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In the News
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Daily News: Southeast Queens, Hungry for Opportunity: The Predominantly Black Middle-Class Swath of the City Can’t Get Banking Services
Daily News — Families and businesses in southeast Queens are being shunned by the banking system, possibly in violation of federal law. And that makes Rep. Gregory Meeks furious.
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The Capitol Pressroom: Ending NY’s “banking deserts”
How will the state help address “public deserts”? Deyanira Del Río, Co-Director of the New Economy Project, and Andy Morrison, Campaigns Director for the New Economy Project, discussed the push for public banks.
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Gothamist: Tenants Would Get Priority To Buy Their Landlord’s Building Under New Bill
Gothamist — A Brooklyn state senator is drafting a bill that would give tenants priority to buy their landlord’s building should the property go up for sale.
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The Real Deal: Bill: Make Landlords Give Tenants First Shot to Buy Buildings
The Real Deal — Landlords who want out of the multifamily market after last year’s rent-law shakeup should have to offer their buildings to tenants first, a Democratic state senator says.
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Roll Call: House Panel Asks Whether Legislation Can Keep Cash as King
Roll Call — At some uncertain point in the future, printing cash may be a waste of money. As Americans increasingly rely on credit cards, online transfers, mobile apps and cryptocurrencies to complete transactions, a House panel debated Thursday the promise and potential pitfalls of a cashless society.
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Bloomberg Law: Debt Collection Rule Could Leave Non-English Speakers Vulnerable
Bloomberg Law — Debt collectors can be downright mean when going after people who owe money, but this one appeared to have reached a new low—the caller threatened to get the debtor deported.
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Next City: New York’s Best Kept Secret to Support Community Financial Institutions
Next City — One evening last September, at Brooklyn Cooperative Federal Credit Union’s main branch in Bed-Stuy, the credit union staff hosted a town hall to walk members through the credit union’s balance sheet — deposits, loans, other investments, capital reserves. CEO Samira Rajan emphasized the credit union’s key ratios, like its net worth ratio…
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Next City: Who’s Afraid of Public Banking in New York?
Next City — It’s a sunny August Saturday in Far Rockaway, and New York State Senator James Sanders Jr. could hardly be more in his element. He’s riding high, not only on his parade float leading the 3rd Annual Carnival in the Rockaways, but also in his relatively new position as chair of the NY…
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2019 Roundup
Get up-to-date on our work and some of our biggest media features in this end-of-year roundup.
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Daily News: Six ‘Worst Banks of 2019’ get awards in shaming ceremony at City Hall
New York Daily News — New Yorkers can bank on these companies to do the wrong thing, advocates say. The six “Worst Banks of 2019” got awards for bad behavior during an inaugural shaming ceremony held Tuesday by a coalition pushing for the creation of a New York City public bank.