Press Releases
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“Loan Shark” Crashes DailyPay’s New York City Publicity Stunt to Expose True Cost of “Earned Wage Access” Payday Loan Apps
DailyPay’s “DailyPay Diner” publicity stunt got an unexpected visitor Thursday when a costumed “loan shark” crashed the event, carrying a sign advertising “TODAY’S MENU: WORKERS’ WAGES” and confronting the company with damning allegations about its abusive tactics.
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National Coalition Launches to Confront Big Tech-Backed Payday Lending Disguised as “Earned Wage Access,” as Congressional Republicans Advance Industry Giveaway
Today, two dozen community, labor, and faith-based organizations, along with community development credit unions, from 21 states where payday lending is categorically illegal announced the launch of the Stop Taking Our Pay (STOP) Coalition to confront so-called “earned wage access” (EWA) payday loans. The coalition is taking aim at the rapidly expanding EWA industry, which…
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Nearly 30 New York Credit Unions Urge Albany to Pass the Stop Taking Our Pay (STOP) Act, To Crack Down on Racial Wealth Extraction and Exploitation of Low-Wage Workers
On Wednesday, 29 credit unions from across New York State delivered a letter to Governor Kathy Hochul, Senate Majority Leader Andrea Stewart-Cousins, Assembly Speaker Carl Heastie, State Senate Judiciary Committee Chair Luis R. Sepúlveda and State Assembly Banks Chair Clyde Vanel, urging lawmakers to crack down on predatory payday loan apps by passing the Stop…
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COPA Reaches Majority Support in City Council Just One Week After Reintroduction
On Thursday, the Community Opportunity to Purchase Act (COPA) secured majority support in the New York City Council only one week after its reintroduction, reaching 26 sponsors—enough support to pass the legislation.
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Council Member Nurse, Tenants, and Community Groups Announce Reintroduction of COPA with Rally at City Hall
Tenants, affordable housing organizations, and elected officials gathered at City Hall on Thursday with NYC Council Member Sandy Nurse to announce the reintroduction of the Community Opportunity to Purchase Act (COPA), landmark legislation aimed at combating displacement, preserving affordable housing, and expanding community ownership amid New York City’s deepening housing crisis.
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$650 Million and Counting: New Online Tool Tracks Massive Fee Drain from New Yorkers’ Paychecks by Illegal Cash Advance Apps
New Economy Project today released a new interactive tool revealing the massive and growing stream of fees that so-called “earned wage access” (EWA) apps are extracting from New Yorkers’ paychecks—exacerbating the state’s affordability crisis and deepening racial wealth inequality.
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55+ Groups Urge Albany to Boost Funding for CLTs and Community-Controlled Housing in State Budget
On Monday, 55 community groups and advocacy organizations from across New York State delivered a letter to Governor Kathy Hochul, Senate Majority Leader Andrea Stewart-Cousins, Assembly Speaker Carl Heastie, and key state legislators urging $7.5 million in the FY 2027 budget for two critical programs that support community-controlled housing, including community land trusts (CLTs).
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Community Groups, Elected Officials Name NYC’s “Worst Banks” at Public Awards Ceremony
As Wall Street profits soar while New Yorkers face a sharply rising cost of living, mounting debt, displacement, and environmental injustice, community groups and elected officials today named New York City’s “Worst Banks” at a mock awards ceremony outside a Citibank branch in Lower Manhattan.
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Statement on the City Council’s Failure to Override Eric Adams’ Veto of Int. 902-B, the Community Opportunity to Purchase Act (COPA)
Make no mistake: In choosing not to override Eric Adams’ veto of the Community Opportunity to Purchase Act (COPA), the New York City Council is siding with the real estate lobby over the interests of working-class New Yorkers and communities of color.
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Statewide Coalition, Lawmakers Unveil “Stop Taking Our Pay” (STOP) Act at Capitol Press Conference
On Tuesday, community groups, community development credit unions, and impacted New Yorkers from across the state joined lawmakers at the State Capitol to announce the introduction of the Stop Taking Our Pay (STOP) Act (S8939, A9644) sponsored by State Senator Samra Brouk of Rochester and Assemblymember Steven Raga of Queens. The STOP Act would crack down…