Senator Elizabeth Warren just unveiled the first plan of the 2020 election cycle that comprehensively addresses both college affordability and student loan debt simultaneously.
Private credit reporting is failing for all of us who must rely on credit reports produced by for-profit companies to navigate financial transactions. For communities of color, credit scores evoke the decades of bank redlining and unequal access to credit whose impact persists to this day.
As part of an effort to reshape rules around debt and lending to reduce racial wealth inequality, we propose establishing a public credit registry to gradually replace the current for-profit credit reporting system.
A conversation on antitrust law as guardrails on capitalism at Bold v Old in Washington DC. The conversation includes an overview of the history of anti-trust law, why and how anti-trust law became broken, and more.
This report was completed in collaboration with the Advancement Project, Asian & Pacific Islander American Health Forum, Demos, Faith in Action, National Association for the Advancement of Colored People, National Congress of American Indians, National Urban League, Race Forward, and UnidosUS. These groups are a collaborative of leading national racial-equity organizations supported by the W.K. Kellogg Foundation.
Experian Boost comes with downsides for consumers, according to Amy Traub, associate director of research at the public policy group, Demos. She said lenders will be able to use the data they glean from consumer bank accounts in ways the public may not understand.
"It also allows them to make marketing decisions: who to promote which products to, how to get us hooked on the products that are most profitable and lucrative for the lender, " said Traub.
December 10, 2018 is the 70th anniversary of the Universal Declaration of Human Rights. In 1948, in the aftermath of the fall of the Nazi regime, the United States joined many countries in the world and signed the Declaration. Several of the rights listed in the document were already within the U.S. Constitution, but some were not. We have done particularly poorly in living up to the Declaration’s call for a right to an adequate standard of living, including food, housing, and medical care.
Demos strongly urges the Department of Homeland Security to withdraw the proposed rule to radically enlarge the list of criteria that will be used to decide whether an immigrant is likely to become a “public charge.”
Home ownership is a major contributing factor to the racial wealth gap, as Demos, a left-of-center think tank, previously argued in a 2015 report. Seventy-three percent of white households own their home, Demos found; in sharp contrast, home ownership drops to 45 percent among black households.
November 1st is Latina Equal Pay Day, marking the date when the typical Latina woman’s wages since January 1, 2017 finally catch up to what the typical white man was paid in calendar year 2017.