Guest blog: We need consumer financial protection and reform
If you are…Paying off credit cards that are charging you from 16% to 300% interest and penalties,Forced to use payday loans with interest rates over 200%,Unable to find credit to pay your household...
View ArticleGuest blog: Refund Anticipation Loans: Just say no!
Who are these borrowers? Not surprisingly, they are lower-income taxpayers, eligible for Earned Income Tax Credit, and more often than not, living in communities of color. In fact, according to a...
View ArticleTeach Children to Save Day helps encourage savings at a young age
Until recently, the personal savings rate in the U.S. was negative 0.5 percent. Children need to be taught the importance of savings early. Governor Quinn is appointing a Task Force mandated to...
View ArticleGuest post: Growth in microfinance field spurs debate
Both in the U.S. and worldwide, microfinance has successfully become a tool for financial inclusion. Its popularity is demonstrated by its average annual asset growth of 39% between 2004 and 2008....
View ArticleSafety in Numbers: Creating a Fairer Housing Market
The Home Mortgage and Disclosure Act (HMDA) requires mortgage lenders to provide detailed reports of their lending activities to regulators and the public. HMDA data have long served as a powerful...
View ArticleA New Season for Community Investment
How is this possible? The American Community Investment Reform Act of 2010 (H.R. 6334), introduced last week by Luis Gutierrez (D–IL), would promote safe, sound, and sustainable lending to all...
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