#credit history bureau

[dataseedz]

Insurance policy As Well As Your Credit Score Report (Part II)

Insurance policy As Well As Your Credit Score Report (Part II)

If I do not know my rating, and my score varies from company to business and day to day, exactly how will I know if my credit history is influencing my insurance purchases? The FCRA calls for an insurance company to inform you if they have taken an “adverse action” versus you, in whole or partially, due to your credit record info. If your firm informs you that you have actually been detrimentally…

[bitchesgetriches]

Check out today's NEW POST! I read 3 whole books for this one and the research took me weeks. It was a lot of work and I require your validation! So read it at the link above. Here's an excerpt:

Credit Scoring Is a Racist, Classist System that Has Us All Trapped

You can’t build a solid house on a cracked foundation. The house of credit scoring was built upon a foundation of institutionalized racism. Its cornerstones are slavery and Jim Crow. And a white person owns it because the mortgage lender denied a Black person’s application.

If you found this helpful, consider joining our Patreon.

[kentuckybats]

Comparison chart explaining the different credit score requirements for FHA, VA, USDA, and Fannie Mae loans in Kentucky

Here’s a comparison chart explaining the different credit score requirements for FHA, VA, USDA, and Fannie Mae loans in Kentucky for a home loan: Table   Loan Type FHA Loan VA Loan USDA Loan Fannie Mae Loan Minimum Credit Score 500 (10% down) or 580 (3.5% down) no minimum score no minimum score 620 Down Payment 10% (with credit score 500-579) or 3.5% (with credit score 580+) No down payment…

[mostlysignssomeportents]

The CFPB is genuinely making America better, and they're going HARD

On June 20, I'm keynoting the LOCUS AWARDS in OAKLAND.

Let's take a sec here and notice something genuinely great happening in the US government: the Consumer Finance Protection Bureau's stunning, unbroken streak of major, muscular victories over the forces of corporate corruption, with the backing of the Supreme Court (yes, that Supreme Court), and which is only speeding up!

A little background. The CFPB was created in 2010. It was Elizabeth Warren's brainchild, an institution that was supposed to regulate finance from the perspective of the American public, not the American finance sector. Rather than fighting to "stabilize" the financial sector (the mission that led to Obama taking his advisor Timothy Geithner's advice to permit the foreclosure crisis to continue in order to "foam the runways" for the banks), the Bureau would fight to defend us from bankers.

The CFPB got off to a rocky start, with challenges to the unique system of long-term leadership appointments meant to depoliticize the office, as well as the sudden resignation of its inaugural boss, who broke his promise to see his term through in order to launch an unsuccessful bid for political office.

But after the 2020 election, the Bureau came into its own, when Biden poached Rohit Chopra from the FTC and put him in charge. Chopra went on a tear, taking on landlords who violated the covid eviction moratorium:

https://pluralistic.net/2021/04/20/euthanize-rentier-enablers/#cfpb

Then banning payday lenders' scummiest tactics:

https://pluralistic.net/2022/01/29/planned-obsolescence/#academic-fraud

Then striking at one of fintech's most predatory grifts, the "earned wage access" hustle:

https://pluralistic.net/2023/05/01/usury/#tech-exceptionalism

Then closing the loophole that let credit reporting bureaus (like Equifax, who doxed every single American in a spectacular 2019 breach) avoid regulation by creating data brokerage divisions and claiming they weren't part of the regulated activity of credit reporting:

https://pluralistic.net/2023/08/16/the-second-best-time-is-now/#the-point-of-a-system-is-what-it-does

Chopra went on to promise to ban data-brokers altogether:

https://pluralistic.net/2024/04/13/goulash/#material-misstatement

Then he banned comparison shopping sites where you go to find the best bank accounts and credit cards from accepting bribes and putting more expensive options at the top of the list. Instead, he's requiring banks to send the CFPB regular, accurate lists of all their charges, and standing up a federal operated comparison shopping site that gives only accurate and honest rankings. Finally, he's made an interoperability rule requiring banks to let you transfer to another institution with one click, just like you change phone carriers. That means you can search an honest site to find the best deal on your banking, and then, with a single click, transfer your accounts, your account history, your payees, and all your other banking data to that new bank:

https://pluralistic.net/2023/10/21/let-my-dollars-go/#personal-financial-data-rights

Somewhere in there, big business got scared. They cooked up a legal theory declaring the CFPB's funding mechanism to be unconstitutional and got the case fast-tracked to the Supreme Court, in a bid to put Chopra and the CFPB permanently out of business. Instead, the Supremes – these Supremes! – upheld the CFPB's funding mechanism in a 7-2 ruling:

https://www.scotusblog.com/2024/05/supreme-court-lets-cfpb-funding-stand/

That ruling was a starter pistol for Chopra and the Bureau. Maybe it seemed like they were taking big swings before, but it turns out all that was just a warmup. Last week on The American Prospect, Robert Kuttner rounded up all the stuff the Bureau is kicking off:

https://prospect.org/blogs-and-newsletters/tap/2024-06-07-window-on-corporate-deceptions/

First: regulating Buy Now, Pay Later companies (think: Klarna) as credit-card companies, with all the requirements for disclosure and interest rate caps dictated by the Truth In Lending Act:

https://www.skadden.com/insights/publications/2024/06/cfpb-applies-credit-card-rules

Next: creating a registry of habitual corporate criminals. This rogues gallery will make it harder for other agencies – like the DOJ – and state Attorneys General to offer bullshit "delayed prosecution agreements" to companies that compulsively rip us off:

https://www.consumerfinance.gov/about-us/newsroom/cfpb-creates-registry-to-detect-corporate-repeat-offenders/

Then there's the rule against "fine print deception" – which is when the fine print in a contract lies to you about your rights, like when a mortgage lender forces you waive a right you can't actually waive, or car lenders that make you waive your bankruptcy rights, which, again, you can't waive:

https://www.consumerfinance.gov/about-us/newsroom/cfpb-warns-against-deception-in-contract-fine-print/

As Kuttner writes, the common thread running through all these orders is that they ban deceptive practices – they make it illegal for companies to steal from us by lying to us. Especially in these dying days of class action suits – rapidly becoming obsolete thanks to "mandatory arbitration waivers" that make you sign away your right to join a class action – agencies like the CFPB are our only hope of punishing companies that lie to us to steal from us.

There's a lot of bad stuff going on in the world right now, and much of it – including an active genocide – is coming from the Biden White House.

But there are people in the Biden Administration who care about the American people and who are effective and committed fighters who have our back. What's more, they're winning. That doesn't make all the bad news go away, but sometimes it feels good to take a moment and take the W.

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/06/10/getting-things-done/#deliverism

[chichiscloset]

How I Earned a 782 Credit Score at 23

I believe that understanding the ins and outs of managing our finances is essential in our quest for leveling up in life. After all, what good is achieving our dreams if we're not equipped with the knowledge and tools to sustain and grow our success? So how did I do it?

