News & Events
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Wall St. Journal: New Loan Rules Set as Complaints Linger
Wall Street Journal — More than a year after five large banks agreed to pay $25 billion and improve their foreclosure practices, the lenders are facing fresh criticism for failing to live up to their end of the bargain.
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In These Times: New York City Immigrants Test a New Economic ‘Bridge’
In These Times — For all the supposed potential of the “American Dream,” immigrants in New York City often have a terrible time redeeming its promise. Many arrive in the United States with no financial grounding or burdened by a heap of debt; others can spend years priced out of financial credit by poverty and…
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Univision: Ayuda Financiera Para Inmigrantes Acogidos por Acción Diferida
Univision Nueva York — New Economy Project’s Deyanira Del Rio speaks with Univision about the NYC DREAMer Loan Fund.
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2013 Workshop Series
New Economy Project presents an annual workshop series for community groups and advocates. The 2013 series includes sessions on Organizing for a New Economy; Spotlight on Worker Cooperatives; and Community Land Trusts in NYC, led by organizers, community members and experts in the field.
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News 12 Bronx: Gov. Andrew Cuomo Cracks Down on Illegal Online Payday Loans
News 12 Bronx — Gov. Andrew Cuomo is cracking down on online companies offering illegal payday loans.
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Daily News: Cuomo Guts the Loansharks
Daily News — With little fanfare or warning, the Cuomo administration has dealt a crippling blow to the payday lending industry, an unsavory collection of financial bottom-dwellers who profit by saddling the desperate and the unwary with loans that frequently exceed 700% — and in some cases, even top 1,000% in annual interest charges.
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WNYC: In New York, Loans to Help Young Immigrants Apply for Deferred Action
WYNC News — A year after the federal government’s Deferred Action program took effect, 22,000 young immigrants illegally in New York have obtained work permits. But that’s only about one-fourth of the people who are eligible, according to the Migration Policy Institute, a think-tank based in Washington, D.C.
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Times Union: Cuomo Cracks Down on Payday Lenders
Times Union — Gov. Andrew Cuomo and his financial services Superintendent Ben Lawsky are announcing a crackdown this morning on on-line payday lenders who charge annual interest rates as high as 1,095 percent.
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Times Union: State Targets ‘Payday Lenders’
Times Union — Gov. Andrew Cuomo and financial services Superintendent Ben Lawsky are cracking down on Internet-based “payday lenders” who charge annual interest rates as high as 1,095 percent.
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NY Times: Beauty School Students Left with Broken Promises and Large Debt
New York Times — The debt collectors call so often that Amarilis Madera knows them by name. For years, they have threatened to take her possessions and drain her bank account. In February, her $5,000 tax refund was seized.