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NY Times: Awaiting Foreclosure Relief
New York Times — Legislation in New York awaiting the governor’s signature would prevent lenders’ lawyers from leaving homeowners facing foreclosure in a state of legal suspense.
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NY Times: U.S. Vows to Battle Abusive Debt Collectors
New York Times — Federal regulators are cracking down on questionable debt collection practices by some of the nation’s biggest lenders.
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NY Daily News: Community Groups Urge Gov. Cuomo to Quickly Sign a Bill That Would Spare New Yorkers from Foreclosure
New York Daily News — Dear Gov. Cuomo: Please sign this bill so that more New Yorkers won’t lose their homes in foreclosure.
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Telemundo: Tarjeta para Cobrar
Telemundo — New Economy Project’s Deyanira Del Rio speaks to Telemundo about the growing use of payroll cards.
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NY Times: Paid via Card, Workers Feel Sting of Fees
New York Times — A growing number of American workers are confronting a frustrating predicament on payday: to get their wages, they must first pay a fee.
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NY1: Advocacy Group Details Explosion In Debt Collection Lawsuits
NY1 — The Road to City Hall’s Errol Louis spoke with Sarah Ludwig, the founder and co-director of New Economy Project, formerly known as NEDAP, about her new report “The Debt Collection Racket in New York.”
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Bloomberg Businessweek: How Debt Collectors Ruin Credit Reports With ‘Sewer Service’
Bloomberg Businessweek — Creditors filed “upwards of 200,000” debt collection lawsuits in New York State in 2011, according to a report this week from the New Economy Project, a community advocacy group that has sued debt collectors in the past.
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Buffalo News: N.Y. Consumer Group Targets Deceptiveness of ‘Debt Buyers’
The Buffalo News — Hundreds of thousands of New York consumers are victimized by “predatory” debt-collection practices in which “debt buyers” flood the courts with unsubstantiated lawsuits and give inadequate legal warning to consumers in the hope that no one shows up to contest the claims, a new report by a consumer group said Monday.
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Syracuse Post-Standard: Report Finds Debt Collectors Abuse the Courts in Syracuse
Syracuse Post-Standard — Rosetta had no idea she had any outstanding debt until she was told at work that her wages were about to be garnished to repay the debt. The Syracuse woman, who didn’t want her last name used, said her identity had been stolen by someone who racked up more than $4,000 in…
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NBCNews.com: Courts Clogged by Debt Cases, ‘Rubber Stamp’ Rulings, Advocacy Group Says
NBCNews.com — In Rochester, N.Y., city court is a busy place – for debt collectors. Plaintiff’s lawyers seeking judgments against alleged debtors consume 89 percent of the court docket — 7,148 of the 8,032 lawsuits heard in city court during 2011 involved debt collection, a remarkable number.
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NY Times: Sallie Mae Will Split Old Loans From New
New York Times — The nation’s largest private student lender, Sallie Mae, is cleaving itself into two companies — a move that will create a new home for more than $100 billion ofstudent loans amid broad concerns from federal authorities and consumer advocates that graduates hobbled by debt are increasingly falling behind on their payments.
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NY Daily News: New York City Set to Sell Tax Liens on Homes Damaged by Hurricane Sandy to Debt Collectors
NY Daily News — Talk about kicking someone when they’re down. Hundreds of New York City homeowners hurt by Hurricane Sandy are about to get hit by another blow — the sale of their tax liens to debt collectors, the Daily News has learned.