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New York Times: Group Urges New York City to End Credit Checks by Employers
New York Times — New York City employers use credit checks to screen applicants for all sorts of jobs, like dog-walking and janitorial work. A coalition of municipal labor leaders, liberal advocates and left-leaning City Council members is seeking to end that practice, saying it disproportionately harms blacks and Hispanics without accurately predicting fraud or…
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2014 Media Round-Up
A snapshot of New Economy Project’s media coverage in 2014.
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NYS Department of Financial Services: New Regulation of Debt Collection Practices
NYS Department of Financial Services, Press Release — Governor Andrew M. Cuomo today announced new, nation-leading reforms that will protect consumers against abusive and deceptive debt collection practices.
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Epoch Times: NY Bank Offers Throw Financial Lifeline to the Needy
Epoch Times — New York is considering a novel solution to alleviate the lending needs of credit-strapped low-income consumers called “borrow and save,” a type of loan designed to simultaneously extend credit lines to the needy and help them rejoin the financial mainstream.
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Main Street: More than Half of Americans Who Overdraft Have The Same Ailment
Main Street — Some 50% of Americans who fall into overdraft do so, because they don’t know their account balance, according to a recent survey from GoBankingRates. That lack of knowledge is extra dangerous when it comes to the overdraft policies of banks, and consumer advocates are fighting back to end these misleading overdraft bank…
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WSHU: Banks Agree To Block Payday Lenders
WSHU — Four additional banks have agreed to block online payday lenders from accessing customer accounts in New York. The agreement comes as the banks’ processing network remains silent on efforts to keep the illegal loans from crossing state borders.
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NY1: New Economy Project Speaks on New Debt Collection Rules
NY1 — Senior Staff Attorney Claudia Wilner and client Marquisha Parker appear on NY1’s “Inside City Hall” to discuss the broken debt collection system and recent reforms in New York State’s courts.
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American Banker: Banks Could Be Next Target in Debt Collection Litigation
American Banker — Just when it seemed that some banks might be putting their legal woes behind them, another threat has emerged that could involve the entire industry — debt- collections litigation.
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Crain’s NY Business: Lobby Looks to Cash In
Crain’s New York Business — Letter to the Editor by New Economy Project Co-director Josh Zinner: “Check cashers try lending a hand” (Aug. 18) paints a misleadingly rosy picture of the check-cashing lobby’s motivations.
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The Nation: Why Are Employers Checking Job Applicants’ Credit Histories?
The Nation — It’s the classic Catch-22 of the doomed job search: How do you get a job? You need experience. And how do you get experience? Get a job. But for many, the unemployment cycle gets further twisted when it intersects with the debt cycle. When prospective employers run credit checks, a bad report…
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Queens Chronicle: Should Employers Check Your Credit?
Queens Chronicle — A bill that aims to “prohibit discrimination based on one’s consumer credit history” by banning employers from doing credit checks on job applicants will be the subject of a City Council hearing set for 10 a.m. Sept. 12 at City Hall.
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Ft. Greene Focus: Slamming Hiring Practices As Unfair, Brooklyn Leaders Call For Reform
Ft. Greene Focus — Slamming current hiring practices as unjust, area leaders are pushing for new city laws that would prevent employers from immediately asking about an applicant’s arrest history, as well as ban employment credit checks.