Issue Brief Students enrolled in our nation’s colleges and universities are borrowing at increasing rates, and the amounts they are borrowing are also growing. Here’s how refinancing can help.
Issue Brief Matching savings by low-income families through refundable tax credits would build families’ economic security and create more-balanced savings incentives in the tax code.
Issue Brief Reforming the nation’s bankruptcy laws to include some student debt is a way to not only help troubled borrowers but also to foster better student loans and stronger academic programs.
Issue Brief Mobile banking could expand access to better financial services for the unbanked and underbanked populations in the United States.
By applying new standards to deposit advances that ensure banks only make loans that can reasonably be repaid, the FDIC and OCC will be able to prevent the spread of high-cost, short-term loan products that can lead financially distressed consumers into a cycle of debt.
In comments submitted to the Consumer Financial Protection Bureau, CAP and Campus Progress identify some of the financial hurdles that student-loan borrowers may face and how these hurdles may affect the future housing market and economy.
Issue Brief Whether by choice or because of government action, millions of Americans are turning to prepaid cards as a financial-management tool. Prepaid-card regulations must evolve in order for consumers to fully experience their benefits.
A new law passed by Congress and signed last month by President Barack Obama stops predatory lenders from taking advantage of our troops. That’s good news for Virginia’s more than120,000 active-duty service members, but unfortunately it does nothing to protect veterans and all other Virginians.
The Center for American Progress responds to the 2011 National Survey of Unbanked and Underbanked Households.
The Federal Deposit Insurance Corp. and Consumer Financial Protection Bureau are concerned these days about two related trends: the rising numbers of “unbanked” Americans and the proliferation of prepaid debit cards issued by companies like NetSpend and GreenDot that are popular with people who don’t use traditional checking accounts. On its face, these trends appear […]
Joe Valenti is the Director of Asset Building at American Progress. His work focuses on improving the ability of low- and moderate-income consumers to participate in the financial sector and to make the most of their resources. Prior to joining American Progress, he was a Hamilton Fellow at the U.S. Treasury Department, serving as a […]