CAP en Español
Small CAP Banner

Joe Valenti Archives

Reining in Bank Payday Lending

Payday loansBy 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.

By Joe Valenti | Friday, May 24, 2013

Student-Loan Debt Has a Rippling Negative Effect on the Broader Economy

Student-loan debtIn 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.

By Joe Valenti, Sarah Edelman, and Tobin Van Ostern | Wednesday, April 10, 2013

The End of Cash: The Rise of Prepaid Cards, Their Potential, and Their Pitfalls

Credit cards article icon 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.

By Joe Valenti | Thursday, April 4, 2013

Helping Working Families Build Wealth at Tax Time

Instant tax refunds article icon Issue Brief The federal government can and should support efforts to help Americans save their paychecks and refunds during tax season.

By Joe Valenti | Wednesday, February 27, 2013

Congress Protects Troops from Predatory Lenders; What About Everyone Else?

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.

By Joe Valenti and Lawrence J. Korb | Tuesday, February 12, 2013

Examining the Increase in Prepaid Cards as Alternatives to Bank Accounts

Credit cardsThe Center for American Progress responds to the 2011 National Survey of Unbanked and Underbanked Households.

By Joe Valenti | Thursday, December 20, 2012

It's Time to Regulate Prepaid Cards as Bank Accounts

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 […]

By Gadi Dechter and Joe Valenti | Thursday, November 29, 2012

Joe Valenti

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 […]

Tuesday, August 7, 2012