Asset Building Program

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Consumer Groups Challenge Payday Loan Prepaid Cards | Cleveland Plain Dealer

May 7, 2012

"This is like payday lending on steroids," said David Rothstein of Policy Matters Ohio, one of the consumer groups that signed onto the letter. "The prepaid card has its whole other fee schedule." The prepaid cards, issued by Urban Trust Bank and ...

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Payday Lender's Debit Card Criticized | The Columbus Dispatch

May 5, 2012

“Obviously, we have some serious concerns,” said David Rothstein of Policy Matters Ohio.

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Interest in Prepaid Cards Growing | Dayton Daily News

May 4, 2012

“This is a tool that can be very beneficial for working families in Ohio that have had issues in the banking sector or want a complement to a savings account,” said David Rothstein, project director for asset building with Policy Matters Ohio. “But we just have to make sure that we have a sufficient network so that people can use the cards without it being a money-losing venture for them.”

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A Serial Entrepreneur Banks On Helping The "Unbanked." | Forbes

April 25, 2012

As a March report by the New America Foundation notes, more that 9 million Americans don't have bank accounts, and many are forced to pay steep fees for routine transactions, as a result. It's not just an absence of convenient neighborhood branches ...

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NEW REPORT: Tax Code Reinforces Inequality Between Wealthy and Poor Americans

April 10, 2012

NEW REPORT:
Tax Code Reinforces Inequality Between Wealthy and Poor Americans

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Retirement and Working Longer | Marketplace

April 5, 2012

t's from Congressional testimony on March 28 by Michael Calabrese, senior research fellow at the New America Foundation. In Retirement (In)security: Examining the Retirement Savings Deficit, Calabrese notes that the share of income for Americans 65 and older coming from wages has doubled since the mid-1980s. It's a huge increase.

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Report: Ohio Foreclosures Decline; Many Still “Underwater” | Public News Service

April 4, 2012

While that's good news, says report author David Rothstein, the group's director for asset building, additional housing data points to a long, slow recovery. "We're really not out of the woods yet, in terms of more foreclosures to come.

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Unemployed Is Bad Enough; 'Unbanked' Can Be Worse | New York Times

March 17, 2012

“Without a checking or savings account, you're basically shut out of most affordable financial services,” said Anne Stuhldreher, a senior policy fellow at New America Foundation, a nonprofit public policy organization. According to surveys conducted by ...

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Assistance Programs Can Discourage College Savings | The Epoch Times

March 12, 2012

The authors of the NAF report, Rachel Black and Mark Huelsman, write in “Overcoming Obstacles to College Attendance and Degree Completion” that the rules and restrictions of public assistance programs can be confusing. “Asset limits create an impression that low-income families are not eligible even if they are.”

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New Report: Reforms Needed to Help Families Save for College

March 5, 2012

(Washington, D.C.) — Policy reforms must be implemented to eliminate misconceptions and hurdles low-income families face when saving for their children to go to college, according to a new report from the New America Foundation’s Asset Building Program.

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