On November 27, 2017, White House Budget Director Mick Mulvaney showed up to his new job as Consumer Financial Protection Bureau Interim Director with a box of donuts. We all love donuts, but during the few months Mulvaney has been in office, his actions have begun to leave a sour
Good morning, Chairman Dever, Ranking Member Smith and members of the committee. My name is Kalitha Williams and I am the policy liaison for asset building at Policy Matters Ohio, a nonprofit, nonpartisan organization with the mission of creating a more prosperous, equitable, sustainable and inclusive Ohio. My work centers
Columbus, Ohio — Ignoring Ohio community and advocacy organizations that defend borrowers from predatory payday lending, Representative Steve Stivers (R-Ohio) co-sponsored a bill that would stop implementation of a rule finalized by the Consumer Financial Protection Bureau last month. The rule that would be halted by the bill requires payday
After years of deliberation, research, stakeholder engagement and fielding more than 1 million comments, the Consumer Financial Protection Bureau (CFPB) announced the final rule to regulate payday and car title lending today. The CFPB’s rule is a key first step to safeguard consumers from the worst business practices that leave
In 2004, the Ohio legislature passed the Ohio Debt Adjusters Act to protect Ohioans from unscrupulous debt settlement companies that claim to help people get out of debt, but often end up harming them even more. Senate Bill 120 aims to roll back many of the ODA’s protections. Today Policy
Good afternoon, Chairman Hottinger, Ranking Member Brown and members of the committee. My name is Kalitha Williams and I am the policy liaison for asset building at Policy Matters Ohio, a nonprofit, nonpartisan organization with the mission of creating a more prosperous, equitable, sustainable and inclusive Ohio. My work centers
A year ago today, after a hard-fought battle between consumer advocates and the financial industry, the Consumer Financial Protection Bureau (CFPB) issued a draft rule aimed at reining in the worst abuses of payday, car title and other high-cost debt trap lending schemes. Now consumer advocates are gearing up for
Good afternoon, Chairman Dever, Ranking Member Kent and members of the committee. My name is Kalitha Williams and I am the policy liaison for asset building at Policy Matters Ohio, a nonprofit, nonpartisan organization with the mission of creating a more prosperous, equitable, sustainable and inclusive Ohio. My work centers
Senator opposes regulations of prepaid debit cards Policy Matters Ohio Policy Liaison Kalitha Williams joined Ohio PIRG and Ohio State Representative Kristin Boggs for a press conference after hand-delivering a letter to Senator Rob Portman. The group called on Portman to defend the Consumer Financial Protection Bureau from legislative attacks.
The reform would lift more Ohio workers out of poverty Ohio is one of 26 states with an Earned Income Tax Credit (EITC), but it doesn’t go far enough. Senate Bill 35 would reform the state’s EITC and provide a much-needed boost to Ohio’s working poor. Today, Policy Matters Ohio
Good afternoon, Chairman Eklund, Ranking Member Williams and the members of the committee. My name isKalithaWilliams and I am the policy liaison for asset building at Policy Matters Ohio, a nonprofit, nonpartisan organization with the mission of creating a more prosperous, equitable, sustainable and inclusive Ohio. My work centers on
Senate Bill 24 loosens regulations on installments loans and increases fees
