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.
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.
The marquee bill, which features improvements to voting, campaign finance, and ethics laws, addresses the deep political, racial, and economic inequalities that plague our democracy.
Yesterday, the U.S. House of Representatives voted on a package of rules that include a “pay-as-you-go” or “PAYGO” provision, which mandates that new spending be offset by matching cuts or increases in revenue. Demos supports efforts to eliminate PAYGO requirements in federal law.
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.
The Trump administration’s latest attack on immigrants, a proposed rule that would punish families for accessing public benefits, has rightfully come under fire for its potential to threaten children’s health and impose financial hardship on households and communities.
Facebook’s decision to hire a right-wing consulting firm to plant false stories about Color of Change and others who dared to call out Facebook was a nefarious smokescreen to save themselves from well-deserved criticism about the online platform and its business practices.
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.
Public-sector jobs in Massachusetts are more likely than private-sector jobs to be good jobs that provide a family-supporting income and wealth-building benefits. They need to be preserved.
Advocates and policymakers are frequently asked how they plan to pay for progressive policy investments. This memo provides guidance on how to respond.