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The Lurie Daniel Favors Show: Community Land Trusts
The Lurie Daniel Favors Show — Our Akilah Browne discusses community land trusts and organizing with Lurie Daniel Favors.
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Market Watch: The Looming $21.3 Billion in Debt That Could Cost Americans Their Homes
Market Watch — Nearly 6.4 million households owe an estimated $21.3 billion in rent debt, putting them at risk of losing their homes when the national eviction moratorium expires on Saturday.
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NowThis News: AOC Calls Out Colleagues for Banking Bill Comments
Our co-director Deyanira Del Río testifies before the U.S. House Financial Services Committee, Subcommittee on Consumer Protection and Financial Institutions, and answers questions from Representative Alexandria Ocasio-Cortez.
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The Nation: Why Shouldn’t the People Own the Banks?
The Nation — Even as the pandemic devastated New York City, megabanks like JPMorgan Chase and Bank of America continued to do a roaring trade. And now those financial behemoths are set to manage the funds that New York City and other municipalities will be deploying for the recovery. But financial justice advocates want to…
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Daily News: An Idea New York Should Invest In: A Municipal Bank Makes Great Sense
Daily News — New York has been making slow, halting moves in the direction of creating a public bank — a publicly owned financial institution that would facilitate financial services, especially loans, to help students, families and small businesses, using the billions of dollars in tax revenue, fees and fines and operating cash the city…
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Newsday: Banks Accused of Soaking Poor With Fees Amid Pandemic
Newsday — Banks have charged Long Islanders an estimated $120 million in overdraft, ATM and maintenance fees since the start of the pandemic, compounding the economic hardships experienced by low-income residents, according to a report issued by a coalition of progressive groups Wednesday.
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Gotham Gazette Op-Ed: New York City Gets Back in Bed with a Bad Bank — But There’s a Better Way
Gotham Gazette- Reopening the door to Wells Fargo suggests that city officials have not learned the lessons of the past year, or decades. In the face of New York’s severe affordable housing shortage, climate devastation, and extreme racial wealth inequality—all exacerbated by COVID-19—we need bold action. A public bank would build wealth and power in…
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The Capitol Pressroom: Creating an economy that works for all New Yorkers
New Economy Project founder and co-director Sarah Ludwig discusses a new state law protecting stimulus checks from debt collectors and makes the case for legislation enabling New York municipalities to create public banks.
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Gotham Gazette: Competing Visions of Public Banking in New York City
Gotham Gazette — In recent memory public banking was an idea that belonged either to a distant utopian future or a distant populist past. But today, not only is public banking on the agenda of major New York politicians, but competing visions of public banking are on offer.
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Capital Tonight: Sen. James Sanders’ Public Banking Bill: How it Could Work in New York
Capital Tonight — For decades, many banks in the U.S. denied mortgages to people of color based strictly on race or the neighborhood where they lived. The practice, which started in the 1930s, was called red-lining and it was backed by the U.S. government. It’s one of the reasons that black families lost out on…
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Spectrum News: Debt Collectors Would Be Barred From Taking COVID-19 Stimulus Money
Spectrum News — Consumer groups are applauding a bill that is meant to keep debt collectors from garnishing the stimulus payments and other direct aid approved by the federal government to offset the financial strain created by the pandemic.
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City Limits: Council Weighs ‘Public Banking’ Bills as Advocates Push City to Divest from Corporate Banks
City Limits — The City Council’s finance committee took up a slate of bills Wednesday that aim to increase public transparency around where the city does its banking—what advocates say would be the “first key steps” towards starting a public bank in New York City.
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