consumer protection, housing, banking/finance, and tax for @Groundwork | former @rooseveltinst and US Treasury | @wellesley and @columbiaSIPA
Joined July 2009
- Tweets 439
- Following 939
- Followers 519
- Likes 4,541
15 Photos and videos
Emily DiVito retweeted
Jun 5
The bill explicitly protects lots of coupons and discounts through loyalty programs and much more.
You’re still going to get 10% off at your favorite store on your birthday (if they want to give that deal to you).
Seniors and veterans still get their discounts too.
.@BusinessNYS opposes surveillance pricing ban arguing it’ll eliminate coupons (bill sponsors disagree):
“It’s important for the public to understand that these discounts are not disappearing because businesses chose to end them, but because the Legislature is banning them.”
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Emily DiVito retweeted
Jun 5
Just after 12:30 AM and @TishJames’ top priority — to ban surveillance pricing — just passed both houses.
Big time issue, big time victory. ✅✅
Surveillance pricing ban bill -- favored by @NewYorkStateAG -- is being debated on the assembly floor now and slated to go before the senate before sunrise.
nysenate.gov/legislation/bil…
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May 21
time to bring back my and @ENPancotti's greatest piece of writing ever -- our 2024 substack about the red lobster bankruptcy announcement:
May 21
How private equity gutted local malls: Joann Fabrics, Red Lobster, Claire's, and more.
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May 6
keep going, king
May 6
NEWS: "I've written 983 pages" - Robert Caro on his final LBJ book
Via @cspan
c-span.org/program/qa/author…
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Emily DiVito retweeted
.@ezraklein and @DKThomp are spot on: you can't solve the housing crisis without addressing financing.
It's clear: we can’t deregulate our way to affordability.
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Emily DiVito retweeted
Apr 15
NEW from me: The White House (and many economists) expected $700 to $1,000 higher refunds, on average.
The reality is closer to $375.
Bottom line: Yes, refunds are higher in 2026 (and likely to be the highest ever). But it's less of a spending boost (and cushion against higher gas prices) than many expected.
economyheather.substack.com/…
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Apr 15
Annual Tax Day reminder that Trump killed Direct File and now taxpayers have no choice but to shell out millions a year to TurboTax ✌️
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Emily DiVito retweeted
Apr 1
Last week, @Groundwork's @EmDiVito detailed how hundreds of thousands of borrowers are facing collection of "zombie" loans they thought were long gone.
Today, @SenWarren is demanding answers from Russ Vought for dropping the ball.
Senator Warren seeks answers from Vought on CFPB ‘zombie’ mortgage investigations following Bloomberg series detailing how thousands faced huge bills on old debts. bloomberg.com/news/articles/…
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Mar 30
Match Group, the biggest name in online dating, sold personal data to a facial recognition firm. They were just fined $0.
You're not the customer, you're the product.
Mar 30
The FTC just settled with OkCupid and Match Group for secretly handing nearly 3 million users' dating profile photos and location data to Clarifai, a company that builds facial recognition software(!!!).
The penalty? A promise not to do it again.
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Mar 30
I wrote about the insane and extractive corporate behavior behind the most popular dating apps for @Groundwork: groundworkcollaborative.org/…
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Mar 26
As if the Great Recession wasn't haunting enough, debt collectors are going after the "zombie" mortgages left over from the era.
My piece for @BorrowerJustice explores the predatory behavior that's threatening families with *decades* of back interest on loans -- or eviction.
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Mar 25
New report (with a rad cover) out today from @Groundwork: We can't deregulate our way to housing affordability.
The real crisis isn't too much regulation — it's a broken financing system.
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Mar 25
Getting more public money into the capital stack can mitigate developers' req. to chase rent growth:
1. Fannie and Freddie can buy mezzanine construction loans.
2. FHLB can better support construction.
3. More states / cities can set up revolving loan funds and equity programs.
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Emily DiVito retweeted
Mar 25
🚨 NEW from @Groundwork: Despite what you may have been told, we can't deregulate our way to housing affordability. The housing debate is badly missing the most critical piece: finance.
From @MikeFellman and J.W. Mason 🧵
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Emily DiVito retweeted
Mar 24
🚨 NEW from me: @NYCMayor inherited a historic budget gap from Eric Adams. He has three options to close it: drastically cut vital services New Yorkers rely on, raise property taxes on working families, or ask millionaires to pay a little bit more.
Here's what you need to know:
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Mar 5
Another important chart @millennial_debt and I feature in our new piece for @BorrowerJustice and @Groundwork.
Voters -- increasingly relying on debt to pay for essentials -- want a credit card interest rate cap. And the banks can't talk them out of it.
Americans can't keep up with rising costs, going into debt to stay afloat.
A new @Groundwork @BorrowerJustice poll unpacks what it means at the kitchen table-- and the ballot box.
New from me & @EmDiVito today at IN DEBT, a @BorrowerJustice substack.
indebt.substack.com/p/the-ma…
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