News & Events
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The Capitol Pressroom: Creating an economy that works for all New Yorkers
New Economy Project founder and co-director Sarah Ludwig discusses a new state law protecting stimulus checks from debt collectors and makes the case for legislation enabling New York municipalities to create public banks.
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Joint Coalition Statement On The NY Public Banking Act
“The NYS Senate leadership missed a crucial opportunity to bring about a just recovery, when it suddenly removed the NY Public Banking Act from today’s Banks Committee agenda—despite Wall Street’s long legacy of extracting wealth from communities and redlining Black and brown neighborhoods.
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Statement on the enactment of S5923A/A6617A, exempting COVID-19 stimulus payments from debt collection
“Thanks to this important legislation, debt collectors are now prohibited from siphoning New Yorkers’ COVID-19 stimulus payments. The new law ensures that federal relief funds actually provide relief to New Yorkers, not windfalls for the debt collection industry. New Economy Project is proud to have worked on this crucial bill with ally organizations, as we…
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(Archive) Stop Debt Collectors from Taking NYers’ Stimulus Funds
The NYS Legislature has just passed a critical bill that prohibits debt collectors from taking New Yorkers’ stimulus payments. The bill will ensure that relief funds actually provide relief—not windfalls for the debt collection industry. Take Action! Urge Governor Cuomo to sign this bill into law, to protect New Yorkers from financial predation and ensure a just recovery. Call…
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Gotham Gazette: Competing Visions of Public Banking in New York City
Gotham Gazette — In recent memory public banking was an idea that belonged either to a distant utopian future or a distant populist past. But today, not only is public banking on the agenda of major New York politicians, but competing visions of public banking are on offer.
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New York CLTs Unite!
Community land trusts (CLTs) are on the rise across New York State, working to give communities control over land and housing. New Economy Project recently organized a virtual learning exchange for NYC Community Land Initiative members and two of our upstate CLT neighbors: City Roots CLT, in Rochester, and the Fruit Belt CLT, in Buffalo.
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Capital Tonight: Sen. James Sanders’ Public Banking Bill: How it Could Work in New York
Capital Tonight — For decades, many banks in the U.S. denied mortgages to people of color based strictly on race or the neighborhood where they lived. The practice, which started in the 1930s, was called red-lining and it was backed by the U.S. government. It’s one of the reasons that black families lost out on…
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Spectrum News: Debt Collectors Would Be Barred From Taking COVID-19 Stimulus Money
Spectrum News — Consumer groups are applauding a bill that is meant to keep debt collectors from garnishing the stimulus payments and other direct aid approved by the federal government to offset the financial strain created by the pandemic.
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Statement on the Passage of S5923A/A6617A, Exempting Stimulus Payments from Debt Collection
“We applaud Senator Kevin Thomas, Assemblymember Helene E. Weinstein and the entire NYS Legislature for taking bold legislative action to exempt from collection all COVID-19 stimulus relief payments…”
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City Limits: Council Weighs ‘Public Banking’ Bills as Advocates Push City to Divest from Corporate Banks
City Limits — The City Council’s finance committee took up a slate of bills Wednesday that aim to increase public transparency around where the city does its banking—what advocates say would be the “first key steps” towards starting a public bank in New York City.