"Although credit scores never formally take race into account, they draw on data about personal borrowing and payment history that is shaped by generations of discriminatory public policies and corporate practices that limit access to wealth for Black and Latinx families."
The Executive Order on Racial Equity represents a firm commitment by the Biden Administration to champion racial equity and to advance equitable practices in data collection and data provision.
Letter from 31 civil rights, consumer, and community organizations urging the National Association of Insurance Commissioners (NAIC) to issue a recommendation that credit information no longer be used to determine eligibility for, or the cost of, auto or home insurance.
Removing unnecessary hurdles to small donor participation will help fix a system that currently prioritizes wealthy, white, male donors over communities of color and working-class people.
Ensuring just and equitable access to and ownership of one our most vital natural resources—energy—is vital to building a vibrant, inclusive democracy.
This Black History Month (and into March), workers at Amazon’s Bessemer, Alabama warehouse have the power to keep making history by voting for their union.
The For the People Act outlines a vision of what’s possible when our nation lives up to its promise of being a place where all people can lift their voices via their votes and their small dollar contributions.
The For the People Act can begin to address the longstanding racist exclusions in our democracy with policy solutions that are proven to advance racial equity.
"Black and Latinx borrowers [are] more likely to be denied credit than white borrowers and more likely to be charged higher interest rates [...]. [O]ne of many ways the financial deck is stacked against Black and brown consumers.”
"Black student debtors "are 16 percent more likely to be in default or seriously delinquent than white student debtors; Latino borrowers are 8 percent more likely."
Policymakers in Michigan have continuously made attending college harder through divestment in Michigan’s public higher education system, resulting in skyrocketing college prices.
Today, nearly 60 years removed from Dr. Martin Luther King, Jr’s speech during the March on Washington, countless barriers remain between his dream and America’s reality.
An economy that ultimately lives up to our country’s promise will require us to invest in public goods and health infrastructure, break up concentrated economic power, and ensure equitable access for Black and brown communities.
“They collect our data without our permission. They profit from our data. They fail to invest in processes to verify accuracy. And their models are not transparent. This puts Black and Brown consumers at a serious disadvantage.”
The Biden administration should implement its public credit registry proposal to shift power away from an oligopoly that exercises inordinate control over consumers’ financial prospects and towards a fairer system that better respects consumers and reduces racial inequality.
Why we need to prioritize passing H.R.1 along with H.R.4 and legislation granting statehood to Washington, D.C. (H.R.51) as the first items of business in the 117th Congress.
“The actual dollar amount, it’s hard to put that at a figure that’s enough to help everyone who is struggling. And because of that, I’d err on the side of doing more.”