-
Greetings from Paydayfreelandia!
WASHINGTON, D.C. – Today advocates from states across the country that ban predatory payday lending voiced strong opposition to the Consumer Financial Protection Bureau (CFPB)’s actions to gut federal rules to curb predatory payday lending.
-
Statement on Amazon’s HQ2 Withdrawal
Amazon’s decision to withdraw its proposed headquarters from Queens is a huge win for New Yorkers and New York communities, and should mark a dramatic turning point in New York’s approach to economic development.
-
Statement from New York Groups on Nomination of Linda Lacewell to Lead NYS Department of Financial Services
The next DFS Superintendent must commit to taking bold action against financial companies that systematically exploit New Yorkers and extract wealth from New York communities. As the state’s chief regulator of the banking, insurance, check cashing, bail bond, and other financial industries, DFS has an obligation to advance racial, gender and economic justice. Given the…
-
Statement by New York Groups re: Postal Banking
Our organizations support the concept of “postal banking,” as a potentially transformative form of public banking. As banks continue to redline New York neighborhoods — perpetuating poverty, inequality, and segregation — bold solutions like postal banking are clearly needed. Some recently-introduced proposals, however, would exacerbate our two-tiered financial system and promote debt as a solution…
-
Retirement Un-Readiness: New Report Warns of ‘Downward Mobility’ for NY Near-Retirees
More than two of every five middle class New Yorkers in their 50s are headed for poverty or near-poverty in retirement. Typical workers in the bottom 90 percent of earnings will need almost a third more income in retirement to maintain their standard of living. And fewer workers of color have access to workplace retirement…
-
Environmental & Community Groups Call on NYC to Divest from Banks that Fuel Climate Change and Establish a Public Bank
As global leaders assemble for the United Nations-backed 4th Annual Climate Finance Day, New Yorkers, including representatives of environmental, community and student groups, rallied at City Hall and called on NYC to divest public money from banks that fuel climate change and to establish a municipal public bank to help fund the transition to a…
-
Major Funding From Groundbreaking Class Action Will Help New Yorkers Defend Against Abusive Debt Collection Lawsuits
A group of class action attorneys announced today that funds remaining from a groundbreaking class action lawsuit they brought against a debt collection ring will be awarded to nonprofit legal clinics across New York State that provide free assistance to New Yorkers sued by debt collectors.
-
Communities Announce New York Rise for Climate, Jobs, and Justice March September 6
New York, NY — Today, leading New York organizations announced the New York Rise for Climate, Jobs, and Justice march on September 6 around the Global Climate Action Summit. At the Summit, state and local officials are expected to gather in San Francisco to make commitments and fill the void of climate leadership from the…
-
Senator Sanders Holds Hearing to Examine Modernization of CRA
New York – State Senator James Sanders Jr. (D-Queens) recently held a hearing on the Community Reinvestment Act, in response to the US Treasury Department’s recommendations on modernizing the law.
-
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.
-
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.
-
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…