Thursday, August 6th
10:00 AM - 11:00 AM
Oops, They Did it Again: How IOLTA Programs Can Thrive When the Fed Cuts Interest Rates. Advice from Those Who’ve Been There.
This program will address the common repercussions of an economic downturn on IOLTA Programs. In both 2001 and 2008, the Federal Reserve slashed interest rates during financial crises to aid consumers and businesses. Now, in 2020, the Federal Reserve once again cut interest rates to stay ahead of a looming economic slowdown. But how do these emergency interest rate cuts impact IOLTA organizations, their staff, and the programs they fund? This program will highlight staff and their programs who survived previous financial crises, and provide information for your IOLTA program to tackle the unknown and persevere to 2021 and beyond.
Amy Johnson, Executive Director Arkansas Access to Justice
Judith Baker, Executive Director, Oregon Law Foundation
Stephen Casey, Chief Financial Officer, Massachusetts IOLTA