News & Events
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Predatory Lending? There’s an App for That
By Andy Morrison New York stands at a crossroads in the fight against predatory lending. One path would open the floodgates to triple-digit interest loans—marketed as sleek, smartphone apps but designed to trap working people in debt. The other would strengthen the state’s centuries-old usury law and protect New Yorkers from a new wave of…
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Amid Federal Disinvestment and Regulatory Rollbacks, New York Coalition Calls for Public Banks to Spur Local Investment
Community groups, labor unions, credit unions and elected officials from across the state rallied at the New York State Capitol to demand legislative action on public banking.
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BK Reader: Tenants Rally in Brooklyn for First Rights to Buy Building
BK Reader — Tenants, housing advocates and elected officials rallied outside a South Slope apartment building on April 26 to call for the passage of the Tenant Opportunity to Purchase Act, or TOPA, which would give renters the first chance to purchase their buildings when landlords put them up for sale.
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The Village View: Affordable Housing? Bill Designed to Give New Leverage to Tenants and Nonprofit Housing Groups Moves Forward
The Village View — “Whose land? Our land!” shouted a boisterous crowd of tenant leaders and organizers, as they rallied on the steps of City Hall on April 11, urging the city council to move ahead with the Community Land Act (CLA).
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Bronx Talk: Credit Unions
Bronx Talk — This week’s BronxTalk takes a look at the recent opening of ‘The Bronx People’s Federal Credit Union’ in Longwood and why this is significant for a community that has been red-lined and underserved in the past.
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Capitol Pressroom: AG Tish James Goes After De Facto Payday Lenders
Capitol Pressroom — New York State Attorney General Letitia James is going after de facto payday lending operations that she claims are engaging in abusive and deceptive practices. Andy Morrison, associate director of the New Economy Project, discusses the attorney general’s lawsuit and makes the case for stricter regulations of online financial services.
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Statement of Labor and Community Groups on Attorney General Letitia James’ Lawsuits Cracking Down on Predatory Payday Loan Apps
“We applaud New York State Attorney General Letitia James for taking strong action against MoneyLion and DailyPay, financial technology (“fintech”) lenders that target working New Yorkers with triple-digit interest, debt-trap payday loans. Operating through smartphone apps, these and other so-called Earned Wage Access (EWA) companies market high-cost, short-term loans as “free,” while hitting users with…
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New Yorkers Rally at City Hall for Community Land Act Amid Housing Crisis and Looming Federal Cuts
As homelessness and displacement continue to skyrocket and federal disinvestment threatens to further exacerbate the affordability crisis, over 50 NYC community groups and elected officials rallied at City Hall on Thursday to demand the City Council pass urgently needed legislation that would remove land and housing from the speculative market and bring it into permanently…
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Shelterforce: There’s a Community Oversight Fight Brewing in the Bronx
Shelterforce — Since the 1990s the vacant Kingsbridge Armory in the Bronx has become a landmark, not just of hulking bygone military architecture, but it’s also a symbol that represents city and developer attempts to impose proposals—from homeless shelters to shopping malls or ice rinks—on community residents.
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Putting CLTs on the Map, Public Banking Push, Fighting Debt-Trap Apps, and More!
New Economy Project is digging deep with coalition allies across New York—fighting back against federal attacks and advancing bold, systems-changing solutions rooted in racial and economic justice.