News & Events
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NY Times: Awaiting Foreclosure Relief
New York Times — Legislation in New York awaiting the governor’s signature would prevent lenders’ lawyers from leaving homeowners facing foreclosure in a state of legal suspense.
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New Yorkers Win Major Settlement in Groundbreaking Federal Lawsuit Against JPMorgan Chase
Millions of people who bank with JPMorgan Chase stand to benefit from a groundbreaking settlement just reached between Chase and two low income New Yorkers. Subrina Baptiste and Ivy Brodsky sued Chase in federal court last fall, after the bank refused their repeated requests to stop making payments from their accounts to internet payday lenders,…
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NY Times: U.S. Vows to Battle Abusive Debt Collectors
New York Times — Federal regulators are cracking down on questionable debt collection practices by some of the nation’s biggest lenders.
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NY Daily News: Community Groups Urge Gov. Cuomo to Quickly Sign a Bill That Would Spare New Yorkers from Foreclosure
New York Daily News — Dear Gov. Cuomo: Please sign this bill so that more New Yorkers won’t lose their homes in foreclosure.
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Telemundo: Tarjeta para Cobrar
Telemundo — New Economy Project’s Deyanira Del Rio speaks to Telemundo about the growing use of payroll cards.
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NY Times: Paid via Card, Workers Feel Sting of Fees
New York Times — A growing number of American workers are confronting a frustrating predicament on payday: to get their wages, they must first pay a fee.
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NY1: Advocacy Group Details Explosion In Debt Collection Lawsuits
NY1 — The Road to City Hall’s Errol Louis spoke with Sarah Ludwig, the founder and co-director of New Economy Project, formerly known as NEDAP, about her new report “The Debt Collection Racket in New York.”
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Bloomberg Businessweek: How Debt Collectors Ruin Credit Reports With ‘Sewer Service’
Bloomberg Businessweek — Creditors filed “upwards of 200,000” debt collection lawsuits in New York State in 2011, according to a report this week from the New Economy Project, a community advocacy group that has sued debt collectors in the past.
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Buffalo News: N.Y. Consumer Group Targets Deceptiveness of ‘Debt Buyers’
The Buffalo News — Hundreds of thousands of New York consumers are victimized by “predatory” debt-collection practices in which “debt buyers” flood the courts with unsubstantiated lawsuits and give inadequate legal warning to consumers in the hope that no one shows up to contest the claims, a new report by a consumer group said Monday.
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Syracuse Post-Standard: Report Finds Debt Collectors Abuse the Courts in Syracuse
Syracuse Post-Standard — Rosetta had no idea she had any outstanding debt until she was told at work that her wages were about to be garnished to repay the debt. The Syracuse woman, who didn’t want her last name used, said her identity had been stolen by someone who racked up more than $4,000 in…