1. Living with parents while in school

While I had the advantage of fewer bills to pay, I still encountered challenges in managing my finances effectively. In the past, I used to blow money like it was nothing, with little to no savings to show for it. However, recognizing the opportunity to change my habits, I embarked on a journey of financial education, starting with reading "Rich Dad Poor Dad" by Robert Kiyosaki. Over the course of 6-12 months, I diligently saved and invested most of my income, laying the groundwork for my financial future. This disciplined approach not only helped me build a healthy relationship with money but also demonstrated to the bank that I was responsible and capable of handling a credit card. It was only after this period of financial growth and learning that I felt confident enough to apply for my first credit card. After being rejected 3 times prior!

2. Become Delusional as F**k

The biggest change in my relationship with money came when I realized that it's not inherently bad; I have a good relationship with money, and money works for me—this is my reality i lived in even during the times I was broke. I remained delusional in my belief that financialsuccess for me was attainable, and remarkably, it worked. This perspective empowered me to view money as a tool for creating wealth rather than something to fear. I learned to use a credit card to work for me, not as a slave to debt, and discovered how to leverage debt to make more money. This shift in mindset helped me overcome financial fears and embrace opportunities for growth.

For more financial literacy context read these posts

Escape Your 9-5 Job If You Don’t Want to Work

“Make Money When your Young, Pretty & Ambitious.”

How to make a credit card work for you

Keep Low Credit Utilization:

Aim to keep your credit card balances low relative to your credit limits. This utilization ratio should ideally be below 30%, with lower percentages being even better. High credit utilization can negatively impact your credit score.

Pay On Time, DONT MISS PAYMENTS

Consistently paying your credit card bills on time is crucial for maintaining a high credit score. Late payments can significantly damage your credit score and stay on your credit report for years.

Keep Old Accounts Open:

The length of your credit history is an essential factor in determining your credit score. Keeping old credit card accounts open, even if you're not actively using them, can help lengthen your credit history and improve your score.

Monitor Your Credit Report:

Reviewing your credit report allows you to identify any errors or inaccuracies that could be negatively impacting your score. You're entitled to a free credit report from each of the major credit bureaus—Equifax, Experian, and TransUnion—once every 12 months.

Avoid Closing Old Accounts

Closing old credit card accounts can shorten your credit history and reduce your overall available credit, both of which can lower your credit score. Unless the account carries high fees or you're unable to manage it responsibly, consider keeping it open.

Conclusion:

Through disciplined financial habits and strategic planning, I achieved and maintained a high credit score. This journey is only the beginning of my commitment to financial responsibility. For more insights on financial literacy, be sure to check out my other posts. Remember, with dedication and planning, anyone can achieve their financial goals

Until we talk again !

Chichi

[simplegenius042]

Music Monday, WIP Wednesday & Last Line

Tagged by @cassietrn and @voidika

Tagging @imogenkol @inafieldofdaisies @adelaidedrubman @shellibisshe @aceghosts @socially-awkward-skeleton @noodlecupcakes @josephseedismyfather @icecutioner @derelictheretic @shallow-gravy @direwombat @strangefable @rhettsabbott @josephslittledeputy @cloudofbutterflies92 @skoll-sun-eater @carlosoliveiraa @g0dspeeed @wrathfulrook @afarcryfrommymain @strafethesesinners @turbo-virgins @raresvtm @softtidesworld @starsandskies @ladyoriza @la-grosse-patate @florbelles @minilev @yokobai @thewanderer-000 @omen-speaker @justasmolbard @alypink @thesingularityseries @nightwingshero and @lulu2992 + anyone else who'd like to join.

Got songs for The UnTitledverse, Wings And Horns and A Radioactive Calamity Of Love, Bombs & Gore, with a snippet for a new FC5 The Silver Chronicles WIP as well as a last line for You Make My Heart Go Doki Doki Literature Club!. You can listen to the songs and read the WIPs snippets below:

Legend is important. It's part of history and culture. It should always be preserved in the present to better understand our past to make way to the future. Now many of my series divulge into legends and myths and old stories. Some of them outright make reverence to events long passed (the Extermination Purge Wars, the Big Bangs, the fall of the Houses of the Old Gods and the foundation the Time Bureau Authority, etc). Sometimes all that was in the past emerges into the present (with the likes of the Arachnoids, Exterminators, the Old Kin and more). However, one historical text in my series is the abolishment of the (while benevolent, very flawed) Soulmate System, which my Original Work Wings And Horns is set in. The plot is that more and more mortals are being discovered without soulmarks (which come in the form of marks, initials, countdowns, etc, depending on the person and timeline), so the New Gods send Archangel Metatron and an Angel of Death cadet, Azriel, to investigate the phenomenon to see whether it is natural or manufactured. Metatron wants to preserve and fix the system because he believes mortals require it, meanwhile Azriel just wants the credit so her soul can be reincarnated at an earlier date. The duo behind the soulmark removals is a Sloth Demon by the name of Xiang Ba'al and his adopted daughter, a Sinner's soul by the name of Jezebel. This cat and mouse chase is what ultimately dictates the decision the New Gods are debating; should mortals require on the guidance on something as small as love? Or should mortals find the love of their life on their own, a small step to gifting them a responsibility that had drastically the status quo beforehand thousands of years ago; that being, Free Will?

"Legends never die When the world is calling you Can you hear them screaming out your name? Legends never die."

"They never lose hope when everything's cold And the fighting's near." "It's deep in their bones They'll ride into smoke when the fire is fierce." "Oh, pick yourself up 'cause

Legends never die Legends never die Legends never die Legends never die!"

"Legend never dies They're written down in eternity But you'll never see the price it costs The scars collecting all of their lives."

"When everything's lost They pick up their hearts and avenge defeat Before it all starts They suffer through harms to touch and dream." "Whoa, pick yourself up 'cause

Legends never die Legends never die Legends never die Legends never die!"

"Legends never die." "When the world is calling out your name." "Begging you to fight." "Oh, oh, oh, pick yourself up Once more, pick yourself up 'cause

Legends never die Legends never die Legends never die Legends never die!"

"Legends never die."

Walking Fate is a fic series in The UnTitledverse based in Telltale's The Walking Dead video game. The fic classically follows (most) of the game/s, but does diverge a bit off with pivotal focus on Clementine and an OC of mine whose the runaway son of Darling Enterprises, a multi-business juggernaut, Malcrum Darling, and their relationship. They're definitely not "tragic star-crossed lovers". I'd never do such a thing in The Walking Dead universe. Here's a song about Malcrum's feelings towards Clementine that's definitely in no shape or form supposed to be interpreted as inno- I mean twisted. Enjoy!

"Hey, he-ey-ey, he-he-hey

Your lipstick stains On the front lobe of my left side brains I knew I wouldn't forget you And so I went and let you blow my mind

Your sweet moonbeam The smell of you in every single dream I dream I knew when we collided You're the one I have decided who's one of my kind

Hey, soul sister Ain't that Mr. Mister on the radio, stereo The way you move ain't fair you know Hey, soul sister I don't wanna miss a single thing you do, tonight

Hey, he-ey-ey, he-he-hey

Just in time I'm so glad you have a one track mind like me You gave my life direction A game show love connection we can't deny

I'm so obsessed My heart is bound to beat right out my untrimmed chest I believe in you Like a virgin, you're Madonna And I'm always gonna wanna blow your mind.

