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New York Community, Worker Rights, Economic Justice, and Environmental Groups Call on City to Establish a Public Bank and Divest from Wall Street
New York, NY – Today, a broad-based coalition of community, worker rights, economic justice, and environmental groups launched a new campaign, calling on New York City to create a public bank.
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Brooklyn Resident’s Legal Settlement with Debt Collection Law Firm Likely to Benefit Thousands of New Yorkers
Ditmas Park resident Romain Prage today successfully settled a lawsuit he filed in 2016 against debt collection firm Kavulich and Associates, securing redress not only for himself but also potentially for thousands of other New Yorkers whose benefits are exempt from debt collection.
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Group Presents Analysis of JPMorgan Chase’s Harms to New Yorkers, at Bank’s Annual Shareholder Meeting
At the JPMorgan Chase shareholder meeting today in Plano, Texas, New Economy Project presented an analysis of Chase’s track record of harming New Yorkers and New York City neighborhoods. The group’s analysis highlighted a litany of discriminatory and abusive practices by the bank, from longstanding mortgage redlining to siphoning of sorely-needed funds from Chase’s lowest-income…
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KICK-OFF: One Fair Wage NY Campaign for Better Wages, Better Tips
Today, tipped wage workers, advocates, and labor leaders held a kick-off event with and elected officials to call for One Fair Wage in New York. The One Fair Wage (OFW) campaign is fighting for better wages, better tips and represents a next step in the Fight For 15 to cover tipped workers left behind, as…
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Statement re: Selection of New Federal Reserve Bank of NY President
We are dismayed that the New York Fed appears poised to appoint a new president through a reportedly closed process, without meaningful consideration of public input. Given the vital role of the New York Fed president and all that is at stake with this appointment, New Economy Project calls on the Fed to pursue an…
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New York Representatives Vote to Weaken New York’s Limits on High-Cost Loans
Last night, Representatives Gregory Meeks (D-NY-5) and Tom Suozzi (D-NY-3) broke with the rest of the state’s Democrats and joined New York’s Republican members of the U.S. House of Representatives in voting to pass a bill, H.R. 3299, that would allow lenders to launder loans through banks to override limits in New York and other…
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60 Groups Call on NYS Senate and Assembly Leadership to Tackle Neighborhood Poverty and Bank Redlining in Budget
A Broad-Based Coalition Urges NYS to Appropriate $25 Million to Community Development Financial Institutions in Face of Trump’s Proposal to Zero Out Federal Funding.
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#HereToStay – NYC Group Provides Rapid-Response DACA Renewal Grants
New Economy Project announced today that it has expanded its NYC DREAMer Loan Fund to provide rapid-response grants to New Yorkers applying for renewal of their Deferred Action for Childhood Arrivals (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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Will NYC Do The Right Thing?
New York City Council Members and community organizations sent a strongly-worded letter to the NYC Mayor Bill de Blasio, Comptroller Scott Stringer, and Commissioner of Finance Jacques Jiha, urging them to divest the City from Wells Fargo Bank, in which New York City reportedly has hundreds of millions of dollars in public funds on deposit.
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NY Groups Decry Decision to Block Pro-Worker Payroll Debit Card Rules
The decision by the Industrial Board of Appeals to revoke the New York State Department of Labor’s groundbreaking rule on payroll debit cards is a clear overreach by the IBA and a major setback for New York’s workers.
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Payday Lending-Free States Cry Foul over OCC “Fintech” Charter
The PaydayFreeLandia coalition, representing 15 states , plus the District of Columbia, demanded today that the Office of the Comptroller of the Currency (OCC) back off a dangerous plan that would gut their states’ strong consumer protection laws.