Press Releases
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Press Release: NY Labor & Community Groups Endorse CFPB Rule To Crack Down on Predatory Paycheck Advance Loans
Groups called on New York regulators to aggressively enforce the state’s usury Law and take action against predatory fintech companies that exploit workers.
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Press Statement: New CFPB Rule Cracks Down on Predatory “Fintech” Payday Loans
New Economy Project strongly supports the CFPB’s proposed rule cracking down on predatory payday loans, marketed through Earned Wage Access (EWA) phone apps. Financial technology (or fintech) companies use these insidious apps to prey on low-wage workers – peddling debt trap loans with interest rates as high as 300% or more.
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Statement from the Abolish the Tax Lien Sale Coalition: The City Takes First Step Toward Abolishing the Lien Sale, but the Fight Isn’t Over
On Sunday, the City responded to years of relentless advocacy by the Abolish the Tax Lien Sale Coalition by enacting legislation to address the severe inequities caused by the city’s tax lien sale.
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Leading Good Government & Labor Groups Endorse Bank of Rochester Act
Albany, NY – Today, five leading good government and labor groups announced their support of the Bank of Rochester Act (S9326/A10134), which would authorize Rochester to establish a public bank to hold government deposits and reinvest in local economic development. AFSCME NY, CWA District 1, New Yorkers for Fiscal Fairness, NYPIRG, and Strong Economy for All argue the…
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Data Analysis: Glaring Loan Disparities Bolster Calls for Rochester Public Bank
Today, the NYS Community Equity Agenda coalition released a striking analysis and map of home mortgage data in Monroe County, revealing severe racial disparities and continued redlining. The findings highlight the urgent need for the Bank of Rochester Act, a bill currently under consideration in the state legislature. Sponsored by state Senator Samra Brouk and Assemblyman…
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Electeds, Groups Rally at City Hall for Enactment of the Community Opportunity to Purchase Act
On Thursday, more than 50 community, housing, and environmental justice groups and elected officials rallied at City Hall for enactment of the Community Opportunity to Purchase Act (COPA), which would give community land trusts (CLTs) and other nonprofits a first right to bid on multifamily buildings when a landlord sells. COPA – which was reintroduced at Thursday’s…
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Groups, Electeds Hold Press Conference at Capitol, Calling on Albany to Bring Public Banking to New York
On Wednesday, lawmakers joined community and labor groups at the Capitol to demand Albany bring public banking to New York this legislative session. The coalition declared its strong support for a new bill, the Bank of Rochester Act (S9326/A10134) and continued to call for passage of the broadly-supported New York Public Banking Act (S1754/A3352).
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Groups, Tenants, Electeds Rally at City Hall, Demand Council Boost Community Land Trusts To Keep New Yorkers Housed
On Thursday, more than 50 community, housing, and environmental justice groups and elected officials rallied at City Hall for the Community Land Act, a slate of local bills that would give community land trusts (CLTs) tools to remove land from the speculative market and expand community- and tenant-controlled permanently affordable housing in Black and brown neighborhoods.…
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Tenants, Community Groups, and Electeds Launch Campaign to Pass the Tenant Opportunity to Purchase Act With Rally in Brooklyn
As soaring housing costs continue to push New Yorkers out of their neighborhoods and the state, members of the Housing Justice for All and New York City Community Land Initiative coalitions rallied with elected officials, tenants and other advocates on Thursday to demand passage of the Tenant Opportunity to Purchase Act (TOPA) in this year’s…
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Public Bank NYC Coalition Renews Calls For Public Bank As City Council Member Keith Powers Reintroduces The People’s Bank Act
The People’s Bank Act, a package of bills that would lay the foundation for a public bank in New York City, was officially reintroduced today for the 2024-2025 New York City Council legislative session.