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Joe Valenti Archives

The Benefits of Local Financial Empowerment Initiatives

Joe ValentiJoe Valenti, Director of Asset Building, testifies before the New York City Council Consumer Affairs Committee.

by Joe Valenti | Friday, February 28, 2014

A Step in the Right Direction on Retirement

RetireesPresident Barack Obama’s MyRA plan is a start, but Congress should do more.

by Joe Valenti and David Madland | Wednesday, January 29, 2014

Resetting the Trillion-Dollar Student-Loan Debt Problem

Students at the University of Iowa article icon 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.

by David A. Bergeron, Elizabeth Baylor, and Joe Valenti | Thursday, November 21, 2013

Creating Economic Security

1040 article icon 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.

by Joe Valenti and Christian E. Weller | Thursday, November 21, 2013

Financial Access in a Brave New Banking World

book_alt2 icon Report Leveraging cities and employers, providing consistent regulations, improving transparency, and building out public options can help create a stronger financial system that works for all Americans.

by Joe Valenti and Deirdre Heiss | Wednesday, October 16, 2013

How Qualified Student Loans Could Protect Borrowers and Taxpayers

article icon 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.

by Joe Valenti and David A. Bergeron | Tuesday, August 20, 2013

Banking by Hand(set)

Mobile banking article icon Issue Brief Mobile banking could expand access to better financial services for the unbanked and underbanked populations in the United States.

by Joe Valenti | Thursday, June 13, 2013

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 Consumer Finance 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 research analyst […]

| Tuesday, August 7, 2012