the price for an outdated regulatory system that left consumers without adequate protections. In particular:

* Women Are at a Higher Risk for Retirement Insecurity. According to research from the National Institute on Retirement Security, “Women remain at a higher risk for retirement insecurity as compared to men.” [National Institute on Retirement Security: Shattering the Retirement Glass Ceiling: Women Need a Three-Legged Stool, 5/7/2009, Reuters, 5/7/2009]

* Although Women Make Up 30% of Borrowers For Mortgages of All Types, according to a 2006 Study, They Make up 38.8% of Borrowers with Subprime Loans-a 29.1% Overrepresentation. Women were 32% more likely to have received subprime mortgages of all types than men, regardless of income. About a third (32%) of all women received subprime, mortgage loans of all types compared to about a quarter (24.2%) of men.

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Janet Hanson: Widely respected as a leading entrepreneur, Janet Hanson is recognized as a unique voice and champion for women globally. As CEO and Founder of 85 Broads, Janet has built a global network community of 20,000 trailblazing women who want to leverage their best personal and professional relationships to create greater success for themselves and each other. From 2004 to 2007, Janet was a Managing Director and Senior Adviser to the President of Lehman Brothers.
Deborah Buresh Jackson: An investment banker with over 25 years experience on Wall Street including ten years as Managing Director at Goldman, Sachs & Co. where she advised clients in the health care sector on capital markets and financing options. She was Vice Chair and member of the Executive Committee and a director at the Citizens Budget Commission – a NY Business Executives Board which monitors the fiscal affairs of NYC and NY State.

Jean W. Solomon: One of the top women real estate executives in the U.S. who has held C-level positions with major firms such as Hyatt Hotels and Starwood Hotels and Resorts. Extensive hands-on development and leadership experience in markets across the US and overseas.

Jennifer S. Myers is a Managing Partners and Co-Founder of Global Compliance Risk Management Corporation, a compliance risk management consulting firm that provides regulatory analysis and strategic advice to financial services organizations and institutions. Jennifer worked for the Chief Compliance Officer at Lehman Brothers and served as counsel to several other leading investment banks on corporate compliance and related broker-dealer issues.