Blog

Blog

FICO rolls out new credit scoring model

Consumers are getting turned down for all sorts of financial products, from personal and auto loans to credit cards. The Wall Street Journal, using Equifax data, reports that credit card approvals totaled 483,000 in the week ending May 10, down from 856,000 in the week ending March 22. To compare to the year prior, weekly…

Economic Impacts of a Moratorium on Consumer Credit Reporting

Two bills introduced in Congress, H.R. 6370 and S. 3508, ‘‘Disaster Protection for Workers’ Credit Act of 2020’’ would impose a moratorium on credit reporting of “adverse information” for the duration of the coronavirus crisis. Credit scores are an integral part of the consumer credit underwriting process as their power to predict the likelihood of…

PPI’s Ben Ritz Talks Social Security with Ric Edelman

The Director of PPI’s Center for Funding America’s Future, Ben Ritz, joined personal-finance advisor Ric Edelman on his nationally syndicated radio show to discuss the challenges facing Social Security, their role in the 2020 election, and PPI's proposal to strengthen the program for future generations. Listen to the interview below and read our full plan…

Kim for Medium: “How to get more companies to put people over profits”

Corporate profits are soaring. Yet Americans’ paychecks are inching upward by comparison. It’s no wonder many Americans feel anxious despite an economy that, by the numbers, is booming. This disconnect between shareholders’ prosperity and workers’ precarity has led many on the progressive left to question the very future of capitalism. Some 2020 presidential candidates, such…

Ritz for Forbes, “Keep the White Walkers Out of Our Tax Code”

Millions of Americans watched the 70th episode of HBO’s Game of Thrones last Sunday to see who would win the ultimate battle between the people of Westeros and the undead army of the White Walkers. But there is another undead threat here in America that has gotten far less attention, one that marches not on our lands…

TAX DAY: Why the tax time moment matters

By former United States Senator Bob Kerrey. In the movie series “Nightmare on Elm Street” the words “He’s back” indicated that the antagonist - Freddy Krueger - was not dead after all. The tax reform equivalent to Freddy Krueger is the so-called “return-free tax system” that would make the IRS the nation’s tax preparer. As…

A Strong First Year for PPI’s Center for Funding America’s Future

As the Progressive Policy Institute’s Center for Funding America’s Future wraps up its first year, we want to thank everyone who followed and supported our work. Below you’ll find a compilation of our contributions to the public discourse in 2018. Through op-eds, blog posts, media interviews, research reports, engagement with elected officials, and public forums…

Ben Ritz Discusses New PPI Report on Two Radio Interviews

Director of PPI's Center for Funding America's Future, Ben Ritz, participated in two radio interviews this week to discuss his new report, Defunding America's Future: The Squeeze on Public Investment in the United States. The report explains how short-sighted fiscal policy is undermining critical investments in education, infrastructure and scientific research that are integral to the long-term…

New Report: Washington Is Crippling America’s Economic Future

Public investment spending could fall to lowest level in modern history by 2026  WASHINGTON — Young Americans are having their future mortgaged by Washington lawmakers who are slashing critical public investments in future generations while simultaneously burying these generations under a mountain of debt, according to a new report published today by the Center for…

Republicans Double Down on Deepening Deficits

It’s official: House Republicans are campaigning on a pledge to increase the federal budget deficit. It was just 10 months ago that they enacted a package of ostensibly temporary tax cuts that is projected to increase deficits by roughly $2 trillion over the next decade. This week, they offered a series of proposals dubbed "Tax Reform…