Comparative income quintiles don’t tell us very much about the material conditions of people’s lives. When someone rises into the top fifth, someone else falls into the bottom fifth.
Today’s economic climate offers little hope to many struggling families. Family incomes still lag in comparison, for example, to rising housing costs in many markets.
I attended my first ever Assets Learning Conference, put on by CFED last week, and I have to say it was mighty impressive. And I was particularly pleased to see that economic justice and things like reforming the tax code to be less regressive and reward savings by low- and middle-income Americans, rather than mostly […]
A lack of access to capital, capacity-building resources, and technical assistance significantly constrains the ability of CDFIs led by people of color to achieve greater impact.
Advocates and organizers who deal with the needs of the poor often say it's not really a housing/food/training issue, it's an income issue. So what would happen if we just addressed income?
Over a dozen stories of how Americans from all different backgrounds have managed to leverage a few thousand dollars to lead lives that have helped thousands of other people, and strategies to reinvigorate a movement to influence asset building policy nationally.
The Community Reinvestment Act and the Consumer Financial Protection Agency Act hold great promise for the creation of a more financially inclusive nation, but both depend on critical "moments in time" in Congress that will determine whether they become good laws or are weakened beyond recognition
Today, most women have the autonomy and ability to take charge of our finances, but we don’t all do it.
Why are there three different agencies enforcing the Community Reinvestment Act, or CRA? Who does each agency enforce it on?
The truth is most entrepreneurs’ firms don’t grow quickly, employ people, or earn much money. And, more importantly, entrepreneurial success has far less to do with exceptional skill than with one’s ability to weather repeated failure and financial loss.
A majority of mainstream lenders base loan approvals on a hotly debated three-digit score. Are there better, fairer ways to assess risk?
The CFPB's new head must unequivocally stand with low-income communities of color and restore public trust.
Despite some new reforms, low-income households buying homes outside the traditional mortgage market are still at tremendous risk—and often legal limbo.
Black people were excluded from many of the income and wealth-building programs that helped build the foundation of white Americans’ wealth today.
The devastation that communities in the Rio Grande Valley experience is twofold: the initial destruction of the floods and the cycle of debt and poverty as a result of predatory loans.
City Life, Homeownership, and the American Dream Americans' impressions of cities are improving, according to Fannie Mae's 1997 National Housing Survey, City Life, Homeownership, and...
When the 2017 Prosperity Now Scorecard was published last month, it was no surprise that Louisiana ranked second-to-last among all 50 states and the District of Columbia, as it typically falls somewhere near the bottom. In many ways, the Scorecard confirmed what we already knew: that most Louisiana families, especially low-income families and families of color, are not faring well financially. What was surprising, however, was how far Louisiana had fallen.
Reading What It’s Worth was like walking through one of the glorious Asset Learning Conferences that CFED organizes, equipped with a magical Harry Potter wand that allows me to stop and re-work time so I can peer into each workshop at my leisure.
Of the 987 low-income renters whose rents were reported through a pilot program, 79 percent saw their VantageScore increase by an average of 23 points, and 15 percent moved into a lower credit score risk tier.
Financial Justice is the untold story of how a diverse group of progressive organizations took on the powerful financial lobby, pushed Congress to create a strong new consumer protection agency and against the odds, won.