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600 Atlantic Ave
As part of the nation's central bank, the Federal Reserve Bank of Boston promotes sound growth and financial stability in New England and the nation. The Bank contributes to local communities, the region, and the nation through its high-quality research, regul... more.
Deputy Director for Research
Nellie Mae Education Foundation Inc
Children's Investment Fund
Marshall Scholarship Selection Committee
Asian Community Development Corporation
Inner City Economic Forum
University of Illinois
Massachusetts Institute of Technology
The Nellie Mae Education Foundation - Board of Directors
Prabal Chakrabarti Senior Vice-President, Federal Reserve Bank of Boston Prabal Chakrabarti Prabal Chakrabarti Senior Vice-President, Federal Reserve Bank of Boston Prabal Chakrabarti is Senior Vice-President at the Federal Reserve Bank of Boston in the Regional and Community Outreach department, with a mission to improve the economic well-being of low and moderate income people. He oversees department initiatives with a focus on revitalizing smaller cities through the Working Cities Challenge, improving household financial stability, and increasing employment opportunities for all. Previously, Mr. Chakrabarti was at the Initiative for a Competitive Inner City, where he led a research effort under Harvard Business School Professor Michael Porter to measure economic competitiveness in America's inner cities. He served in the U.S. Treasury in economic policy and he co-wrote a UNDP report Unleashing Entrepreneurship: Making Business Work for the Poor. Mr. Chakrabarti holds graduate degrees from MIT and Oxford University, where he was a Marshall Scholar, and a B.S. from the University of Illinois, where he was a Truman Scholar. He also serves on the Children's Investment Fund Board. For the Nellie Mae Education Foundation, Mr. Chakrabarti serves on the Grants Policy & Program Committee and Organizational Measurement Committee.
Community Affairs Contacts - Boston Fed
Senior Vice President and Community Affairs Officer Prabal has published on affordable housing, venture capital in secondary cities, and urban business development. He currently plays a key role in designing and implementing the Working Cities Challenge. At the Initiative for a Competitive Inner City, Prabal measured economic competitiveness in inner cities. At the U.S. Treasury, he co-wrote Unleashing Entrepreneurship: Making Business Work for the Poor. Prabal holds graduate degrees from MIT and Oxford, where he was a Marshall Scholar, and a BS from the University of Illinois, where he was a Truman Scholar. He serves on the Marshall Scholarship Selection Committee and the Children's Investment Fund board.
Applications - Boston Fed
Senior Vice President & Community Affairs Officer Federal Reserve Bank of Boston
Similarly confounding is a statement by Prabal Chakrabarti, an officer at the Federal Reserve Bank of Boston (n191301).
He writes, "But given the prominence that credit scores have taken on, including with employers conducting credit checks or landlords evaluating a tenant, borrowers should be aware that in the future, even if they make every payment on time and follow all the rules of the program, they may be punished by lenders for their participation." Chakrabarti, P. (2010). How Loan Modifications Affect Credit Scores. Communities & Banking, 21(4), 25-27. Retrieved April 25, 2016, from http://www.bostonfed.org/commdev/c&b/2010/fall/fall10.pdf Neither he nor your state state, specifically, that employers use credit scores.
Prabal Chakrabarti (Senior Vice President, Federal Reserve Bank of Boston)
Moderator: Prabal Chakrabarti (Senior Vice President, Federal Reserve Bank of Boston)
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