Expanding the Military Lending Act would better protect service members from becoming trapped in a cycle of debt and risking their security clearances.
Bank regulators’ efforts to update the Community Reinvestment Act reflect changes in the financial marketplace and are valuable first steps toward broader reforms.
By expanding its supervision to include nonbank car loans and leases, the Consumer Financial Protection Bureau’s proposed rule will protect millions of consumers.
Fact Sheet New data from the FDIC reaffirm that many families lack bank accounts or are otherwise underserved by the financial system.
Student loans are the only debt that can't be discharged in bankruptcy. Joe Valenti and David Bergeron argue for two law changes to fix this.
The Consumer Financial Protection Bureau’s proposal to release consumers’ complaints in their own words adds additional transparency and accountability to the financial system.
Issue Brief It is long past due to reform asset limits for safety net programs that work at odds with the goals of family economic security and mobility.
Report Through stronger laws and enforcement, as well as the encouragement of better alternatives, policymakers can reduce debt traps in short-term lending.
Joe Valenti, Director of Asset Building, testifies before the Consumer Financial Protection Bureau.
Issue Brief Progressive reforms to the tax code can help support college access and affordability, and benefit student-loan borrowers.
Issue Brief On the fifth anniversary of the Credit CARD Act, policymakers need to consider how to best address the new regulatory gaps in debit cards and give consumers new tools to manage their credit.
Joe Valenti, Director of Asset Building, testifies before the New York City Council Consumer Affairs Committee.
President Barack Obama’s MyRA plan is a start, but Congress should do more.
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.