Hey, soul sister Ain't that Mr. Mister on the radio, stereo The way you move ain't fair you know Hey, soul sister I don't wanna miss a single thing you do, tonight."

Throughout A Radioactive Calamity Of Love, Bombs & Gore, one universal rule is applied; it doesn't matter you are. From a vault dweller who drew the short straw to a psychotic resident of Vault 76 whose a bit too obsessed with wanting to kill her neighbors. A talking Deathclaw to a Ghoul addicted to chems. A brother who wants to uphold the morals his mother taught him in the Wasteland to his amoral sister who kicks old people people and harasses the less fortunate because she's from a wealthy crime family. Because in the end... they have to stand up to Arcane Urias. (Those poor fuckers are gonna die LOL!!!). Because I guess it's the right to do (in the context of self-preservation against the threat of annihilation).

"Up in the morning, up in the evening Pickin' down clocks when the birds get back to eat Oh, to eat

Up on the mountain, down in the king's lair Pushing these boxes in the heat of the afternoon Oh, afternoon

We were never welcome here We were never welcome here at all No

It's who we are, doesn't matter if we've gone too far Doesn't matter if it's all okay Doesn't matter if it's not our day

Oh, won't you save us, what we are Don't look clear, it's all uphill from here Oh-oh

Up in the attic, down in the cellar Lost in a static, coming back for more Oh, for more

Out with the reason, in with the season Taking down names in my book of jealousy Jealousy

We were never welcome here We were never welcome here at all No!"

An long FC5 WIP for The Silver Chronicles, a new one at that, one I'm naming after the lyrics of David Kushner's "Daylight"; because David Kushner and his songs fit The Silver Chronicles on a scary level. Anyway, the WIP is called Oh, I Love It And I Hate It At The Same Time. You And I Drink The Poison From The Same Vine. Hiding All Our Sins From The Daylight... also known as "the fic where Silva and Paul survive the Tumultite Massacre together and their father/daughter relationship worsens into co-dependence in Montana". Where's Elsa and Persephone at? Well, they'll arrive in the later half of the fic... along with Kamski. Despite the fact their relationship not being "gonna kill you for hurting me even though you were good once", this is far from a good and healthy outcome for both Silva and Paul. In spite of this, they make a dangerous duo (as expected of the two), something the Seeds kind of suspect when they meet them. Enjoy being as lost as the Seeds are in this scene snippet below when Paul interrupts them meeting the Muse herself at a social gathering Pre-Reaping. [Would like to add that the WIP is fairly new, and I'm still working on this scene, and may make a few changes in the near future when I have the time. Expect some mistakes]:

When the question left Joseph's mouth, he felt a pain clutch his shoulder.

With a surprised hitch of his breath, he glanced down to gloved fingers that dug into his shoulder blade with an astonishing unnatural amount of strength.

"Her padre, of course," the soft gleeful voice of the hand's owner answered from beside him, the tone sickeningly sweet.

The stranger's head faced Joseph, his eyes closed to Joseph's seeking blue. His lips curved up in a polite and cheerful smile, one that should be dripping with honey.

The man's eyes briefly opened to reveal burning yellow eyes, bordering on an intense gold. Joseph could not shake the feeling that he's seen those eyes before. A vision perhaps?

Joseph felt himself tense as he recognized the way this man looked at him; the way John sometimes gazed upon the Sinners. A predator that has targeted its prey. And it was Joseph who was already in his clutches.

The man blinked, and the inhuman hue was gone. Instead, a pale hazel resided in its stead. He drifted his eyes away from Joseph, locking with the oblivious grey of the deputy that heralded the coming of the Collapse.

An inexplicable dread coiled in his gut when the man's features genuinely lightened at the sight of his family's judge.

"Ah, il mio piccolo Boa!" he greeted with a beaming grin, letting go of Joseph's aching shoulder to push past him, swiftly making his way to Silva to the Seed's collective daze. The man wrapped his arms over Silva's body, embracing the slightly shorter woman. She seemed delighted by his unexpected appearance.

They both pulled away, though gloved hands remained on the other's arms. The man, though a stranger to the crowd around her, seemed to be a familiar face to Silva. Joseph watched the stranger's hand glide caressing fingers across her dark hair affectionately, following the slivers of the dyed silver trails that reached to her braid, "And how are you fairing this fine hour?"

Silva graced the question with a smile; not the formal and polite smile that served to keep a front up to strangers, but one with an undeniable sincerity shining through.

"Hola to you too, Paul," Silva returned with bemusement, "I was just making some new friends. What brings you over?"

From behind Paul, Joseph could see the man's head tilt. Through the abrupt gesture, Silva's features suggested she understood the meaning, "Um, amigos, Paul."

"Ah," Paul seemed to understood, sneaking an obvious glance towards Joseph and his siblings. There was no trace of gold in those hazel eyes, and the intensity lesser than when he locked eyes with Joseph, but the suspicion directed towards them held a sharp edge to it. Paul let another word roll down his tongue, but the tone matched his gaze, "Amici."

In spite of the growing uneasiness, Joseph willed himself to keep a calm front. He was unsure why Paul off-put him. Joseph regarded the man; his stature was slight taller than Silva's, but similar to Joseph's own height. He was older than all of them, including Jacob; perhaps a decade older. His hair was blonde- or rather, dyed blonde, as Joseph noted the light brown at the sides of his head. His complexion wasn't too dissimilar from Silva's own, maybe deeper.

Joseph took note of the few faded scarring scarcely scattered around his face, and like Silva's, time had laid its healing hands on Paul's own wounds.

Joseph paused his observation, about to make introductions with the askant man when John stepped forward first.

"Yes, we were giving our compliments to Silva for the couscous salad you've brought. She was just telling us it was a co-opted effort," John stated with a grin, one Joseph's had become accustomed to over the years. John's move peaked Paul's interest, his suspicion replaced with curiosity. With his audience captured, Joseph watched approvingly as John continued, a hand outstretched, "I don't believe we've met mister...?"

Recognition shined in Paul's eyes, though it was swept away with a grin bigger than John's as his gloved hand grasped John's in a steady shake, "Yellowjack. But please, just call me Paul. I've always felt the term "mister" gives off the impression I'm married, or worse, boring."

Jacob raised a brow, though refrained from commenting as John replied when letting go of Paul's hand, "Noted. So, are you a friend of Silva's or family?"

Paul shared a glance with Silva and replied, "Family. I'm her padre. I've taken care of her for a long time."

Joseph focused on both Silva and Paul; he couldn't find anything indistinguishably shared between both, though he considered that Silva might just take after her mother than Paul. However, he didn't discard the possibility that Paul was Silva's adoptive father rather than her blood relative.

He kept his thoughts to himself though; reasoning that bringing up the question wouldn't be appropriate so early now. Especially if there's a layer of deception underneath Paul's relation with Silva; he didn't want to unintentionally compromise her safety if Paul held more sin than Joseph already suspected he did.

Silva spoke up, grabbing everyone's attention as she pointed out, "You know Paul, you never answered my question."

