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.
“The actual dollar amount, it’s hard to put that at a figure that’s enough to help everyone who is struggling. And because of that, I’d err on the side of doing more.”
A collection of contributions from leading student loan experts offering a roadmap for the Biden administration to take immediate action to cancel student debt for millions of Americans.
Policymakers in Michigan have continuously made attending college harder through divestment in Michigan’s public higher education system, resulting in skyrocketing college prices.
The hardships faced by Amazon’s warehouse employees are well known and now Black workers in Alabama are organizing, challenging power, and leading the efforts to become unionized.
"Black student debtors "are 16 percent more likely to be in default or seriously delinquent than white student debtors; Latino borrowers are 8 percent more likely."
"Black and Latinx borrowers [are] more likely to be denied credit than white borrowers and more likely to be charged higher interest rates [...]. [O]ne of many ways the financial deck is stacked against Black and brown consumers.”
On the 56th anniversary of Bloody Sunday, President Biden announced an Executive Order requiring federal agencies to submit plans to the White House within 200 days on how they can promote voter registration for eligible persons they serve.
The winter storm disaster in Texas was a crisis fueled by a failure to address climate change and the influence of oil and gas companies in state and local politics.
The American Rescue Act will provide economic relief and investments in Black and Brown communities. Yet, for all its strengths, there are still significant limitations.
Sergio Ramirez's case, TransUnion v. Ramirez, reveals how credit reporting companies like TransUnion have little incentive to invest in making credit reports more accurate and avoiding serious mix-ups.
Taifa Smith Butler is a visionary leader who brings more than 20 years of experience in strategic communications, public policy research, and data analysis in the public, nonprofit, and private sectors. She will lead Demos starting July 1, 2021.
Corporate America took a stand for equality and democracy against the state of Georgia. Yet, the unbalanced economic system they’re part of creates an opportunity to reassess corporate power in our society.
Corporate and far-right special interests incite deficit fears by manufacturing an artificial crisis around debt. This has consolidated wealth and power in predominantly white corporate hands—and at the expense of Black and brown communities—for decades.