Today's ruling is a powerful affirmation: the CFPB stands as a fortress against financial predators, especially crucial for communities of color battered by decades of discriminatory banking practices.
The resumption of student loan payments after a three-year break, is likely to deliver a blow to American economic growth, according to economists, in a move that could harm many beyond borrowers alone.
Chief of Programs at Demos, Angela Hanks on Black employment in this jobs report, wage growth, and the Fed rate hike - what damage that could do to the economy.
"The Supreme Court's decision is another boulder on the chests of millions of Americans burdened by the suffocating weight of lifelong student loan debt."
“The government has not asked questions of the banks for this latest bailout—protecting the priorities of banks and shareholders. But for the rest of us, not so much.”
"Any action, plan, or agenda not rooted in equity to address the student loan debt crisis undermines America’s legitimacy in being a world leader that truly cares about the future of its people."
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.
"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.
The response to the COVID-19 crisis must include investments in public goods and health infrastructure, breaking up concentrated economic power, and equitable access for Black and brown communities.