The Frederick Fisher Memorial Program is held in conjunction with the American Bar Association's Consumer Financial Services Committee at the spring meeting of the Business Law Section. The Program format consists of a panel debate among
leading consumer advocates, regulators and finance industry representatives on a topical issue in consumer finance. The lively, informative presentation is moderated by a CCFL member.
The program is open to CCFL members and registrants at the ABA Business Law Section Spring meeting.
The Fisher Memorial Program was held on April 11, 2014 at the Spring Meeting of the ABA Business Law Section in Los Angeles, California.
The topic was “Credit for the Next Generation of Young Consumers: Too Little, Too Much, Too Confused?”
The program covered the unique financial services issues that will confront the next generation of consumers. As young people enter the workforce after completing education, how will they handle the mountain of student loan debt facing them in a still uncertain job market? What access to credit will they have as new consumers? How will their shopping trends and expectations about access to credit change the credit industry? And what are the unique challenges and issues confronting this generation, and how should government and industry respond?
The moderator was John R. Chiles, Partner, Burr & Forman LLP, Ft. Lauderdale, FL.
The panelists were:
- Nick Bourke, Director, Small Dollar Lending, The Pew Charitable Trusts, Washington, DC
- Mallory Duncan, Senior Vice President and General Counsel, National Retail Federation, Washington, DC
- Meghan Stringer Musselman, Partner, Hudson Cook LLP, Hanover, MD
- Jeffrey I. Langer, Assistant Director, Office of Installment Lending and Collections Markets, Bureau of Consumer Financial Protection, Washington, DC
- Arjan Schütte, Managing Partner, Core Innovation Capital, Los Angeles, CA
Frederick Fisher gained international fame as a young associate at Hale & Dorr L.L.P in Boston when his name was unjustly besmirched by Senator Joe McCarthy in the first nationally televised hearings by a congressional committee. It was this attack that triggered the famous "Have you no shame, sir" speech in defense of Fred by Hale and Dorr partner, Joe Welch, who was representing the United States Army in the hearings. This speech on national television resulted in resounding applause by the Senate Gallery and was the catalyst for ending McCarthy's reign of terror and his censure by the full United States Senate a few months later.
Fisher spent his entire professional career at Hale & Dorr where one of early mentors was his senior partner, Reginald Heber Smith, the father of Legal Aid. Fred was a member and officer of the Governing Committee of the Conference for many years and was Chairman of the Conference at the time of his sudden death in the late 1980s. His warm and colorful personality made him much loved by the members of the Governing Committee.