Signed into law on May 22, 2009, the Credit CARD Act has benefited millions of households in ways that directly affect their monthly budgets. Demos’ 2012 National Survey on Credit Card Debt of Low- and Middle-Income Households finds that the Credit CARD Act empowers Americans to take control of their finances by increasing the transparency of credit card statements and dramatically reducing unfair and excessive fees and
penalties.1 New estimates show that the CARD Act has saved U.S. consumers $50.4 billion, or $12.6 billion a year, in fees alone.
Chairman Harkin, Ranking Member Alexander, and Members of the HELP Committee: I greatly appreciate this opportunity to speak to you about economic security for working women, particularly the experience of women in the retail industry. My name is Amy Traub and I am a senior policy analyst at Dēmos. Dēmos is a non-partisan public policy organization working for an America where we all have an equal say in our democracy and an equal chance in our economy.
New Jersey’s investment in higher education has decreased considerably over the past two decades, and its financial aid programs, though still some of the country’s most expansive, fail to reach many students with financial need.
Virginia’s investment in higher education has decreased considerably over the past two decades, and its financial aid programs, though still some of the country’s most expansive, fail to reach many students with financial need.
What differentiates households that accumulate and carry balances on their credit cards from those that don’t have debt? Building on a national survey of 1,997 households, this study examines two groups of working age low- and middle-income households that are statistically indistinguishable in terms of income, racial and ethnic background, age, marital status and rate of homeownership—yet one group carries credit card debt, while the other has credit cards but no debt.
Chairman Schumer, Senator King, Ranking Member Roberts, and Members of the Committee, thank you for the opportunity to submit this testimony for this hearing on the harm of secret political spending, the impact of the Supreme Court’s recent decision in McCutcheon v. FEC, and solutions to address the problem of improper influence of money in politics in America today.
In 2013, student debt surpassed $1.2 trillion,1 highlighting a disturbing new reality: for an increasing share of students, higher education comes at the cost of long term debt. In 1989, 41 percent of graduating college seniors left school with student loan debt, which averaged $26,600. By 2012, two-thirds of graduating seniors had assumed such debt.2 Higher education was once the gateway to the middle class.
McCutcheon struck down the limit on the total amount that one wealthy donor is permitted to contribute to all federal candidates, parties, and political action committees (PACs) combined.
Same Day Registration (SDR) allows eligible voters to register to vote and cast their ballots on the same day. Depending on the state, this one-stop process for registering and voting may be offered on Election Day, during the early voting period, or both.
Far too many Hawaiians are excluded from voting—our most important democratic process—due to arbitrary voter registration deadlines. As a result, voter turnout in the state is lower than the national average. There is a simple solution to ensure all eligible voters in Hawaii can participate in our elections. Same-Day Registration (SDR) (also known as Late Registration in the current Hawaii legislative proposal) allows eligible voters to register to vote and cast their ballots on the same day, at the same time.
Voting is the bedrock of our democracy. In a government of, by and for the people, casting a ballot is the fundamental means through which we all have a say in the political decisions that affect our lives. Yet today, without substantial interventions, the freedom to vote is at great risk.
16 policies and practices that would make registration more accessible and seamless, lead to more effective and efficient election administration, and strengthen protections for voters’ rights.
The NVRA was intended to make voter registration widely available at agencies serving the public, and is an important tool for modernizing voter registration.
Ensuring compliance with NVRA requirements increases voter registration rates, particularly among low-income populations.
Expanding the number of designated NVRA agencies can further expand the reach of voter registration opportunities.
Congress enacted the National Voter Registration Act (NVRA) in 1993 with the goal of making voter registration more convenient and accessible.
States should modernize registration procedures by allowing eligible voters to register to vote and update their registrations online.
Online registration saves states and localities money.
Registration rates among young voters increase with online registration.
These days, bank transfers, credit card transactions, and even medical record storage all happen online. These transactions are not only complicated but also highly sensitive, yet technology has managed to evolve to ensure the transactions are safe and secure, as well as convenient.
A person’s voter registration should remain valid when he or she moves within the state.
Centralized statewide voter registration databases are essential to provide portable registration.
Permanent and Portable registration helps narrow participation gaps among young people, people of color and lower-income Americans.
Twelve percent of Americans change their residence every year.1 Between 2011 and 2012, 22 million voting-age Americans moved either within the same county or to a different county within thei