New report calls for the CFPB to put consumers in control of their financial well being The COVID-19 crisis has brought back to light a set of consumer issues that were exposed after the mortgage crisis of 2008, the ongoing vulnerability of consumers to sudden economic shocks, whether personal (like sudden illness) or global (like … Continued
New report explores the role government can play in preventing a climate-driven housing crash The US now routinely faces “once every hundred years floods” that leave homeowners, and communities, economically devastated. Unless we make substantial changes, we face the looming threat of another housing crash, and, like the one before it, Black and brown homeowners … Continued
New report proposes an integrated system for mitigating the effects of economic emergencies In the span of twelve short years, America has faced two economic crises with devastating long-term impacts: the Great Recession of 2008 and the COVID-19 health crisis. At each juncture, Congress has been forced to scrape together ad hoc measures that have … Continued
By: Todd N. Tucker and Rajesh D. Nayak Today The Great Democracy Initiative and the Roosevelt Institute released a new report proposing reforms to The Office of Information and Regulatory Affairs’ (OIRA) structure and regulatory review process that will be crucial to enacting a progressive agenda that is equitable, sustainable, and long-lasting. Authors Todd N. … Continued
New report explores why the time is right for an overhaul of our civil justice system New York, NY—The United States is currently facing widespread failures in its civil justice system, an essential public good that’s key to our democracy. Today’s civil courts are underfunded and overburdened, leaving many individuals without the resources needed to … Continued
New report explores how Dodd-Frank regulations can minimize Wall Street’s investment in climate change Climate change threatens our financial stability. Some experts predict that global economic losses could reach $23 trillion—three or four times the scale of the 2008 financial crisis. Despite these warnings, US-based financial institutions continue to increase their investments in dirty energy. … Continued
New report considers the possibility of implementing a student debt jubilee without further legislation, a previously unconsidered way to address the $1.6 trillion dollar student debt crisis in the US NY, NY – Today, the Great Democracy Initiative (GDI) released An Administrative Path to Student Debt Cancellation to explain how a president could implement a … Continued
Excessively high drug prices put many Americans in the impossible position of choosing between health and financial security. There are many proposals in Congress to address high drug prices, but policymakers’ deep ties to the pharmaceutical industry stand as barriers to congressional action. Recognizing that there are several actions a presidential administration could take to … Continued
In a new report, Professor Mehrsa Baradaran, author of The Color of Money and How the Other Half Banks, proposes a 21st Century Homestead Act as a progressive way to revitalize American cities and build wealth for Americans who were excluded from historical programs that built intergenerational wealth through homeownership. Baradaran looks to the 19th … Continued
New York – One year after Congress passed the Tax Cuts and Jobs Act of 2018 (TCJA), a new report from the Great Democracy Initiative, Restoring Democracy through Tax Policy, offers a bold vision for progressive tax reform. In the report, Jeremy Bearer-Friend, Acting Assistant Professor of Tax Law at NYU School of Law, argues … Continued