News & Events
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2016 Workshop Series
Thanks to everyone who joined us for interactive workshops exploring strategies for building a just economy in New York City neighborhoods and beyond.
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New Economy Project Testifies at Federal Field Hearing that Debt Buyers Illegally Extract Billions of Dollars from Communities of Color
Debt collectors engage in rampant fraud and systematically use the courts to extract billions of dollars from low-income people and people of color, according to hard-hitting testimony delivered today by Susan Shin, New Economy Project’s legal director. Shin traveled to Sacramento, California to share our expertise from years of working with thousands of low-income New…
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New York Times: Debt Collectors’ Abuses Prompt Consumer Agency to Propose New Rules
New York Times — For the first time in nearly 40 years, federal regulators are preparing to significantly strengthen the rules that govern debt collection in an effort to clamp down on collectors who hound consumers for debts they may not even owe.
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Next City: Mapping a Neighborhood’s Financial Health
Next City — For 17 years and counting, Shelly Jones has been working at the credit union inside Union Settlement House on 104th Street in East Harlem. She’s been branch manager for the past seven.
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The Washington Post, Op-Ed: Here’s What Happens When Payday Loans are Banned
The Washington Post — Imagine a land with no payday loans. Flashing neon signs advertising “Fast Cash” no longer dot the landscape in low-income neighborhoods and communities of color, and nary a lender is permitted to extract interest rates of 400 percent and up.
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The Washington Post: Here’s What Happens When Payday Loans are Banned
Today’s The Washington Post features an Op-Ed by New Economy Project’s co-director Deyanira Del Rio and campaigns coordinator Andy Morrison: “Here’s What Happens When Payday Loans are Banned.” New York is one of 14 states that, along with D.C., maintain strong usury (interest rate) caps that effectively ban payday lending. It’s a swath of the…
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NY Groups Call on New DFS Supt. Maria T. Vullo to Speak Out Against Check Casher Industry Bill
New Economy Project, Lower East Side People’s Federal Credit Union, MFY Legal Services, Inc., Westchester Residential Opportunities, Inc., and Western New York Law Center issued a statement regarding the NYS Senate’s confirmation of Maria T. Vullo as Superintendent of Financial Services, the state’s top financial regulator.
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(Archive) HELP DEFEAT CHECK CASHER BILL & KEEP PREDATORY LENDING OUT OF NY
A dangerous bill that would allow New York check cashers to make loans is moving quickly in the NYS legislature. Please take a few minutes today to voice your opposition to Senate bill 6985-A (Savino)/Assembly bill 9634-A (Rodriguez).
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Daily News: Keep Payday Loans out of N.Y.: Politicians are Pocketing Campaign Funds from the Check-Cashing Industry and Considering an Economically Dangerous Policy Change
Daily News — A staggeringly bad anti-consumer bill that would allow check-cashing stores to start making loans is quietly winding its way through the state Legislature, advanced by lawmakers who ought to know better — and who happen to have received hefty donations from the check-cashing industry.
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20th Anniversary Benefit
Thank you to everyone who joined New Economy Project at our 20th Anniversary Benefit on May 4th! We were thrilled to celebrate this milestone with more than 200 allies, supporters and friends.