Paul seemed to stiffen; clearly a dramatic display rather than serious, as Paul finally answered Silva, "Well, you see, I had caught up with good ol' Virgil before he had to run off for his own business and I saw you speaking to these truffatori impopolari, quindi volevo solo controllarti. You know?"

Joseph and Jacob shared a glance; none of them could interpret the words Paul had sputtered out, though Joseph relaxed when Silva gave Paul a soft smile, "I'm grateful for your concern. But I've got this handled. Gracias, though."

Paul relaxed his stiffness, and Silva brought his attention back towards them, "Now how about some introductions?"

"Great idea," Paul agreed, hazel scanning across the four siblings, "How about we go oldest to youngest?"

Jacob's mouth thinned, blue eyes narrowed as he scrutinized Paul with harsh judgement. Joseph watched as his brother scanned the older man's black and yellow attire. It was flaunting a level of wealth, typical of someone who indulged in vanity. However, that didn't sit right with Joseph. He decided to dwell on it later as he watched Paul and Jacob.

Paul glanced to Jacob, and after a pause, he leaned closer, "Let's start with you ragazzone."

Jacob stared down Paul, who was an inch or two shorter than the red-head. He exhaled out an annoyed huff, and gruffly stated, "Name's Jacob."

Paul hummed and straightened up his posture, hazel eyes trailing Jacob's forest green jacket and body. His eyes seemed to linger on the American flag, Jacob's burns and, oddly enough, his biceps more often. Paul clicked his tongued and nodded his head approvingly, "That checks out. But man, sei una delizia per i miei occhi."

Silva had a bemused expression at Paul's words. Jacob, though, raised a brow, "Mind sharing on what's on your mind?"

Paul had snapped out of his trance, and he swiftly blurted out, "Oh, I just said you looked good, is all."

Paul's attention hastily turned to John and Joseph. He looked between the two, but when the older man focused on him, Joseph witnessed his cheer drop abundantly when their eyes met.

The cold dread surfaced once more. The dead-eyed scrutiny the older man reserved for Joseph alone alarmed him. Joseph could not understand Paul's behavior. Neither could he recall any cases where he could have slighted the man, despite this being their first meeting. He'd never seen Paul in any of his visions, only Silva.

Regardless, Joseph chose to retaliate with a gentle greeting, "My name's Joseph. My family and I run the chapel over on the island by the Henbane."

"Oh yeah, I know," Paul calmly told him, all the playfulness gone, "You're the head of the Project at Eden's Gate, correct?"

Joseph curtly nodded in confirmation, and Paul continued, "Yes, I've heard quite a lot about you. Folks around here always have something to say about your little project."

Joseph's lips thinned, disappointment resonating in his chest. So the sinners lies are spreading swiftly. He was displeased by this knowledge, but he resolved to help Paul see the light. If not for his own soul, then the sake of his daughter's.

John stepped in, interrupting the exchange, "All good things, one would hope."

Paul turned attentively to John with an upbeat rejuvenation, disregarding Joseph, "Well, they can't certainly be all bad now, can they?"

Paul's change in demeanor reminded Joseph of John; both hid their emotions behind a carefully crafted mask and would only reveal their true feelings to those they liked or trusted. However, Paul had more self-control over his emotions and mannerisms.

"And I don't believe you shared your name," Paul pointed out to John.

"John. And if I may, we'd encourage you and your daughter to come for at least one sermon," John invited. Joseph smiled at John's attempt to salvage Paul's soul.

The man in question gave a brief glance to Silva, who shrugged, before returning to John and saying, "Preferirei di no."

John waited for Paul to specify but the latter's attention shifted to their final sibling. Joseph caught a flash of an offended scowl on John's face, so Joseph reached a calming hand on his younger brother's shoulder. It worked, the scowl lost in a practiced exhale.

"Oh, look at this, they have a sorella Silva," Paul said with a grin as he stepped closer to the shorter Faith. Silva narrowed her eyes suspiciously at her father.

Admittedly, so had Joseph.

"What's your name?" Paul asked. Faith shifted, hands behind her back as a delighted smile stretched across her lips with an answer, "It's Faith."

"Faith," Paul repeated her name, seeming to break it down before giving a small bow, adding with sincerity, "A powerful name for a powerful woman. It suits you."

Paul's compliment had three separate effects from what Joseph could see; it had flattered Faith, who thanked Paul for his kind words. It had annoyed John, who rolled his eyes at the exchange.

And it had concerned Joseph, at least as the Father; while he had entrusted Faith in a role that required her to attract converts to their flock, he was weary of those with perverse sins that would embolden them to act on certain depravities.

There had been minor incidents that had occurred, at least in earlier years, though Faith had shown a strength and belief that always reaffirmed him in his decision to bring her in. Especially when she purified the souls of those who indulged in such vices, allowing them to serve the Project free of their sinful shackles; as angels.

He monitored Paul, watching as the man gazed into Faith's eyes, and saw once again how he lightened up. Paul noted aloud, "I must say, you have such lovely green eyes. Is that a recessive trait?"

As Faith gave an explanation to Paul, Joseph was more confused. The way he stated the detail was too specific. And he had stated loud enough for only their small group to hear.

He glanced to Silva, and was met with a menagerie of changing expressions; first was confusion, then came analysis, followed by baffled realization, until she finally settled on looking unimpressed.

With her reactions, Joseph was at a loss on how to view this interaction between Paul and Faith. Until Paul pulled out of his conversation with Faith and attentively singled Silva out, "You know Silva, se volevi solo parlare con la ragazza, non dovevi fare di tutto per incontrare prima tutta la sua famiglia, right?"

Silva blinked at Paul, staring agape as she processed the stream of words he told her aloud. A blush darkened her skin, grey eyes wide in astounded and embarrassment.

Ah, I see now, Joseph deduced, glancing from Silva to Paul, He's teasing her.

Evidenced by the cheeky grin that grew across Paul's face as he continued, "Lei è certamente una partita. Se vuoi, posso impartirti un po' di saggezza sul primo appuntamento. Purché non riceva un invito a nozze entro la fine dell'anno, eh Silva?"

Silva furrowed her brows at Paul, the blush expanded. She traversed over to grab Paul, telling him, "¡Ey! ¡Ya es suficiente de tu parte!"

Despite an irate Silva telling off a snickering Paul who fruitlessly tried to calm down his daughter, Joseph couldn't help but be endeared by the display in front of him. There was something else too... but he elected to push it away for the time being.

Joseph turned to address his family, and paused as John commented to Faith and Jacob, "Who here suspects this isn't an uncommon occurrence between these two?"

"I don't doubt it," Jacob affirmed, eyeing the duo, specifically Paul, "He's definitely the embarrassing parent."

And here's a few short paragraphed snippets for my DDLC WIP called You Make My Heart Go Doki Doki Literature Club! for the Last Lines tag. Sayori (plus Yuri and Natsuki) enters the club and interrupts... something:

The door class door clicked open, and both students snapped their heads to Sayori entering the class, who freezes once her blue eyes took in the sight of a frazzled and flushed Monika whose uniform was unkempt and fists were gripping the opened blazer flaps of the equally more disheveled and flushed new student Haoyu, both of their faces in close proximity of each other.

