Financial Inclusion

Tax Time 2012: The Importance of the EITC

January 24, 2012

As noted by Hannah Emple on Friday, Tax Time 2012 is here. Every year brings some degree of change to the Tax Time process.

Asset Building News Week, 3rd Edition

January 20, 2012
Publication Image

The Asset Building News Week is a weekly Friday feature on the The Ladder, the Asset Building Program blog, designed to help readers keep up with news and developments in the asset building field. This week's topics include taxes, the housing crisis, prepaid cards, public benefits reform, prize linked savings, economic mobility and inequality, and education.

We Save, We Go to College

  • By
  • William Elliott,
  • New America Foundation
January 19, 2012

“Creating a Financial Stake in College” is a four-part series of reports that focuses on the relationship between children’s savings and improving college success. This series examines: (1) why policymakers should care about savings, (2) the relationship between inequality and bank account ownership, (3) the connections between savings and college attendance, and (4) recommendations to refine children’s savings account proposals.

Asset Building News Week, 2nd Edition

January 12, 2012
Publication Image

The Asset Building News Week is a weekly Friday feature on the The Ladder, the Asset Building Program blog, designed to help readers keep up with news and developments in the asset building field. This week's topics include food assistance, tax issues, the health-wealth connection, alternatives to banking and the prepaid card industry, and the mortgage crisis. 

A Savings Account at the Post Office?

January 12, 2012
Publication Image

Sheldon Garon, who was our guest at a recent discussion of his new book "Beyond Our Means: Why America Spends While the World Saves" has a very interesting piece up on CNN.com that centers on his call to support small dollar savings in the United States by establishing a system of postal savings banks (a common and effective institution in the rest of the world):

Does Structural Inequality Begin with a Bank Account?

  • By
  • William Elliott,
  • New America Foundation
January 12, 2012

“Creating a Financial Stake in College” is a four-part series of reports that focuses on the relationship between children’s savings and improving college success. This series examines: (1) why policymakers should care about savings, (2) the relationship between inequality and bank account ownership, (3) the connections between savings and college attendance, and (4) recommendations to refine children’s savings account proposals.

The CFPB is the Law of the Land

January 10, 2012
Publication Image

US News and World Report and their Debate Club feature asked if the recess appointment of Richard Cordray to head up the new Consumer Financial Protection Bureau was constitution. Here’s my take:

The CFPB is the law of the land. The agency was created last year when the Dodd-Frank Wall Street Reform and Consumer Protection Act was passed by Congress and signed by the President. This is how laws are made. It says so in the Constitution. A minority of Senators can’t decide on their own to nullify the law. And tellingly, few are raising the objection the Richard Corday is unqualified for the post. In fact, he has received glowing and bipartisan support, especially from those he worked when he served as Attorney General for Ohio.

Moreover, the CFPB has important work to do. The proliferation of abusive and unregulated financial practices played a notorious role in creating the financial crisis and bringing on The Great Recession. The new agency has been told by Congress to be the cop on the financial services beat and look out for the interests of consumers. This means making sure all types of consumers have access to financial products and services that are fair, transparent, and competitive. Specifically, the agency has been tasked with ensuring that consumer are protected from abusive and deceptive financial practices and are able to get information that is understandable and timely. There should no longer be a safe haven for firms hiding large fees deep within disclosure forms written in unintelligible legalese.

New Feature: Asset Building News Week

January 6, 2012
Publication Image

Way back in 2011, we conducted a survey of readers that told us a number of things: importantly, we learned that many of you look to us for timely news from the asset building field and that a regular round-up of articles would be a welcome addition to our other content. In keeping with the spirit of 2012 and resolutions and all that good stuff, the Asset Building Program is introducing a new weekly blog feature: a Friday news round-up. We hope this will help you (and us, for that matter) keep up with developments in the field, note-worthy news, and learn about partner organizations working around the U.S. on asset building, economic security, anti-poverty policy, and accessible financial services for low- and middle-income Americans. Topics will vary week-to-week (and depending on the news!) but we’ll aim to provide a diverse overview of the things we’re keeping an eye on that we think you’ll find interesting too.

Syndicate content