New York, NY – Today,as Congressional battles threaten the future of the Consumer Financial Protection Bureau, the national policy center Demos published a new report that shows how failures of the credit reporting system — and the increasing use of the system's credit reports and scores for non-lending purposes — are having outsized and damaging effects on Americans' economic health.
This report reveals the extent of credit information “mission creep,” examines troubling shortcomings in the for-profit credit reporting industry, and recommends common sense steps to reform the credit reporting system.
Demos Statement on Maine Election Day Registration Repeal
Steven Carbó, Senior Program Director in the Democracy Program at the non-partisan policy organization Demos issued the following statement today in response to Maine repeal of Election Day Registration:
The American Dream used to mean that if you put in a hard day’s work, you could expect good wages, benefits, and a better life for your kids. But the kinds of jobs that can provide a solid middle-class life in return for hard work are in short supply—unemployment is up, earnings are down, and hard-won benefits are being lost.
This is very different than a CD, which comes from a bank with Federal Deposit Insurance Corp. protection up to $250,000. And it's different than a U.S. Treasury bond, backed entirely by the U.S. government.
New York – Today, Demos, a national public policy research and advocacy center that supports fair employment practices, congratulates the Connecticut General Assembly for passing legislation that prohibits employers from using credit reports in employment decisions except in certain circumstances. Demos commends Senate Majority Leader Martin Looney, House Speaker Christopher Donovan and Representative Matthew Lesser for their leadership on this issue. Connecticut is sixth in a growing number of states to ban employment credit checks.
As currently drawn, five Massachusetts House districts would have too few residents to meet the Supreme Court's standard - if inmates are not counted as living there, according to Brenda Wright of Demos, a public interest group with a Boston office. She testified before the committee in Dorchester last month.
The mutual admiration between the two has been apparent for some time. Herbert has been a speaker at Demos and has also cited the think tank over his years as a New York Times columnist. He wrote in one that almost exclusively centered on Demos that the think tank has responded to right-wing zealotry with “admirable real-world scholarship, a highly respected fellows program to encourage new writers and thinkers and steadfast efforts to promote civic engagement. (It’s a big champion, among other things, of same-day voter registration.)”
At Demos national research and policy center, former New York Times columnist Bob Herbert will continue working on his new book, “Wounded Colossus,” while writing for Demos’ new blog Policyshop.net
New York, NY – At its annual Transforming America Awards ceremony last night, the national policy center Demos announced that Bob Herbert, the award-winning former New York Times columnist, will join the organization as a Distinguished Senior Fellow. At Demos, Mr. Herbert will continue his work on behalf of low- and middle-income Americans, providing expertise and writing on economic, social and policy issues.
Plaintiffs had no other choice but to sue to ensure that, going forward, low-income Georgia citizens receive the voter registration opportunities to which they're entitled.
New York, NY – Steve Carbo, Senior Program Director of the Democracy Program, issued the following statement praising the recent passage of California Senate Bill 641.
“Same Day Registration” (SDR) greatly expands opportunities for Americans to participate in the electoral process and cast a ballot that will be properly counted by allowing citizens to register and vote on Election Day or during the period immediately preceding an election. States that allow for Same Day Registration consistently lead the nation in voter turnout.
