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Press Releases

  • 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…

  • 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…

  • 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…

  • 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.

  • #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).

  • 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…

  • 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.

  • 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.

  • 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.

  • New York Groups and Elected Officials Call on CFPB to End Payday Loan Debt Traps

    Prominent New York City and State elected officials joined with labor, grassroots, civil rights, faith-based and legal services groups, as well as community development financial institutions, to send a strongly-worded letter on Friday to Consumer Financial Protection Bureau Director, Richard Cordray, calling on the federal watchdog agency to crack down on predatory payday lending.

  • PaydayFreeLandia Calls on CFPB to Issue Strong Payday Lending Rule and End the Payday Loan Debt Trap

    Members of the PaydayFreeLandia coalition sent strongly-worded letters today to Consumer Financial Protection Bureau Director Richard Cordray, calling on the federal consumer watchdog agency to crack down on predatory payday lending.

  • Victory for Workers: Press Statement on NYS Payroll Card Rules

    Our organizations commend New York State Governor Cuomo and the NYS Department of Labor for adopting critical new payroll card regulations that protect workers’ hard-earned wages. An estimated 13,000 businesses in New York State pay approximately 200,000 workers through payroll cards. New York’s wage laws have not kept up with the proliferation of the cards,…