News & Events
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Public News Service: Report – Lenders don’t serve NYC Black, Brown communities equitably
An analysis of big banks in New York City contended they are perpetuating lending disparities—and called on the city and state to authorize the creation of a public bank.
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The Capitol Pressroom: Untapped potential of employee-run businesses
What is a worker ownership center and why do we need one? On this podcast, Andy Morrison, associate director at New Economy Project, and Tori Kuper, a board member of Cooperation Buffalo, discuss the immense value of worker-owned businesses and the steps New York State can take to foster their growth.
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Amsterdam News: Harlem mother’s court victory opens door to challenge unconstitutional debt collection tactic targeting Black and brown New Yorkers
The experience of a Harlem mom has opened the door to helping others who were targeted by an unconstitutional debt collection tactic.
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Common Dreams: Tlaib, AOC Revive Public Banking Act to Take on Wall Street
Common Dreams — Citing the failure of Wall Street banks to adequately serve the needs of working people, Democratic U.S. Congresswomen Rashida Tlaib and Alexandria Ocasio-Cortez on Wednesday reintroduced their Public Banking Act, which if passed would facilitate the establishment of state and local public banks.
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Advocates Win Far-Reaching Appellate Court Victory Challenging Abusive Debt Collection
Advocates won a unanimous decision in the Appellate Division, First Department, upending over a decade of bad case law that enabled unscrupulous debt collectors to extract massive amounts of wealth from low-income neighborhoods. The decision will rein in widespread debt collection schemes to fraudulently garnish wages and freeze bank accounts in violation of New Yorkers’ constitutional due process…
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New Research Finds Big Banks Holding City Deposits Guilty of Modern Day Redlining
…The coalition called for the creation of a public bank to divest public money from banks that harm communities, and reinvest in community wealth-building and high-quality financial services in neighborhoods of color….
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Gothamist: NYC Deposits Billions in Big Banks That Lock Out Communities of Color, Report Finds
Gothamist — New York City is depositing billions of dollars in banking behemoths that make a fraction of their mortgage loans in communities of color across the five boroughs, according to a new analysis released on Thursday.
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A Vision for Economic Democracy: Public Banking Q&A with Economic Opportunity Funders
Economic Opportunity Funders presents a Q&A with New Economy Project, Demos, and Economic Security Project focused on the role of public options in an extractive economy and the work of advancing racial equity through economic policies and institutions.
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NY1 Inside City Hall: Report Finds Racial Disparities in Homeownership Across N.Y.
NY1 Inside City Hall — Deyanira Del Río, co-director of New Economy Project, joined NY1 political anchor Errol Louis to discuss a new report released by state Attorney General Letitia James’ office that finds deep racial disparities among homeowners across New York.