UnidosUS Affiliate Helps Families Achieve Financial Health

From health coverage to financial capability, Brighton Park Neighborhood Council helps Chicago families achieve their American dream.

Financial capability | Brighton Park Neighborhood Council

Photo: Brighton Park Neighborhood Council

By Stephanie Presch, Content Specialist, UnidosUS

Community-based organizations (CBOs) have played a crucial role in consumer education outreach and enrollment efforts under the Affordable Care Act (ACA). Thanks to these efforts, over 20 million Americans—including four million Latino adults and more than 600,000 Latino children—have access to the individual Marketplace and other coverage options such as Medicaid and the Children’s Health Insurance Program.

And their efforts are more important than ever.

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Senate Tax Bill Will Permanently Raise Taxes on Working Americans to Fund Tax Cuts for the Wealthy

GOP Tax Plan | Senate Tax BillWhile Americans are gathering to give thanks this week, Senate Republicans are rushing to pass a tax plan that would give large tax cuts to the wealthy, drive up the federal deficit, and make it harder for working families, including millions of Latinos, to make ends meet.

Unfortunately, this is no surprise.

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The Next Director of the CFPB Must Continue Richard Cordray’s Work to Defend Consumers

Richard Cordray | CFPB

CFPB Director Richard Cordray will leave the agency at the end of the month.

Last week, Richard Cordray announced his resignation from the Consumer Financial Protection Bureau (CFPB), where he served for nearly six years as the agency’s first director. The CFPB is the only federal agency with the sole purpose of protecting consumers, an incredibly important function for all Americans in the wake of the financial crisis.

Under Cordray’s leadership, the consumer agency has helped put Latino families, and all Americans, on a path to greater financial security through its enforcement work. For example, about a dozen CFPB actions have been made against financial companies that demonstrate clear evidence of charging minority borrowers more for products. For example, in 2013, the CFPB ordered:

Altogether, the CFPB has returned about $12 billion in relief to 29 million consumers. We thank Cordray for this service and call for his replacement to defend and extend the bureau’s work to protect American consumers.

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The High Price of the GOP Tax Plan

By Stephanie Presch, Content Specialist, UnidosUS

UnidosUS supports tax reform that puts more money in workers’ pockets. Unfortunately, that is not contemplated in the GOP tax plan.

The GOP tax plan takes a swipe at everyone but the wealthiest Americans and corporations. It’s a morally reprehensible plan that would deliver between $10 and $40 in tax cuts to the bottom two-fifths while cutting taxes by $278,370 for the top 0.1%.

Hispanic family | GOP tax plan“This plan benefits the wealthiest, and wealthy corporations, especially Donald Trump and his own cabinet,” Jeremy Slevin, Associate Director of Advocacy for the Poverty to Prosperity Program at the Center for American Progress told attendees yesterday at a briefing hosted by UnidosUS on Capitol Hill to educate congressional staffers and allies on how the GOP tax plan will affect Latino families across the United States.

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GOP Tax Plan Rewards Wealthy at Expense of Working Families

The tax plan released today by House Republicans has generated negative reactions from advocate groups, academics, journalists, Democratic lawmakers, and even one Republican senator. The GOP tax plan would give a shameful deficit-busting tax cut to the wealthiest Americans at the expense of working families.

UnidosUS is committed to ensuring that the tax code puts more money in workers’ pockets. That’s why we’re opposed to any plan that robs families of their hard-earned money in order to line the pockets of the already wealthy.

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On This Latina Equal Pay Day, Let’s Remember That Hispanic Women Must Work 306 Extra Days a Year to Reach Pay Parity with White Men

Gender Pay Gap | UnidosUS BlogAttention around the gender pay gap—by which the average full-time female worker earns only 80 cents for every dollar earned by a male—has rightfully increased over the last few years.

But there is less awareness about the gender wage gap by race.

Women in general earn 80 cents for every dollar a man earns. This represents nearly $10,500 in lower annual earnings, or around $875 a month. That’s enough to pay a month’s rent in some areas of the country.

But the gender pay gap by race shows how women of color must work even harder to make the same amount as white, non-Hispanic men. Continue reading

The TPSeano Series: Potential Increase in Foreclosures if Temporary Protected Status Ends

Before the end of the year the Trump administration will be making decisions on the future of Temporary Protected Status (TPS) designations. This means that the lives of more than 325,000 people—including 250,000 Central American immigrants—now hang in the balance.

In this fourth installment of the TPSeano Series, we look at how ending TPS protections could impact the financial services industry. Our earlier posts in the series discussed the impact on the construction industrywhat temporary protected status is and what is at stake.

Temporary Protected Status foreclosures

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FHFA Takes Key Step to Improve Language Access in the Mortgage Market

Last week, the Federal Housing Finance Agency (FHFA) made a key decision to include a question that asks a borrower his or her preferred language on the updated standard mortgage application. We and our partners in the civil rights community applaud this critical fix to the mortgage application process.

This is how the question will appear on the updated mortgage application:

Updated mortgage application sample

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