News

2020

December

02

• Biden: ‘We’re going to fight like hell by investing in America first.’. Biden’s top priority, he said, is getting a generous stimulus package through Congress, even before he takes office. We are courting serious long-term economic harm if we don’t deal with the

• Black households were saving more. Then came covid-19.. The covid economic crisis is a crash course in why saving for an emergency is critical, especially for Black households.

• California recibió $1.3 mil millones de apoyo por incendios forestales. Las víctimas no han obtenido nada. Después de que su domicilio en Santa Rosa, California, se quemara en el incendio de Tubbs hace tres años, Linda Adrain se mudó a un apartamento minúsculo. No

November

30

• How government incentives shaped the nursing home business. Federal government reimbursements for nursing home patients on Medicare and Medicaid have resulted in the nursing home industry retaining certain services that are reimbursed at higher rates, while neglecting to sufficiently offer basic services

• Preparing your children for a holiday with less. What if the pandemic recession has affected your family finances to the point that the usual treasure trove of presents and lavish holiday meal aren’t possible? What do you tell your children about

• Health experts urge Americans to take restrictive measures. America’s top infectious-disease expert sounded the alarm Sunday, warning of a “surge superimposed upon” a surge of coronavirus cases over the coming weeks due to Thanksgiving travel and celebrations. Fauci implored

27

• Biden has the power to make the CFPB more aggressive thanks to Trump. Analysts expect the CFPB under Biden to follow a similar model to what the agency pursued under Obama and Cordray in terms of calling out predatory practices and assessing hefty penalties. Here are some issues

25

• Realtors must now offer transparency on commissions. Real estate agents’ commissions have always been a bit mysterious to buyers. Sellers must negotiate their commission with their agent and determine how much of a commission to offer their buyer’s agent

23

• Biden pushes stimulus deal in preparation for renewed recession. Economists and the Biden team are warning that lawmakers must pass aid now, as a renewed coronavirus surge chills consumer spending and business activity.

• For families of color, pandemic brings outsized financial hit. With a major hit in the service sector, the child care gap, and the systemic wealth gap, the economy brought on by the pandemic is hurting a lot of families, especially families of color.

20

• Evictions are moving forward even though the CDC has banned them. Over 100,000 evictions have occurred in 26 cities since the start of the pandemic.

18

• Nursing home residents "set up" to die in pandemic. Long-term care facilities are a major driver of COVID-19 deaths in the country. But seniors at long-term care facilities and their families have little legal recourse when it comes to fighting for better conditions. Trump

• Financial watchdog should become stronger under Biden. The Consumer Financial Protection Bureau (CFPB) was created after the last financial crisis to be the tough cop on the beat, making sure people don't get taken advantage of by lenders, debt collectors or

17

• Black homeowners are twice as likely to have to return to renting than whites. Black homeowners are twice as likely to lose their homes and have to return to renting than whites, in part because their relatives may be less able to help if they are struggling to

• Biden fills economic posts with experts on systemic racism. When it comes to economic policy, President-elect Joe Biden is putting racial disparities high on the agenda as he assembles his administration.

16

• Home prices are in a bubble. Full stop.. Much of the focus on the housing market lately has centered on the short-term environment, with the low inventory of homes cited for rising prices and a jump in rental vacancy rates driving rents lower.

14

• Biden’s transition teams suggest tougher Wall Street oversight. The president-elect has chosen proponents of stronger regulation to begin reviewing financial agencies.

• What a Biden administration would mean for consumers. When President-elect Biden assumes office in January, consumers will have a better advocate in the White House after four years of the Trump administration, which weakened protections. Here are the ways a Biden administration could

13

• Scammers target people still waiting for financial relief. Anyone who didn’t file a tax return for 2018 or 2019 and has not yet received pandemic relief funds has until Nov. 21 to claim the payment

• Biden SEC likely to push more climate, diversity disclosures. The SEC will have the power, under Democratic control, to mandate corporate disclosures on diversity and climate change risks, police more of Wall Street, and reverse recent efforts to ease capital raising in private markets