Press Releases
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Payday Lending-Free States Cry Foul over OCC “Fintech” Charter
The PaydayFreeLandia coalition, representing 15 states , plus the District of Columbia, demanded today that the Office of the Comptroller of the Currency (OCC) back off a dangerous plan that would gut their states’ strong consumer protection laws.
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New York Groups and Elected Officials Call on CFPB to End Payday Loan Debt Traps
Prominent New York City and State elected officials joined with labor, grassroots, civil rights, faith-based and legal services groups, as well as community development financial institutions, to send a strongly-worded letter on Friday to Consumer Financial Protection Bureau Director, Richard Cordray, calling on the federal watchdog agency to crack down on predatory payday lending.
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PaydayFreeLandia Calls on CFPB to Issue Strong Payday Lending Rule and End the Payday Loan Debt Trap
Members of the PaydayFreeLandia coalition sent strongly-worded letters today to Consumer Financial Protection Bureau Director Richard Cordray, calling on the federal consumer watchdog agency to crack down on predatory payday lending.
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Victory for Workers: Press Statement on NYS Payroll Card Rules
Our organizations commend New York State Governor Cuomo and the NYS Department of Labor for adopting critical new payroll card regulations that protect workers’ hard-earned wages. An estimated 13,000 businesses in New York State pay approximately 200,000 workers through payroll cards. New York’s wage laws have not kept up with the proliferation of the cards,…
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New Economy Project Testifies at Federal Field Hearing that Debt Buyers Illegally Extract Billions of Dollars from Communities of Color
Debt collectors engage in rampant fraud and systematically use the courts to extract billions of dollars from low-income people and people of color, according to hard-hitting testimony delivered today by Susan Shin, New Economy Project’s legal director. Shin traveled to Sacramento, California to share our expertise from years of working with thousands of low-income New…
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NY Groups Call on New DFS Supt. Maria T. Vullo to Speak Out Against Check Casher Industry Bill
New Economy Project, Lower East Side People’s Federal Credit Union, MFY Legal Services, Inc., Westchester Residential Opportunities, Inc., and Western New York Law Center issued a statement regarding the NYS Senate’s confirmation of Maria T. Vullo as Superintendent of Financial Services, the state’s top financial regulator.
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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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Community Groups Call on New York City to Fight for Responsible Banking Act
The Association for Neighborhood and Housing Development (ANHD), New Economy Project, Legal Services NYC, and the National Community Reinvestment Coalition (NCRC) are profoundly disappointed that a U.S. district court has ruled in favor of the banking industry in striking down the NYC Responsible Banking Act (RBA).
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Statement on Proposed NYS Payroll Card Rules
New Economy Project commends the Governor and NYS Department of Labor for advancing workers’ rights in New York State, by issuing strong proposed rules to regulate payroll cards.
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New York Group Protests JPMorgan Chase’s Lobbying Against Financial Reforms
A leading New York economic justice organization traveled to Detroit, MI, today to speak out at JPMorgan Chase’s annual shareholder meeting and demand accountability by the bank.