"This isn't what it looks like!" a horrified Monika quickly utters out, letting go of Haoyu's blazer and letting the green-dyed brunette troll drop to the floor with an ignored 'oomph!' as she went to address her club's co-president.

Only to stutter when, much to her horrifying embarrassment two more familiar faces entered the room beside Sayori; that of Yuri who didn't immediately comment on the situation and Natsuki who rushed in with a burning question to Monika's poorly timed outburst, "What doesn't look like what? Wait..."

Monika watched as Natsuki regarded her appearance, and then her pink eyes shifted to Haoyu leaning up nearby the coral brunette; who was repeatedly trying to blow hair away from their face, to a miserable degree of failure.

Once pink met emerald green, Monika could feel sweat start to break when she unfortunately witnessed a mischievous and teasing glint shine in her clubmate's eyes. With a teasing grin, Natsuki asked, "So what's going on in here?"

[uwmspeccoll]

Happy Labor Day!

In recognition of Labor Day and the continued fight for workers’ rights, we’re highlighting a 1921 National Women’s Trade Union League pamphlet from our social-justice-based Fromkin Memorial Collection.  

The National Women’s Trade Union League (WTUL) was established in 1903 to represent women's rights within the American labor movement and remained active until 1950. The organization was notable for its diverse population of working women and upper-class reformers, including Eleanor Roosevelt, who fought side by side to organize women workers into unions, provide educational opportunities to women and girls, and solidify protective workplace and social legislation. The WTUL is credited with playing a critical role in supporting the 1909 New York Uprising of the 20,000, which remains the largest strike by American women in history. Within their working-class ideology, WTUL also advocated for the eight-hour workday and supported women’s suffrage.  

This promotional pamphlet spotlights three of the WTUL’s achievements including opening a School for Women Leaders in the Labor Movement in 1911, initiating a federal investigation into the conditions of woman and child wage-earners in 1907 which lead to the establishment of the Department of Labor Women’s Bureau in 1920, and presenting its Reconstruction Program at the 1919 international Peace Conference.  

While we enjoy a long Labor Day weekend (or perhaps time and a half pay for union members), may we also reflect on the WTUL’s spirit and accomplishments and all of those who continue to fight for social justice. 

View posts from Labor Days past.

-Jenna, Special Collections Graduate Intern 

[hellyeahscarleteen]

"Proposed legislation could help clear significant credit reporting hurdles for transgender and nonbinary people. Democratic Sens. John Fetterman and Tina Smith will introduce a bill Thursday requiring credit reporting agencies to use only a person’s current name in their credit reports, Fetterman’s office shared with The 19th exclusively.

The Name Accuracy in Credit Reporting Act would amend the Fair Credit Reporting Act, which regulates the way credit reporting agencies can collect, access and share consumer data. Credit reports for people who have changed their names often will either include their deadname or be created as a separate report under their changed name, which can lead to inaccuracies and trouble accessing credit.

...

“Updating a person’s name on their credit report should be simple, and credit bureaus have already been doing this for decades to accommodate married or divorced consumers,” Stephanie Landry, strategic lead for digital finance at Consumer Reports, said in a statement after the introduction of Pressley’s bill. “Credit Bureaus are choosing to fail transgender and nonbinary consumers by creating careless and unnecessary hurdles to accessing accurate and complete credit information—which can lead to unfair denial of credit, housing, or employment.”

Advocates said transgender and nonbinary people often face numerous issues following a name change: Some report their credit reports being fragmented into unconnected files, effectively erasing their credit history. Some said their name changes and the actions following them did not reflect on their credit reports at all. Others reported their credit scores dropping by hundreds of points. Changing a first name instead of a last name can create the problem, as credit reporting agencies often use the first name to match up information."

[foreverlogical]

It was a time of fear and chaos four years ago.

The death count was mounting as COVID-19 spread. Financial markets were panicked. Oil prices briefly went negative. The Federal Reserve slashed its benchmark interest rates to combat the sudden recession. And the U.S. government went on a historic borrowing spree—adding trillions to the national debt—to keep families and businesses afloat.

But as Donald Trump recalled that moment at a recent rally, the former president exuded pride.

“We had the greatest economy in history,” the Republican told his Wisconsin audience. “The 30-year mortgage rate was at a record low, the lowest ever recorded ... 2.65%, that’s what your mortgage rates were.”

The question of who can best steer the U.S. economy could be a deciding factor in who wins November’s presidential election. While an April Gallup poll found that Americans were most likely to say that immigration is the country's top problem, the economy in general and inflation were also high on the list.

Trump may have an edge over President Joe Biden on key economic concerns, according to an April poll by The Associated Press-NORC Center for Public Affairs. The survey found that Americans were more likely to say that as president, Trump helped the country with job creation and cost of living. Nearly six in 10 Americans said that Biden’s presidency hurt the country on the cost of living.

But the economic numbers expose a far more complicated reality during Trump's time in the White House. His tax cuts never delivered the promised growth. His budget deficits surged and then stayed relatively high under Biden. His tariffs and trade deals never brought back all of the lost factory jobs.

And there was the pandemic, an event that caused historic job losses for which Trump accepts no responsibility as well as low inflation—for which Trump takes full credit.

If anything, the economy during Trump's presidency never lived up to his own hype.

DECENT (NOT EXCEPTIONAL) GROWTH

Trump assured the public in 2017 that the U.S. economy with his tax cuts would grow at “3%,” but he added, “I think it could go to 4, 5, and maybe even 6%, ultimately.”

If the 2020 pandemic is excluded, growth after inflation averaged 2.67% under Trump, according to figures from the Bureau of Economic Analysis. Include the pandemic-induced recession and that average drops to an anemic 1.45%.

By contrast, growth during the second term of then-President Barack Obama averaged 2.33%. So far under Biden, annual growth is averaging 3.4%.

MORE GOVERNMENT DEBT

Trump also assured the public that his tax cuts would pay for themselves because of stronger growth. The cuts were broad but disproportionately favored corporations and those with extreme wealth.

The tax cuts signed into law in 2017 never fulfilled Trump's promises on deficit reduction.

According to the Office of Management and Budget, the deficit worsened to $779 billion in 2018. The Congressional Budget Office had forecasted a deficit of $563 billion before the tax cuts, meaning the tax cuts increased borrowing by $216 billion that first year. In 2019, the deficit rose to $984 billion, nearly $300 billion more than what the CBO had forecast.

Then the pandemic happened and with a flurry of government aid, the resulting deficit topped $3.1 trillion. That borrowing enabled the government to make direct payments to individuals and small businesses as the economy was in lockdown, often increasing bank accounts and making many feel better off even though the economy was in a recession.

Deficits have also run high under Biden, as he signed into law a third round of pandemic aid and other initiatives to address climate change, build infrastructure and invest in U.S. manufacturing. His budget deficits: $2.8 trillion (2021), $1.38 trillion (2022), and $1.7 trillion (2023).

The CBO estimated in a report issued Wednesday that the extension of parts of Trump’s tax cuts set to expire after 2025 would add another $4.6 trillion to the national debt through the year 2034.

