Does the use of credit checks negatively affect lower-income job applicants, and if so, what policies and practices can mitigate this impact? Research indicates that nearly half of employers check an applicant’s credit history when hiring. This indicator raises … Continued
Topic: Consumer Protections
It is clear that those who use payday loans need access to short-term, small-dollar credit. With growing wage and income inequality and in the absence of living-wage jobs, people are bound to continue to need short-term, small-dollar loans to smooth … Continued
The Homeownership Preservation Foundation, an independent national nonprofit dedicated to helping distressed homeowners navigate financial challenges and avoid mortgage foreclosure, taps UNC Center for Community Capital Executive Director Janneke Ratcliffe for its board of directors.
UNC Center for Community Capital researchers testified May 14 before the Ohio Senate that North Carolinians did not miss payday lending after it was de-authorized in the state. The next day, Ohio legislators voted to drastically curtail payday lending.
Three UNC experts presented findings at a national policy conference Nov. 5-6 on Center for Community Capital research examining a range of policies that affect the ability of low- and moderate-income people in the United States to build and sustain wealth.
Systemic risk can be considered the fifth horseman of the financial industry Apocalypse. At the extreme, it is the threat posed by the potential failure of one or more institutions to the entire U.S. economy.
Anti-predatory lending laws enacted by some states in the past decade to protect consumers from abusive and unfair mortgage practices saved many people from losing their homes during the foreclosure crisis, according to new research findings from the UNC Center for Community Capital.