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Written testimony of Demos President K. Sabeel Rahman before the US House of Representatives Committee on the Judiciary Subcommittee on Antitrust, Commercial and Administrative Law
One New York State bill would interrupt the cycle of discrimination that comes with employment credit checks.
The Disparate Impact standard is critical to continued and enhanced opportunity to access fair credit, housing, and homeownership. Demos strongly opposes efforts to undermine this longstanding enforcement tool.
More information about CEO-to-worker pay disparities is critical for investors.
If passed, each of these pieces of legislation would destabilize a regulatory system that saves lives and improves our nation.
Congress now has the opportunity to erect new public structures guaranteeing stability, transparency and competition in banking.