"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."
“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.
“These are folks who are serving [and] preparing food for all of the rest of us. It's a recipe for contagion when...the people preparing your food cannot afford to stay home when they have a contagious disease.”
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.
Union groups and other campaigners see such moves as an attack on their power to secure higher wages for workers. “[This is] an often low-paid and vulnerable workforce of predominantly women of color who do critical work helping seniors and people with disabilities with daily tasks,” said Amy Traub, the associate director of policy and research for Demos, a public policy organization that has published research on federal government wages. “These rules slash at workers’ ability to join together to improve their jobs”.
Chiraag Bains, Director of Legal Strategies for Demos
“Do you believe that the Constitution requires that we allow corporations and wealthy individuals the unfettered ability to translate their economic might into political power through campaign contributions and expenditures—even if it drowns out the voices of working-class Americans and erects barriers to candidates of color who lack access to big money and the mostly white donor class?”
For the working poor, getting married is hardly a guarantee of ascendance, explains Amy Traub, an associate director of policy and research at the thinktank Demos. She highlights the reality of surviving with low wages, no paid sick leave, no paid parental leave, and no subsidized childcare. Traub’s research shows that a married couple will see their income go down by 14% after they have a child.