LOW INFLATION (BUT NOT ALWAYS FOR GOOD REASONS)

Inflation was much lower under Trump, never topping an annual rate of 2.4%, according to the Bureau of Labor Statistics. The annual rate reached as high as 8% in 2022 under Biden and is currently at 3.4%.

There were three big reasons why inflation was low during Trump's presidency: the legacy of the 2008 financial crisis, Federal Reserve actions, and the coronavirus pandemic.

Trump entered the White House with inflation already low, largely because of the slow recovery from the Great Recession, when financial markets collapsed and millions of people lost their homes to foreclosure.

The inflation rate barely averaged more than 1% during Obama's second term as the Fed struggled to push up growth. Still, the economy was expanding without overheating.

But in the first three years of Trump's presidency, inflation averaged 2.1%, roughly close to the Fed's target. Still, the Fed began to hike its own benchmark rate to keep inflation low at the central bank's own 2% target. Trump repeatedly criticized the Fed because he wanted to juice growth despite the risks of higher prices.

Then the pandemic hit.

Inflation sank and the Fed slashed rates to sustain the economy during lockdowns.

When Trump celebrates historically low mortgage rates, he's doing so because the economy was weakened by the pandemic. Similarly, gasoline prices fell below an average of $2 a gallon because no one was driving in April 2020 as the pandemic spread.

FEWER JOBS

The United States lost 2.7 million jobs during Trump's presidency, according to the Bureau of Labor Statistics. If the pandemic months are excluded, he added 6.7 million jobs.

By contrast, 15.4 million jobs were added during Biden's presidency. That's 5.1 million more jobs than what the CBO forecasted he would add before his coronavirus relief and other policies became law—a sign of how much he boosted the labor market.

Both candidates have repeatedly promised to bring back factory jobs. Between 2017 and the middle of 2019, Trump added 461,000 manufacturing jobs. But the gains began to stall and then turned into layoffs during the pandemic, with the Republican posting a loss of 178,000 jobs.

So far, the U.S. economy has added 773,000 manufacturing jobs during Biden's presidency.

Campaign Action

[militantinremission]

The Freedman's Bank Forum: The Art of Disenfranchisement

Kamala Harris has hit the Campaign Trail & named Gov. Tim Walz as her Running Mate, but she has yet to give a Press Conference or Mainstream Media Interview. She STILL hasn't offered any Policy Initiatives on her Campaign Website. This has lead some in The New Black Media to look at her Policy Offerings as VP. Sabrina Salvati of Sabby Sabs & Phil Scott of The Afrikan Diaspora Channel both looked at Kamala Harris' 2023 Speech at the Freedman's Bank Forum- for ideas of what a 'Harris- Walz Administration' may look like. In her Speech, Kamala gave a history of The Freedman's Bureau 'Freedman's Bank', Created in 1865. She spoke on why a Specific Bank for the Formerly Enslaved was necessary. She also talked about the Farms, Homes, & Businesses that Freedmen were able to purchase & build through Loans from Freedmen's Bank.

Unfortunately, 9Yrs after its inception, Freedman's Bank was Closed; due to mismanagement, & outright theft of Funds by Congressmen overseeing Bank Operations. Over 61,000 Depositors lost their Funds- estimated at over $3M (over $50M in today's Economy). Kamala sounded like she understood the plight of American Descendants Of Chattel Slavery & Our specific need for resources, but she shifted her narrative fairly quickly. She started by shifting a Black Specific Issue, to an 'All Lives Matter' Issue. Kamala transformed the necessity of a Freedman's Bank to jumpstart Reconstruction, into a need for EVERYONE to have access to (Freedmen) Resources. She starts by mentioning 'Minorities' & 'Marginalized Communities', but goes on to include Latinx, Native American, Asian, & Rural Communities in the Freedman's Bank Story.

Kamala went on to describe one of her Final Acts as a U.S. Senator. This was an Initiative that she helped to set up w/ the help of [Secretary of The Treasury] Janet Yellen, [Senators] Mark Warner, Chuck Schumer, & Corey Booker, plus Rep. Maxine Waters. The Initiative, was a plan to invest $12B in Community Institutions for 'Overlooked & Underserved Communities'... My 1st question is: How many of THOSE INSTITUTIONS are Owned & Operated by Indigenous Black Americans? I only know of ONE in My Community, & David Rockefeller has been invested in them for nearly 30Yrs... Harris says that currently, $8B has been disbursed to 162 'Community Lenders' Nationwide, & gave examples of how the Funds are being disbursed:

Native American Bank lent a Tribe $10M to fund an Opioid Addiction Treatment Facility on Tribal Lands in N. Dakota

Carver Bank, in Ga. loaned $500K to 'Black Owned Companies' to help them develop Low Income Housing

Hope Credit Union, in Ms. gave a $10K Loan to a 'Black & Woman Owned' Coffee Business to expand

Aid to Immigrant Communities, including some Asian Communities

Aid to 'Rural Communities'

Maybe it's just Me, but I find it curious how the Freedman's Bank Legacy is being 'repackaged'. Under Kamala Harris, a SPECIFIC INSTITUTION meant for American Descendants Of Chattel Slavery, is being usurped to advance EVERYONE; except the Blackfolk it was designed to help. The numbers don't lie. Native American Tribes get Billions a Year in 'Set Asides' & they don't pay Taxes, but Kamala thinks they should also collect $10M meant for Black American interests? Then she brags about Black Businesses that only received 5% of what Native Americans collected from a measure that was supposed to be for Blackfolk. Apparently, Kamala wasn't lying when she said that she wasn't going to do ANYTHING that would only benefit Black Americans.

Like Joe Biden, Kamala Harris talks to Black Audiences about Equity, but only offers Black Americans a small share of what Everyone Else gets. In 2022, The Biden-Harris Administration & Janet Yellen launched the Economic Opportunity Coalition, along w/ 20 Private Sector Leaders. The Goal was to provide & invest Billions in Capital to Community Lenders for 'Minority Owned Businesses'. To date, this Coalition has currently committed over $1.2B to Community Lenders in 'Minority & World Communities'. From what I saw, Puerto Rico & Guam represented 9 of the 13 Minority Depository Institutions (MDIs) awarded Funding. Of the 218 Organizations receiving Technical Awards, 56 were 'MDIs' & 38 were Organizations based in Puerto Rico. True to Form, the Biden- Harris Administration blurs the lines on what a 'Black Owned' Business is; Indigenous Blackfolk, Afro Caribbeans, & Afrikan Immigrants have been lumped into the 'Afrikan American' demographic. Is this Coalition keeping track of how many Freedmen (Male & Female) are receiving Awards?

Kamala's Speech at the 'Freedmen's Bank Forum' completely ignored the Descendants of the Freedmen Community, & Our History of adversity. Despite her disregard of Us, she says this Initiative was created to 'Realize the Vision of Freedmen's Bank'. I see This as a blatant Disenfranchisement of the Black Community that Freedmen's Bank was Chartered to serve. On top of her disingenuous empathy for Black Americans, She has the audacity to call this act of Economic Racism- 'Economic Justice'; & she does it w/ a straight face. I thank Sabrina Salvati & Phil Scott for uncovering this particular Policy Measure. Kamala Harris' lack of Policy on her Campaign Website tells Me that she doesn't want Us to know her Plan for the next 4Yrs. She has been called a Leftist & 'the most Progressive Senator in Congress', but her Policies are as Moderate as Joe Biden's.

