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.
"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.
Today, Demos proposed establishing a public credit registry, housed in the Consumer Financial Protection Bureau, as an essential part of a larger effort to reshape rules around debt and lending in order to reduce racial wealth inequality.
On August 31, Federal District Judge Amos Mazzant of Texas issued a ruling striking down the U.S. Department of Labor’s update to federal rules on overtime pay. Demos Associate Director of Policy and Research Amy Traub released the following statement:
August 2, 2017 (New York, NY) – In response to reports today that the U.S. Department of Justice plans to investigate higher education institutions’ affirmative action policies, Heather McGhee, President of Demos and Demos Action, issued the following statement.
July 21, 2017 (New York, NY) – In honor of the sixth anniversary of the creation of the Consumer Financial Protection Bureau (CFPB), Tamara Draut, Vice President of Policy and Research, issued the following statement.
New York, NY - With the House of Representatives poised to vote on H.R. 10, the Financial CHOICE Act, Amy Traub, Associate Director, Policy and Research at Demos, issued the following statement:
Washington, DC – Less than a day after his first nominee for Labor Secretary, Andrew Puzder, withdrew his name due to unprecedented opposition from workers, legislators and advocates, President Donald Trump announced his new choice to run the Department of Labor, Alexander Acosta. Tamara Draut, Vice President of Policy and Research at Demos, issued the follow statement:
Every day, many U.S. families must make the impossible choice of falling into debt to pay for critical medical care or foregoing necessary treatment. In 2014, 64 million people were struggling with medical debt and it is the leading cause of bankruptcy in the United States.
Without protecting and expanding public pension systems, black retirees may lose much of the retirement security they have gained in the last 50 years, a new Demos report finds. The public sector has long been a strong source of employment for African Americans, with 21.2 percent of all black women and 15.4 percent of all black men working in the public sector.
In 2014, public pensions and Social Security together accounted for 57 percent of black retirees’ income compared to 49 percent for white retirees.
(BOSTON, Mass.)- Today, a broad coalition of consumer, civil rights, labor, and community organizations issued a letter strongly urging members of the U.S. House of Representatives to support of H.R. 5282, the Comprehensive Consumer Credit Reporting Reform Act of 2016, introduced today by Congresswoman Maxine Waters.
Nearly 9 out of 10 working New Yorkers do not receive paid leave from their employers.
The call for paid family leave in New York is steadily growing. Just this morning, Governor Cuomo amended his paid family leave proposal to increase the payment for some of the state's lowest paid workers, and at this very moment, New Yorkers are gathering in Albany to call for a family leave insurance system that covers working people statewide.