Asset Building Program

Archives: Asset Building Program Press

Banking Development District Initiative Advances in Los Angeles

October 30, 2009

LOS ANGELES, CA - With the support of the New America Foundation and other groups, Los Angeles City Councilman Richard Alarcón today asked the City Attorney's office to draft an ordinance bringing Banking Development Districts to Los Angeles. The ordinance would use state and local deposits to encourage banks to open branches in lower-income neighborhoods and develop products and services tailored to local residents. 
 

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US FDIC Officials Push To Expand Small-Dollar Loan Program | Dow Jones

October 27, 2009

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Frank: Zero Odds of Single Regulator | American Banker

October 26, 2009

New America's event is discussed in American Banker: "There is no remote chance of it happening," Frank told reporters after remarks at a conference on underbanked consumers held in the Capitol. ... Original Article

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Advocates Fight for 'Underbanked' | Marketplace

October 23, 2009
Melissa Koide of the New America Foundation says the solution is to bring people living "off the credit grid" in, so they can borrow on reasonable terms in ...
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US Treasury Eyes Support for Community Loan Funds | Reuters

October 23, 2009
New America's event is discussed in Reuters: "This is not an easy hurdle. But we are interested in looking and exploring whether, particularly on the liquidity side, there are things we can do," Sperling told a conference on banking services for low-income communities. ... Original Article
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Treasury Adviser: Small Institutions Should Back Consumer Agency | Dow Jones

October 23, 2009
New America's event is discussed in Dow Jones Newswire: "The voices of those who represent the largest financial interests have not been shy and those who advocate for the smallest financial interests need to be just as non-shy," said Sperling, counselor to Treasury Secretary Timothy Geithner, at a Friday conference on the under-banked population. ...

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Frank: No Reasonable Chance of Consolidated Bank Regulator | MarketWatch

October 23, 2009

A New America event is discussed in MarketWatch: Frank made the comments after speaking to a symposium about new credit options for low and moderate income consumers. ... Original Article

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Live Chat: Savings as a Path Out of Poverty, Tuesday at Noon ET | New America/Politico

October 19, 2009
In this week's New America/Politico Live Chat, Jamie M. Zimmerman, New America's deputy director of the Global Assets Project, will be taking questions at ...

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Bank Buster | Mother Jones

October 8, 2009
"Regulating financial products based on fairness, simplicity, and appropriate risk is an entirely new paradigm," notes Reid Cramer, director of the New America Foundation-Asset Building Program ...
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Congress Is Riled Up | WIBW

October 7, 2009
They clearly know something is coming," said Melissa Koide of the New America Foundation, a left-leaning Washington policy group. "It's a very big populist ...
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