The New York Times assistant business and financial editor, Gretchen Morgenson, published an article about the proliferation of credit and its impact for individuals struggling to get out and remain out of the debt trap. As the housing market fails and the predatory practices of mortgage lenders are revealed, regulators might need to explore a [...]
A recent study released by the Center for American Progress found that in 2004 middle-income families had $31 billion in outstanding loans to their 401(k) retirement plans. These loans cut into the benefits of compound interest and can have a lasting impact on a person’s retirement. The loans were primarily used to get by during [...]
A recent article from State Legislatures highlights asset-building work in several states. Click here to read the article.
Click here to read about the problems renters face in the foreclosure crisis.
Sunday’s Chicago Tribune article, “Interest Still High in Payday Battle,” highlights the struggles to protect consumers from the traps of payday loans. To read the article, click here.