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Kansas City Star: CFPB drops Kansas payday lending case, stoking fears Trump is backing off the industry
Kansas City Star — Without explanation, the Consumer Financial Protection Bureau has dropped a lawsuit in Kansas it had filed a year ago against four payday lending companies.
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350.org: New Yorkers Celebrate as NYC Mayor Announces Divestment from Fossil Fuels, Files Climate Lawsuit
350.org, Press Release — Today, following over five years of persistent campaigning from New Yorkers, New York City Mayor Bill de Blasio announced the City is moving forward with full fossil fuel divestment. The city’s five pension funds, a combined $191 billion, will divest $5 billion in securities from over 100 fossil fuel reserve owners.
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City Limits: The NYC Community Land Trust Movement Wants to Go Big
City Limits — The community land trust movement is on the rise in cities across the country from Miami to Oakland, but as of late, the Big Apple arguably ranks among the cities where the movement is most energized. Across the five boroughs, where for the past 20 years there’s been one community land trust…
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Nonprofit Quarterly: NYC Partners with Community to Improve Neighborhood Financial Health
Nonprofit Quarterly — A recent report issued by the NYC’s Office of Financial Empowerment, in collaboration with New Economy Project and other groups, examines the causes of neighborhood financial distress and proposes systemic solutions.
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2017 Roundup
Check out this two-page snapshot highlighting some of New Economy Project’s work, events, and media coverage during 2017!
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NYC Dept. of Consumer Affairs: DCA Releases Report on the Ways Neighborhoods Influence Residents’ Financial Health
NYC Dept. of Consumer Affairs, Press Release – The report is the product of a year-long collaboration between DCA and a team led by New Economy Project to define neighborhood financial health and offer a set of goals and indicators for a financially healthy neighborhood.
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New York Law Journal: Win for Consumers: Second Circuit Reverses Debt Collection Suit
New York Law Jounrnal — Attorneys for the plaintiffs in a debt collection suit lauded a decision Monday by the U.S. Court of Appeals for the Second Circuit, calling it a major victory for low-income people facing aggressive and potentially illegal collection practices.
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NBC News: Despite Ban on Payday Lending, Public Pensions Profit from Outlawed Loans
NBC News — Our Campaigns Director Andy Morrison talks to NBC’s I-Team about New York State and City’s investments in companies whose predatory loans are illegal in New York.
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Vice: Young Immigrants Are Rushing to Renew Paperwork Before Trump Kicks Them Out
Vice — Over the past five years, Maggie Kawinski watched as her young clients’ lives slowly came into focus. The New York immigration attorney has been working with undocumented people covered by the Deferred Action for Childhood Arrivals (DACA) program protecting those brought to the US as children since Barack Obama started it in 2012.
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El Diario: ¿Necesitas $495 para renovar DACA? La Ayuda Crece
El Diario — Ante la incertidumbre, la fecha límite y las ganas de colaborar para facilitar las cosas en lo posible a los acechados dreamers, organizaciones comunitarias, financieras y personas individuales están juntando esfuerzos para ayudar a renovar los documentos de DACA.
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Standing Up for DACA
We support the rights of DREAMers – and all immigrants – to live with dignity and justice. In the face of this attack, we are immediately expanding our NYC DREAMer Loan Fund. Over the next month, we will make 0% interest loans, and a limited number of grants, to cover DACA renewal fees for eligible…
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The Nation: The Solution to Our Housing Crisis Is to Let Communities Own Property
The Nation — New York used to be a place where an average Joe could come to make it in the big city, but these days the average New Yorker struggles just to make rent.