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Asset Building Program

Archives: Asset Building Program Press

California Banking Development Districts Clear Major Fiscal Hurdle

August 13, 2010

SACRAMENTO- Communities across California lacking investment from mainstream banks are the victors of Thursday's Senate Appropriations bipartisan vote to pass Assembly Bill 2581, the California Banking Development Districts bill, which encourages mainstream financial investment on Main Street and increases the financial security of unbanked Californians.

New America Foundation Applauds FDIC's Action on Safe, Sustainable Bank Accounts

August 10, 2010

The New America Foundation's Asset Building Program applauds the FDIC's (Federal Deposit Insurance Corporation) decision to establish a Model Safe Accounts Pilot program and encourages insured depositories, large and small, to participate, aiming at serving the unbanked and underbanked population.
 

New America Foundation Commends Introduction of National Auto IRA Legislation

August 9, 2010

SACRAMENTO, CA - With the introduction Friday of the Automatic IRA Act of 2010, Congress has joined the effort to address the retirement security crisis spearheaded at the state level in California, by making retirement saving easy and automatic through payroll deduction.

Experts: Minority Seniors Particularly Vulnerable to Financial Insecurity | Pasadena Star-News

July 30, 2010

Olivia Calderon, the California legislative director of the New America Foundation's Asset Building Program, stressed the need to encourage people to save ...

Big Picture Near Finished, Then Little Details | Marketplace

July 15, 2010

The financial reform bill is just one signature away from becoming law, but that won't be the end — a whole new round of tough decision-making will start for federal agencies. Reid Cramer, director of New America's Asset Building Program, speaks with American Public Media about the new law.

Original article

How a Cap on Big-Bank Leverage Was Watered Down | Marketwatch

July 13, 2010

Tim Fernholz, a fellow at the American Prospect in Washington, contended that the bank-reform legislation gives a lot of discretion to regulators, not just on bank leverage, but in a wide variety of areas. on. ...

Will the bill make us economically safer? | Marketplace

June 25, 2010

Reid Cramer: For the first time there's going to be a single, and empowered agency that can focus on shutting down the latest scams and gimmicks when they emerge.

Original article

Bipartisan Leadership in Assembly Votes for Financial Empowerment

June 3, 2010

SACRAMENTO- In a double victory for all Californians seeking financial security, the Assembly yesterday passed two bills that would increase access to banking services and financial education.

The two measures provide important tools for fighting foreclosures, debt, the perpetuation of poverty, and wider economic stagnation.

SF Mayor Wants College Accounts for Kindergartners | The Associated Press

May 29, 2010

"These accounts are hope in concrete form for kids," said Anne Stuhldreher, a senior research fellow at the nonprofit New America Foundation. ...

Organization Creates Holiday to Educate Families About College Savings | infoZine

May 28, 2010

CSPN and the New America Foundation held a discussion earlier this month about two House bills they support, the Savings Enhancement for Education in ...

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