• Allston Brighton CDC
  • Cambridge Economic Opportunity Committee
  • Cambridge Housing Authority
  • Codman Square NDC
  • EMPath
  • Heading Home
  • Homeowner's Rehab, Inc
  • Jewish Vocational Services
  • Lawrence Community Works
  • MAHA (Massachusetts Affordable Housing Alliance)
  • Massachusetts Museum of Contemporary Art
  • Quaboag Valley CDC
  • Somerville Community Corporation
  • The Neighborhood Developers
  • Asian Community Development Corporation
  • Compass Working Capital
  • Jamaica Plain Neighborhood Development Corporation
  • One Family Inc.
  • 1199SEIU Massachusetts
News Section


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Wed, 09/07/2016 - 16:14

Thank you to everyone who joined us for The Midas Collaborative’s Assets and Opportunity Reception

Our annual event is a celebration of the successes of our member collaborative from the past year and recognition of champions within our field including the 2016 Assets & Opportunity Champion Senator Jamie Eldridge. We were proud to share this moment with friends, member and partner organizations, and supporters. A recurring theme of the night was collaboration and we look forward to strengthening and expanding our network for a stronger financial future for Massachusetts residents.

Thank you to our sponsors for their continued support in advancing the financial security of low and moderate income individuals and families.

Check out photos from the event and the video below highlighting our work and impact. 

Tue, 09/06/2016 - 10:59

Boston – September 6, 2016 – The Midas Collaborative’s Board of Directors announced today that it has selected Pam Hoffman as the organization’s new executive director. Hoffman brings to the role more than 20 years of leadership in the corporate, nonprofit and municipal sectors. Founding executive director Margaret Miley will assume the position of strategic advisor. 

“We are thrilled to announce Pam as Midas’ new executive director. She has the right experience and right values to lead the organization in this important moment in its history,” said Susanne Cameron, Board Chair. “We are also indebted to Margaret Miley for her years of service as the founding executive director, and we look forward to collaborating with Pam and Margaret towards the goal of long-term financial stability for all Massachusetts families.” 
Tue, 07/19/2016 - 10:52

The Midas Collaborative thanks Attorney General Maura Healey for her continued support of Midas and the Family Financial Protection Act (FFPA), which passed in the Massachusetts Senate in early July. On July 18th with WGBH News, the AG responded to caller, Midas' Margaret Miley, about the importance of FFPA in protecting Massachusetts families with a fair and transparent debt repayment system. The bill is currently in the House Ways and Means committee, with advocates including the AG, pushing for release to the House for a vote before the end of the session. Check out the WGBH interview (starting at minute 11:46) about FFPA and Midas' work.

Fri, 07/15/2016 - 15:26

In response to the Massachusetts Senate passing the Family Financial Protection Act, community advocates issued the following statement:

“We applaud the leadership of the Senate, especially lead sponsor Senator Jamie Eldridge, in passing the Family Financial Protection Act (S146) by a vote of 29-9. Abuses in the debt collection process are widespread. 23 percent of Massachusetts residents have debts in collection, with an average debt of $4,600. Massachusetts residents deserve a fair and transparent process to repay their debts, which the current system doesn’t allow. The current system allows out-of-state debt buyers to file large numbers of debt collection cases, straining our local court system, often in pursuit of debts that may not be collectible because they are too old, or may not be fully accurate. Residents are trapped by exorbitant fees, wage garnishment, and/or arrest warrants during this process, often leaving them in financial ruin."

Read the full statement here

Wed, 07/06/2016 - 16:56

Check out our recent report: Massachusetts’ Debt Trap: How private debt buyers are using the courts to hurt families by Ginger Haggerty (June 2016)

Wed, 06/08/2016 - 11:15

Midas discusses the importance of the Family Financial Protection bill with BNN News. April, 2016

Wed, 06/08/2016 - 11:13

Midas coordinated the annual Statewide Summit on Financial Education with other members of the MassSaves Coalition. The Summit's theme was "Building Financial Foundations: A Financial Capability Summit for K- College Educators, Practitioners, & Supporters." Check out presentations from the event. March, 2016

Fri, 11/06/2015 - 01:02

Midas, the National Consumer Law Center, and others express concern about a bill before the Senate to end the prohibition against for-profit debt management companies in the state.

Mon, 10/05/2015 - 09:42

Midas and other partners call for increased protections from debt buyers before a hearing of the Massachusetts Joint Committee on Financial Services. Oct, 2015 

Mon, 05/11/2015 - 09:42

Midas coordinated the annual Statewide Summit on Financial Education with other members of the MassSaves Coalition. The Summit's theme was "Financial Education: Teach it, build it, coach it, spread it, live it, love it!"  April, 2015