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The Guardian: Credit Scores in America Perpetuate Racial Injustice. Here’s How.
The Guardian — Worried about the use of big data for corporate gain? Look not further than the credit scoring system in the US, which has profound impact on our daily lives and is a source and perpetuator of systemic racial injustice.
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Yes! Magazine: NYC’s Credit Unions Give Mom-and-Pop Stores a Chance, Despite Gentrification
Yes! Magazine — “It’s kind of fundamental to their mission,” says Deyanira Del Rio at New Economy Project, an organization that seeks to build democratic local economies by supporting a range of cooperative enterprises. “Not just helping people tap into financial services…but creating opportunities to purchase owned homes and have real economic roots [in the…
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CFPB: New Members of the Consumer Advisory Board
Consumer Financial Protection Bureau, Press Release — New Economy Project Co-Director Josh Zinner is appointed to the CFPB’s Consumer Advisory Board.
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NYC Mayor’s Office: Mayor de Blasio and Human Rights Commissioner Malalis Announce New Law Taking Effect Today to Protect New Yorkers Against Employment Discrimination Based on Credit History
Mayor Bill de Blasio, Press Statement — Mayor Bill de Blasio and Human Rights Commissioner and Chair Carmelyn P. Malalis today launched a new public education and outreach campaign to educate New Yorkers on the City’s new law that protects job applicants and employees against discrimination due to credit history.
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New York Law Journal: City’s Credit Law Tackles Serious Discrimination (Letter to the Editor)
New York Law Journal — The article, “City’s New Credit Check Law Is Unnecessary” (NYLJ, Aug. 13, 2015), unfortunately gets a whole lot wrong about New York City’s newly-enacted employment credit checks ban, which goes into effect Sept. 3.
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El Diario: Polémica: Negocios del ‘Check Casher’ Quieren dar Préstamos
El Diario — La industria de los ‘check casher’ que es usada por muchos hispanos intenta modernizarse, pero se le está haciendo difícil porque es regulada por una ley que data de 1944. Los propietarios están urgiendo a los legisladores neoyorquinos una reforma y la vía libre para proveer préstamos tarjetas de débito y otros…
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Northwest Indiana Times: The Perils of Employment Credit Checks
Northwest Indiana Times — You applied, aced the interview and received a contingent job offer. But then the company pulled it after checking your credit. It’s a scenario that happens often across much of America.
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The Awl: The Ungentrifiers
The Awl — The NYC Community Land Initiative is an alliance of organizations, led primarily by New Economy Project and Picture the Homeless, that is working to establish community land trusts and mutual housing associations throughout the city, beginning in East Harlem.
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Credit Checks Campaign Media Roundup
With just 44 days to go until the Stop Credit Discrimination in Employment Act goes into effect, we put together this media summary of the three-year campaign to win passage of the law. This is just a sampling of the widespread coverage received by New Economy Project and allies in the Coalition to Stop Credit…
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Bloomberg Business: Banks’ Billions in Overdraft Fees Seen Dodging Tough U.S. Rules
Bloomberg Business — “The unfair, deceptive and abusive nature of bank overdrafts calls for deliberate, strong action by the CFPB,” said Sarah Ludwig, co-director of the New Economy Project, a New York advocacy group.
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New Republic: The Future of Wall Street Regulation Is in Andrew Cuomo’s Hands
New Republic — The fight for financial reform has shifted to an unlikely setting: Albany. New York Governor Andrew Cuomo must soon appoint a replacement superintendent for the state Department of Financial Services (DFS), an obscure regulatory position that the current head, Benjamin Lawsky, elevated into a major national player over the past four years.
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Gothamist: Workers Who Get Paid With Debit Cards May Get Screwed A Little Less
Gothamist — Employers who pay their workers with so-called “payroll cards”—an alternative to paper checks or direct deposit that looks a whole lot like a debit card—may finally be forced to spare their employees the steep fees associated with taking out cash and checking their balances.