Moving Toward a Wall Street Tax
A Capitol Hill briefing with JARED BERNSTEIN, Senior Fellow, Center on Budget and Policy Priorities; former chief economist to the Vice President; SARAH ANDERSON, Global Economy Project Director, Institute for Policy Studies; DAVID HILLMAN, Director of Stamp Out Poverty and Founder of the Robin Hood Tax Campaign (UK); ANDREW HANAUER, Campaigns Director, Jubilee USA Network; HEATHER SLAVKIN CORZO, Director of the AFL-CIO Office of Investment; and ROBERT WEISSMAN, President of Public Citizen.
AFR in the News: Protecting Soldiers’ Finances a Growing Priority (CNBC)
“The Military Lending Act [restricts] small-dollar, short-term lending practices, but lenders have found many ways around the law. The Defense Department has proposed beefing up the act… so that it applies to ‘all forms of payday loans, vehicle title loans, refund anticipation loans, deposit advance loans, installment loans, unsecured open-end lines of credit, and credit cards…’ A number of financial services industry associations believe the current proposal… takes the wrong approach… [But] the Consumer Federation of America, the National Consumer Law Center and Americans for Financial Reform all support the expansion.”