Posted on 05/31/18 by Kalitha Williams in Consumer Protection + Asset Building
Last week, President Donald Trump revived Jim Crow-era lending practices when he signed a resolution that makes it harder to hold accountable car lenders that charge people of color more for car loans than white people. The resolution repeals guidance from the Consumer Financial Protection Bureau (CFPB) that held car lenders responsible when consumers were charged different rates based on race. Congress used a little known legislative maneuver called the Congressional Review Act to quickly pass the resolution and send it to the President’s desk. After slavery, southern states passed Jim Crow laws to control African Americans. Laws included segregating public services... read more
Posted on 02/15/18 by Kalitha Williams in Consumer Protection + Asset Building
On November 27, 2017, White House Budget Director Mick Mulvaney showed up to his new job as Consumer Financial Protection Bureau Interim Director with a box of donuts. We all love donuts, but during the... read more
Posted on 04/06/17 in Consumer Protection + Asset Building
The Consumer Financial Protection Bureau (CFPB) is one of the most important government agencies that most people don’t know about. Originally the brainchild of Senator Elizabeth Warren of Massachusetts, the CFPB acts as the enforcement... read more
Posted on 09/14/15 by Kalitha Williams in Consumer Protection + Asset Building
More than ever, American families struggle to afford the basics, even though they’re working. Fortunately, Congress in 2009 expanded some tax credits that helped more of these working families. These credits bring billions of federal... read more
Posted on 07/08/15 by Kalitha Williams in Consumer Protection + Asset Building
With the media frenzy over Shark Week, it’s easy to forget the real predators lurking in our communities: Payday loan sharks. On average, sharks in the ocean injure 15 people per year, but payday loan... read more
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