I fully understand that the Economic Opportunity Coalition (EOC) isn't Freedmen's Bank. If it was presented as a Measure that stood on its own merit, I probably wouldn't have much to say about it. If we're being honest, it falls in line w/ many other Policies of the Biden-Harris Administration. The Fact that Kamala Harris used the Freedmen's Bank Forum to push this Measure, is mean spirited & an insult to Our Ancestors. There's a Legion of Blackfolk & Afrikan Americans trying to certify Kamala's 'Blackness', but she has yet to affirm their claim. She had a chance to refute Donald Trump's assertion, but only offered more rhetoric. The Truth is, SHE'S NOT BLACK! Kamala's Record shows that she spent her Professional Career disenfranchising Us. As District Attorney, she targeted Blackfolk for Arrest on petty Quality of Life Crimes. As Attorney General & as a U.S. Senator, Kamala supported decriminalization of Illegal Border Crossings & the surge of Illegal Immigrants into Black Communities throughout California.

The Black Population in San Francisco, Oakland, Richmond, & Berkeley has dropped by 50% on her Watch. Kamala vacated over 1,000 Criminal Charges against OneWest Bank, George Soros, & Steve Mnuchin- for 'Foreclosure Violations' that cost Hundreds of Black Californians their Homes. Her action allowed Soros to sell OneWest for Billions, while Mnuchin moved on to become Secretary of The Treasury. At the Same Time, she kept Black Inmates imprisoned past their Release Date & denied others Parole; citing the need to maintain a Prison Labor Force (i.e. Convict Leasing). Black Women are siding w/ her, but Harris abandoned the Mitrice Richardson Case after winning her Senate Seat. Kamala also had a hand in stripping the Estate of Nina Simone away from her Surviving Family & awarding All Rights to Sony Music Entertainment. We're supposed to certify this Woman as 'Black', but she has a Legacy of Anti-Black (Aryan) behavior. Her latest act of disenfranchisement is actually Par for The Course.

Some question why Kamala Harris is getting so much heat from Black America. The Short Answer is- She rides on the Coattail of The Black Experience, but does NOTHING for Us Culturally, Socially, or Politically. What's her Black Agenda again? At This Point, We really can't blame her for being consistent. We need to look at the Blackfolk & Afrikan Americans trying to shame us into Falling in Line w/ her Agenda; whatever THAT is... We have House Cleaning to do.

[storyofmychoices]

Veil of Secrets: The Next Chapter

I wish my brain would cooperate so I could write this as a fic, but my writer's block is still being persistent so I'll just share what comes next as bullet points for now!

@choicesbookclub

Callista Rossi

stays in Birchport with Flynn

writes the story of what happened in Birchport

continues as a journalist, writing for the local paper

keeps connections at her old paper in New York and submits high interest pieces to them still

opens a detective / private investigation agency in Birchport (she gets tips from her cousin Lilah Rose and her boss, Mafalda Ginovesi)

kept Agent Kim's contact information, but has yet to take the Bureau up on their offer

Flynn O'Malley

does NOT join the force

takes over as lighthouse keeper after Nikolai leaves

takes over managing the port and helps revitalize the area

helps those working the docks to get the wages and credit they deserve (working with Grant to support the people and causes of the docks)

Birchport Light Investigations

Calli's detective agency

She teased about naming it Mystery Incorporated or the Scooby Doo gang, but Grant reminded her that she might run into some copyright issues. She shrugs and tells him at least she knows a good lawyer!

Flynn helps on cases when he can, especially at night when Calli is running through ideas and theories. He listens and offers his thoughts. He loves seeing how invested she is in the community and that she doesn't see any cause as "too little".

Kate wants to be a detective, but she hasn't quite mastered the art of subtlety yet plus with the baby Calli feels it's not the right time. However, Kate insisted she make the agency's official cupcake flavor: lemon (for light) - blueberry (for the sea) cupcake with vanilla frosting with gold dust and a white chocolate lighthouse

Naomi helps quite a bit when she is off duty and sometimes when she is on duty (🤫 ). She and Calli grow very close through the cases.

Grant doesn't have a lot of time to help, but he offers legal services to Calli for anything she needs to help

Kate O'Malley

opens her bakery

asks Flynn and Calli to be Rachel's godparents

is insanely excited to have Calli as a sister (in law) but teases Calli about that time they made out in college and says they can't do that anymore

turns Sterling Manor into the Birchport Community Retreat, which includes a community garden, a library/reading room, a museum of Birchport wing with the full history of the town on display, a art wing with all the Sterling's pieces on display for the public.

When Miss Harlenay comes back, Kate offers a part of the manor as a bed and breakfast for anyone holding events on the property.

The government seizes a lot of the Sterling's finances, but with what's left over she keeps a modest amount for her daughter and donates the rest to the workers at the docks who's back the town was built on.

Naomi Silverhawk

becomes Chief of Police and cleans up the department

she creates community outreach programs

works closely with Calli at her investigation agency

works closely with DCFS (department children and family services) to make sure the welfare of all children is being monitored and addressed

Grant Emerson

makes Birchport a fair, safe, and enjoyable place to live

helps ensure the true history of Birchport is told + works with Kate to organize the museum piece of the Community Retreat

takes on any cases related to the fall out of the Sterlings and made sure anyone who was mistreated or held back by the Sterlings, got what they deserved

wins the State Senator seat

Flynn teases him that the White House is next but Grant isn't quite ready for that

[bitchesgetriches]

Credit Scoring Is a Racist, Classist System that Has Us All Trapped

Imagine a ranking system that assigns everyone a number. You don’t opt into this program; you’re automatically enrolled. And there’s no way to opt out. You’re involved whether you like it or not. You also don’t have any say over the judges, those determining and adjusting your score as you go through life. These judges actually make money off of scoring you. The worst part is that your…

[kentuckybats]

How Credit Scores Affect your Kentucky Mortgage Loan Approval Chances.

A lot of Kentucky homebuyers are hesitant about having their credit pulled because they think it will go down, whereas in most cases, scores are really the same with most Kentucky mortgage lenders. Below I will try to explain to you what mortgage lenders use for credit qualifying scores and why you may have a different credit score and why some lenders may require a higher score than other…

[bvcofficial]

Will you help with overpopulation via the pp rewards?

The Bureau of Vehicle Credits takes no stance on the theory of overpopulation. The only population that we aim to cull are Pedestrians, whose numbers have been significantly reduced since 1990 and are at their lowest point in United States history, as of 2023. The Pedestrian Points rewards are designed to encourage private citizens to perform their civic duty of striking a pedestrian with their vehicle.

[dreaminginthedeepsouth]

Pat Bagley, Salt Lake Tribune

* * * *

LETTERS FROM AN AMERICAN

January 19, 2024

HEATHER COX RICHARDSON

JAN 19, 2024

President Joe Biden today signed the continuing resolution that will keep the government operating into March.

