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.
By issuing this toothless code of conduct, the Supreme Court attempts to circumvent necessary reforms and enables more lavish gifts and lucrative speaking engagements from their wealthy patrons.
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 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.”
We know that curbing the influence of lobbyists, money, and organized interest groups while strengthening working families' voices in our political system is the only way to end the devastation of gun violence in America.
"For the sake of millions — people watching their rents go up while their wages don’t, parents who need support in tackling the ever-rising cost of child care, and seniors who regularly must decide whether they can afford their bills or their pills — the Senate must pass this legislation.”
"The Freedom to Vote Act — the most significant voting rights bill in generations — would be a giant step toward our goal of creating a just, inclusive, multiracial democracy."
Written testimony of Demos Associate Director of Policy and Research, Amy Traub before the U.S. House of Representatives Committee on Financial Services
"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 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.
“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.