News & Events
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New Economy Project and Allies Go to DC to Demand Strong Payday Lending Rule
A coalition of two dozen faith leaders, and labor, civil rights, and community groups from states that ban payday lending hand-delivered strongly-worded letters to Consumer Financial Protection Bureau Director Richard Cordray on Wednesday, calling on the federal agency to “use its full authority” to crack down on predatory payday lending.
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Hey OCC: You Don’t Write, You Don’t Call…
Last November, New Economy Project and 15 social justice organizations filed a detailed letter with the OCC, JPMorgan Chase’s banking regulator, calling on the agency to give Chase a failing grade on its community reinvestment exam. It’s been four months, and still no reply.
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Next System Project NYC Convening
New Economy Project was proud to be part of the Next System Project’s 2016 NYC Convening, bringing together hundreds of people and organizations to share ideas, strategies and ongoing work to build an economy and world that work for all.
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New York Times: Overdraft Practices Continue to Gut Bank Accounts and Haunt Customers
New York Times — Angelina Lemus was puzzled. She had no idea why every month as much as $96 was disappearing from her Citibank checking account. Months later, Ms. Lemus finally figured out the mystery — or at least part of it. Citibank was taking out the money to pay a loan, with an interest…
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City & State NY: Credit Scores Yet Another Obstacle in the Quest for Affordable Housing
City & State NY — Carmen Vega-Rivera jokes that she’s spent so much time in Bronx Housing Court that she sometimes checks to see if her portrait has been put up on the walls.
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Human Rights Watch: Rubber Stamp Justice
A new report from Human Rights Watch cites New Economy Project’s research in an examination of the pernicious effects of the debt buyer industry, which exploits the nation’s courts to drain millions of dollars from low-income neighborhoods and communities of color.
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New York Times: Banks Reject New York City IDs, Leaving ‘Unbanked’ on Sidelines
New York Times — Nearly a year ago, Mayor Bill de Blasio proclaimed that a new municipal identification card would help thousands of New Yorkers “lead fuller lives, better lives, lives full of respect and recognition.” … But some of the biggest banks in the city — including JPMorgan Chase, Bank of America and Citigroup…
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El Diario: Justo Reembolso tras Robo de Identidad
El Diario — El robo de su identidad llevó a la dominicana Iris Mateo a enfrentar un adeudo de $2,000 en tarjetas de crédito de CitiBank, y el acoso constante de la compañía de cobro de deudas Mel S. Harris and Associates.
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What’s Happening at New Economy Project
It’s been an eventful fall at New Economy Project! Check out a few highlights: New Economy Project and co-counsel settled a groundbreaking class action lawsuit, filed on behalf of low-income New Yorkers alleging fraud by a major debt collection network. The settlement is expected to benefit more than 353,000 New Yorkers, providing monetary relief and…