Meanwhile, the stock market roared as two of the three major indexes hit new record highs. The S&P 500, which measures the value of 500 of the largest companies in the country, and the Dow Jones Industrial Average, which does the same for 30 companies considered to be industry leaders, both rose to all-time highs. The third major index, the Nasdaq Composite, which is weighted toward technology stocks, did not hit a record high, although its 1.7% jump was higher than that of the S&P 500 (1.2%) or the Dow (1.1%).

Investors appear to be buoyed by the fact the rate of inflation has come down in the U.S. and by news that consumers are feeling better about the economy. A report out today by Goldman Sachs Economics Research noted that consumer spending is strong and predicted that “job gains, positive real wage growth, will lead to around 3% real disposable income growth” and that “household balance sheets have strengthened.” It also noted that “[t]he US has led the way on disinflation,” and it predicted further drops in 2024. That will likely mean the sort of interest rate cuts the stock market likes. 

The economic policies of the Biden-Harris administration have also benefited workers. The unemployment rate has been under 4% for more than two years, and wages have risen higher than inflation in that same period. Production is up as well, to 4.9% in the third quarter of 2023 (the U.S. growth rate under Trump even before the pandemic was 2.5%). 

The administration has worked to end some of the most obvious financial inequities in the U.S., such as the unexpected “junk fees” tacked on to airline or concert tickets, or to car or apartment rentals. On Wednesday the Consumer Financial Protection Bureau announced a proposed rule for bank overdraft fees at banks that have more than $10 billion in assets. 

While banks now can charge what they wish if a customer’s balance falls below zero, the proposed rule would allow them to charge no more than what it cost them to break even on providing overdraft services or, alternatively, an industry-wide fee that reflects the amount it costs to deal with overdrafts: $3, $6, $7, or $14. The amount will be established after a public hearing period.

Ken Sweet and Cora Lewis of the Associated Press note that while the average overdraft is $26.61, some banks charge as much as $39 per overdraft. The CFPB estimates that in the past 20 years, banks have collected more than $280 billion in overdraft fees. (One bank’s chief executive officer named his boat “Overdraft.”) Over the past two years, pressure has made banks cut back on their fees and they now take in about $8 billion a year from those overdraft fees. 

Bankers say regulation is unnecessary and will force them to end the overdraft service, pushing people out of the banking system. Biden said that the rule would save U.S. families $3.5 billion annually. 

The administration has also addressed the student loan crisis by reexamining the loan histories of student borrowers. An NPR investigation led by Cory Turner revealed that banks mismanaged loans, denying borrowers the terms under which they had signed on to them. Rather than honoring the government’s promise that so long as a borrower paid what the government thought was reasonable on a loan for 20 or 25 years (undergrad or graduate), the debt would be forgiven, banks urged borrowers to put the loan into “forbearance,” under which payments paused but the debt continued to accrue interest, making the amount balloon. 

The Education Department has been reexamining all those old loans to find this sort of mismanagement as well as other problems, like borrowers not getting credit for payments to count toward their 20 years of payments, or borrowers who chose public service not receiving the debt relief they were promised.

Today the administration announced $4.9 billion of student debt cancellation for almost 74,000 borrowers. That brings the total of borrowers whose debt has been canceled to 3.7 million Americans, with an erasure of $136.6 billion. Nearly 30,000 of today’s relieved borrowers had been in repayment for at least 20 years but never got the relief they should have; nearly 44,000 had earned debt forgiveness after 10 years of public service as teachers, nurses, and firefighters.

Biden has been traveling the country recently, touting how the economic policies of the Biden-Harris administration have benefited ordinary Americans. In Emmaus, Pennsylvania, last Friday he visited a bicycle shop, a running shoe store, and a coffee shop to emphasize how small businesses are booming under his administration: in the three years since he took office, there have been 16 million applications to start new businesses, the highest number on record.

Biden was in Raleigh, North Carolina, yesterday to announce another $82 million in support for broadband access, bringing the total of government infrastructure funding in North Carolina during the Biden administration to $3 billion.  

On social media, the administration compared its investments in the American people to those of President Franklin Delano Roosevelt’s New Deal in the 1930s, which were enormously popular. 

They were popular, that is, until those opposed to business regulation convinced white voters that the government’s protection of civil rights, which came along with its protection of ordinary Americans through regulation of business, provision of a basic social safety net, and promotion of infrastructure, meant redistribution of white tax dollars to undeserving Black people.

The same effort to make sure that ordinary Americans don’t work together to restore basic fairness in the economy and rights in society is visible now in the attempt to attribute a recent Boeing airplane malfunction, in which a door panel blew off mid-flight, to diversity, equity, and inclusion (DEI) efforts. Tesnim Zekeria at Popular Information yesterday chronicled how that accusation spread across the right-wing ecosystem and onto the Fox News Channel, where Fox Business host Sean Duffy warned: “This is a dangerous business when you’re focused on DEI and maybe less focused on engineering and safety.” 

As Zekeria explains, “this narrative has no basis in fact.” Neither Boeing nor its supplier, Spirit AeroSystems, is particularly diverse, either at the workforce level, where minorities make up 35% of Boeing employees and 26% of those at Spirit AeroSystems, or on the corporate ladder, where the overwhelming majority of executives are white men. Zekeria notes that right-wing media figures have also erroneously blamed last year’s train derailment in Ohio and the collapse of the Silicon Valley Bank on DEI initiatives.

The real culprit at Boeing, Zekeria suggests, was the weakened regulations on Boeing and Spirit thanks to more than $65 million in lobbying efforts.

Perhaps an even more transparent attempt to keep ordinary Americans from working together is the attacks former Fox News Channel personality Tucker Carlson has launched against Vice President Kamala Harris, calling her “a member of the new master race” who “must be shown maximum respect at all times, no matter what she says or does.” Philip Bump of the Washington Post noted yesterday that this construction suggests that Harris, who identifies as both Black and Indian, represents all nonwhite Americans as a united force opposed to white Americans. 

But Harris’s actions actually represent something else altogether. She has crossed the country since June 2022, when the Supreme Court overturned the 1973 Roe v. Wade decision that recognized the constitutional right to abortion, talking about the right of all Americans to bodily autonomy. That the Supreme Court felt able to take away a constitutional right has worried many Americans about what they might do next, and people all over the country have been coming together in opposition to the small minority that appears to have taken over the levers of our democracy. 

Driving the wedge of racism into that majority coalition seems to be a desperate attempt to stop ordinary Americans from taking back control of the country.  

LETTERS FROM AN AMERICAN

HEATHER COX RICHARDSON

[partisan-by-default]

The coming proposal by the Consumer Financial Protection Bureau would extend existing regulations that govern credit reports, arrest records and other data to what the agency describes as the “surveillance industry,” or the sprawling economy of businesses that traffic in increasingly digitized personal information.

The potential rules, which are not yet public or final, could bar data brokers from selling certain types of consumer information — including a person’s income or their criminal and payment history — except in specific circumstances, the CFPB said.

The push could also see new restrictions on the sale of personal information such as Social Security numbers, names and addresses, which the CFPB said data brokers often buy from the major credit reporting bureaus to create their own profiles on individual consumers.