-
MTA To Rein in Unfair Collection Practices Under Settlement in Federal Class Action Challenging Systemic Violations of Low-Income New Yorkers’ Civil Rights
A federal court granted preliminary approval of a settlement in a class action lawsuit charging the New York City Transit Authority (NYCTA), an arm of the Metropolitan Transportation Authority (MTA), with aggressively going after thousands of New Yorkers for alleged debts in violation of their constitutional due process rights.
-
Once Again, Albany Prioritizes Big Banks and Real Estate Over New York Communities
This year’s legislative session followed an all-too-familiar pattern of monied interests driving the state’s legislative agenda at the expense of working class New Yorkers. Our coalition strongly denounces Albany’s failure to enact the New York Public Banking Act (S1754/A3352), which would create a framework for local public banks that would leverage public deposits toward investments…
-
Community Groups, Tenants, and Electeds Rally at City Hall for Legislation, Funding to Expand Community Land Trusts
In the wake of Albany’s failure to address the affordable housing crisis, more than 50 community, housing, and environmental justice groups and elected officials gathered at City Hall Park to call on the City to enact the Community Land Act, a slate of bills to expand community control of land and permanently-affordable housing in low-income Black…
-
New Yorkers Demand a Public Bank at First-Ever Hearing on Banks Eligible to Hold Billions in NYC Deposits
Dozens of New Yorkers representing community groups across the city testified today at the first-ever public hearing before the NYC Banking Commission on the designation of banks eligible to hold municipal deposits. A familiar refrain at the hearing was the call for a public bank to hold city funds and reinvest in low-income neighborhoods and…
-
110+ Groups Call on Mayor and City Council Speaker to Address Affordability Crisis in Wake of State Inaction on Housing
A coalition of 113 community and affordable housing groups delivered a letter to New York City Council Speaker Adrienne Adams and Mayor Eric Adams, urging them to take bold and immediate action to address the city’s affordability crisis. Citing the state’s failure to strengthen tenant protections or pass other housing justice measures in the recent…
-
160+ Community And Labor Groups Call on Albany to Pass NY Public Banking Act
Today, 163 organizations from across New York State delivered a letter to Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl Heastie urging swift passage of the “New York Public Banking Act” (S1754/A3352) to advance racial and economic justice and ensure that public money works for the public good.
-
Groups, Electeds Hold Press Conference at NYS Capitol Calling for Enactment of New York Public Banking Act
As the NYS Legislature turns its attention to its post-budget priorities, community and labor groups called on Albany lawmakers to enact the New York Public Banking Act (S1754/A3352) this legislative session. The bill, sponsored by Senate Banks Committee Chair James Sanders Jr. and Assembly Banks Committee Chair Pamela J. Hunter, creates a safe and appropriate…
-
City Council Holds Hearing on Creating a New York City Public Bank
The New York City Council Committee on Finance held a hearing today on a series of bills, collectively dubbed “The People’s Bank Act,” to create a public bank in New York City. A public bank will enable the city to leverage its immense financial resources toward advancing economic security and shared prosperity for all New…
-
Majority of Senate Co-Sponsors New York Public Banking Act
Today, New York State legislators joined community and labor groups from across the state in calling on Albany to enact the New York Public Banking Act (S1754/A3352), which as of late last week has been co-sponsored by a majority of the NYS Senate.
-
Community and Labor Groups Raise Alarm Over Latest Financial Crisis, Urge Lawmakers to Adopt Public Banking
In response to the banking crisis sending shockwaves through the economy, a statewide coalition delivered a letter to NYS Senate Majority Leader Andrea Stewart-Cousins and NYS Assembly Speaker Carl Heastie urging passage of the New York Public Banking Act to “give local governments a sorely-needed ‘public option’ for holding public deposits.” The bill would create a safe…
-
Comptroller, Public Advocate, Borough Presidents, Council Members, Groups Call on Albany to Clear Way for NYC Public Bank
Today, elected officials, including City Comptroller Brand Lander, Manhattan Borough President Mark Levine, and members of the City Council, joined the Public Bank NYC coalition for a spirited press conference calling on the state to enact legislation opening the way for public banking in New York City.
-
NYC Comptroller, Public Advocate, Council Members, Advocates Rally for New Vision for Housing
Ahead of City Council oversight hearing, legislation sponsors, NYC Community Land Initiative, Housing Justice For All, and non-profit affordable housing developers made the case for transformative social housing bills