Asset Building Program: Press

Acorn and the Housing Bubble | Wall Street Journal

Cecille Isidro — Fri, 13 Nov 2009 03:10:00 -0500

As Ellen Seidman, director of the federal Office of Thrift Supervision, said in a speech before the Greenlining Institute on Oct. 2, 2001, "Our record home ...

Consumer Groups Love Dodd's Proposed Financial Regulation | McClatchy Washington Bureau

Cecille Isidro — Thu, 12 Nov 2009 19:07:00 -0500

"The House and the Senate are singing from the same songbook," said Reid Cramer, a financial services expert at the New America Foundation, a moderate to ...

Banking Development District Initiative Advances in Los Angeles

Elizabeth Wu — Fri, 30 Oct 2009 14:22:00 -0400

For Immediate Release

Banking Districts Proposed for Low Income Areas | San Fernando Valley Business Journal

Erin Drankoski — Fri, 30 Oct 2009 11:28:00 -0400

According to the New America Foundation, more than 300,000 Angelenos lack basic checking and savings accounts. "But this is a reality in too many low-income communities throughout Los Angeles and across the state, where banks and credit unions are nonexistent," said Olivia Calderon, California legislative director of the Asset Building Program at the foundation. ... Original Article

Banks for Poor Neighborhoods in Los Angeles | La Opinion

Erin Drankoski — Thu, 29 Oct 2009 12:31:00 -0400

"A bank does not charge horrifying interest rates to customers who need an emergency loan," said Olivia Calderón, Legislative Director of the New America Foundation.

"In poor communities there is a great need and if they continue to lack basic bank accounts it will be increasingly difficult for them to get ahead," said Calderón. ... Original Article

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

Erin Drankoski — Tue, 27 Oct 2009 14:29:00 -0400

Frank: Zero Odds of Single Regulator | American Banker

Erin Drankoski — Mon, 26 Oct 2009 15:11:00 -0400

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

US Treasury Eyes Support for Community Loan Funds | Reuters

Erin Drankoski — Fri, 23 Oct 2009 15:55:00 -0400

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

Treasury Adviser: Small Institutions Should Back Consumer Agency | Dow Jones

Erin Drankoski — Fri, 23 Oct 2009 15:14:00 -0400

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. ...

Frank: No Reasonable Chance of Consolidated Bank Regulator | MarketWatch

Erin Drankoski — Fri, 23 Oct 2009 15:05:00 -0400

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

Advocates Fight for 'Underbanked' | Marketplace

Cecille Isidro — Fri, 23 Oct 2009 07:47:00 -0400

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 ...

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

Cecille Isidro — Mon, 19 Oct 2009 11:12:00 -0400

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 ...

The New America Foundation and Columbia University Receive Grant to Launch Child Development Account Policy Pilot in Niger Delta

Erin Drankoski — Tue, 13 Oct 2009 08:49:00 -0400

The Bayelsa State Government located in the delta region of Nigeria awarded Columbia University and the New America Foundation's Global Assets Project a grant to design and launch a child development account (CDA) pilot, which will test the impact of matched savings accounts for children in low-income households. This

Bank Buster | Mother Jones

Cecille Isidro — Thu, 08 Oct 2009 04:10:00 -0400

"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 ...

Congress Is Riled Up | WIBW

Cecille Isidro — Wed, 07 Oct 2009 14:35:00 -0400

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 ...

Overdraft Fees | CNN Money

Cecille Isidro — Wed, 07 Oct 2009 07:01:00 -0400

"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 ...

ASPIRE Act | U.S. News & World Report

Cecille Isidro — Tue, 06 Oct 2009 06:17:00 -0400

The purpose of the accounts, says Reid Cramer, director of the Asset Building Program at the New America Foundation, is to get people invested in their future. ...

Fearful Asymmetry: The Tiger Ages Badly | ai5000

Erin Drankoski — Mon, 05 Oct 2009 10:21:00 -0400

Reid Cramer, Director of the Asset Building Program at the New America Foundation in Washington, D.C., who researches the operation of provident funds, says they may be potentially valuable "as a source of national savings, a way to limit dependency on capital from abroad, which in turn leads to economic growth and general prosperity." ... Original Article

Underbanked Communities | Kojo Nmandi Show (WAMU)

Erin Drankoski — Mon, 28 Sep 2009 16:18:00 -0400

In Melissa Koide's interview, with the Kojo Nnamdi Show, Mrs. Koide talks about the factors contributing to the growth of "un-banked" communities and how they're related to our region's economic health. ... Original Audio

Banks Win Round 1 in Consumer Fight | CNN Money

Erin Drankoski — Wed, 23 Sep 2009 15:09:00 -0400

"'Plain vanilla' was just such a no-go for the industry, that was loud and clear," said Melissa Koide of the New America Foundation, a left-leaning Washington policy group. "It's disappointing it's coming out, because there was some middle ground on the issue."... Original Article