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Without the Consumer Financial Protection Bureau, lenders preying on communities of color would continue to pull in windfall gains, while widening the racial wealth gap and undermining the precarious financial stability of vulnerable households.

The Congressional Black Caucus budget should be implemented because it calls for racial equity in future infrastructure and investments; improving public transit infrastructure, noting that people of color are heavy users of it; and school infrastructure, saying that modernized buildings held reduce achievements gaps.

Even before the Equifax breach, the integrity of credit reports was murky at best. A Federal Trade Commission report found that as many as one in five consumers had a credit error from one of the top reporting agencies (Equifax, Experian, and TransUnion). But the fundamental problem isn’t data integrity—it’s economic justice. According to a survey by the think tank Demos, declining credit was associated more with misfortunes and unforeseeable crises than with a lack of financial responsibility.

“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.”

On the anniversary of the Dodd-Frank Act, we reflect on recent banking failures and the inequities inherent in our current financial system. 

Capitalism’s endless economic growth prioritizes the individual over community and creates extreme inequality. But it doesn’t have to be that way.

"Credit Card Reform Act" Will Put the Brakes on Wild Interest Rate Hikes, Changes in Terms of Agreements and Extreme Penalties

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. 

Spending on our collective well-being helps people keep a roof over their heads, feed their families, and help grow our overall economy.

Figure is less than expected in first jobs report since Fed raised interest rate to 22-year high

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.

A fireside chat on why our economy is gaslighting us and how to build a better future   

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 Ohio legislature created a wholly avoidable, overly complicated situation that makes Ohioans jump through hoops to vote. Ohio voters: we want to hear about your experience.