ALBANY — Cleanup of hard-hit areas in New York from Tropical Storm Irene is expected to take months because roads and bridges have to be rebuilt, farms restored and infrastructure reconstructed.
While experts say the flooding was impossible to prevent, the storm that ravaged upstate wasn't initially expected because most of the original focus was on New York City and its suburbs, which ultimately didn't get hit as badly as rural areas.
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In the past 15 years the ramifications of poor credit have grown, as credit score "mission creep" has set in, said Amy Traub, a senior policy analyst with the New York-based think tank Demos and author of the recently released report "Discrediting America." Credit scores determine not just the interest rates paid on material goods, such as a cell phone or car, but also the pricing of utilities and insurance. Approximately 60 percent of employers use credit reports to screen job applicants.
Amy Traub, a senior policy analyst at watchdog group Demos, says that credit-based insurance scores hurt lower-income people more because they are more likely to have lower scores. She noted a study that showed while those with lower scores made more claims because they couldn't swallow the costs, the cost of those claims were not necessarily greater.
In its bombshell of a report “Discrediting America,” the nonpartisan public policy research group Demos sums up the problem for black and Latinos:
Credit reports largely mirror racial and economic divides, with African Americans and Latinos disproportionately likely to have lower scores. In turn, these communities are more likely to be offered high-priced loan products, which may contribute to more defaults, maintaining and amplifying historical injustice.
Boston, MA - Yesterday, the United States Court of Appeals for the First Circuit -- covering Maine, New Hampshire, Massachusetts, and Rhode Island -- issued a decision upholding Maine's campaign finance disclosure provisions, which had been challenged by the anti-gay marriage National Organization for Marriage. In response, Lisa Danetz, Demos Senior Counsel, issued the following statement:
A commission appointed by the Massachusetts legislature is considering the creating a state Partnership Bank to boost the local economy by increasing community development lending.
“If you’re out of work for a long time, you have difficulty paying your bills,” says Amy Traub, coauthor of a June report from the think tank Demos that calls for reform of the credit reporting industry. “If potential employers are looking at credit scores, how on earth are you going to pay your bills then?”
What’s more, the credit bureaus themselves acknowledge there is no proof of a link between a person’s credit report and their suitability as an employee.
Why is it important for civil rights and good government groups to to be granted status as intervenor defendants in a lawsuit about counting prisoners in redistricting?
Because the legislative commission charged with drawing the lines, LATFOR, hasn't exactly been vigorous in defending itself in a lawsuit filed about the issue, they say.
Insurers justify the use of credit screening for insurance purposes by pointing to internal industry data showing that, on average, people with lower scores are more likely to make an insurance claim. The problem is, they don’t have a convincing explanation for why people with poor credit tend to make more claims.
New York – Today’s narrow 5-4 decision in McComish v. Bennett continues the Roberts Court’s retreat on fairness in elections, striking down trigger provisions that allowed publicly financed candidates in Arizona to receive additional funds for their campaigns when their spending was outstripped by their privately financed opponents.
Today, six in ten employers say that they check the credit histories of some or all prospective employees before making final hiring decisions. This traps many jobseekers in a devastating catch-22.
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.
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:
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.
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.
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.)”
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.