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Testimony Before the NYC Council’s Committee on Consumer Affairs and Business Licensing, on Council Intro. 1912
New Economy Project strongly supports Int. 1912 and we urge the Committee to bring the bill before the full body of the NYC Council, for the swiftest possible passage into law. We commend Speaker Johnson and other sponsors of this emergency legislation for their strong leadership. New Economy Project, along with thousands of New Yorkers…
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Comment Letter to the OCC and FDIC on Proposed Community Reinvestment Act Rulemaking
New Economy Project strongly opposes the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC)’s proposed changes to the Community Reinvestment Act (CRA) regulations. The agencies’ proposed CRA regulations would effectively dismantle CRA to advance a destructive deregulatory agenda – made even worse by your agencies’ failure to extend the…
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Letter to Governor Cuomo and Chief Judge Janet DiFiore on Suspending Debt Collection During Coronavirus Pandemic
We, the undersigned 63 civil rights, racial and economic justice, labor, and community groups, call on New York to institute an immediate moratorium on debt collection in our state, as part of a broader set of emergency measures needed to protect public health and safety and financial security, during this unprecedented crisis.
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Testimony Before the U.S. House Committee on Financial Services Task Force on Financial Technology
My testimony today is informed by more than two decades of work with low-income New Yorkers and community groups to challenge systemic discrimination by Wall Street banks and other financial corporations, and to support responsible, cooperative, and community development finance.
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Statement on Governor Cuomo’s “State of the State” Proposal to Expand Access to Safe and Affordable Financial Services
New Economy Project applauds Governor Cuomo’s proposal to provide $25 million in new seed funding over five years for the New York State Community Development Financial Institutions Fund (NYS CDFI Fund). By supporting the state’s robust network of 80+ cooperative and community-controlled credit unions and loan funds, New York will take a critical first step…
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Letter to Mayor Bill de Blasio on Proposal to Add Financial Technology to IDNYC Cards
The undersigned community, labor, immigrant, civil rights, legal services, and economic justice organizations write to express our united and unqualified opposition to the administration’s plan to add financial technology and a host of integrations to NYC’s municipal identification (IDNYC) cards, which are held by more than 1.2 million New Yorkers.
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Comment to CFPB on Proposed Debt Collection Rulemaking
The CFPB’s proposed debt collection rule sanctions and provides safe harbors for abusive and discriminatory debt collection, and would take the country in exactly the wrong direction.
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Legislative Memo in Support of S.3851/Sanders-A.3636/Niou
This bill would amend the General Business Law so that financial services providers regulated under New York State law would not be permitted to “require a confession of judgment in any contract or agreement for a financial product or service.”
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Testimony Before NYC Council Committees Regarding the FY 2020 Community Land Trust Initiative
The proposed citywide CLT initiative will allow groups to build upon exciting progress at a critical moment of opportunity. The initiative will support essential CLT community education and organizing, board and member training, and other start-up costs; build capacity through legal, financial, and technical assistance; and promote coordination among CLTs so they reach a sustainable…
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Letter to CFPB Director Kraninger, Explaining Why We Declined Her Invitation to a New York Meeting
A letter explaining our decision to decline an invitation to meet in New York City. Under normal circumstances, we would certainly meet with the head of an important agency, even if we disagreed with policies the agency was pursuing. But the current situation is anything but normal.
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Sign-on Letter to Temporary President and Majority Leader Andrea Stewart-Cousins:, Re: Request to Include $25 Million for the NYS CDFI Fund in the Final Budget
A diverse group of 65 organizations from throughout New York State request a $25 million appropriation to fund the New York State Community Development Financial Institution Fund (NYS CDFI Fund).
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Testimony Before the NYC Council Committee on Consumer Affairs and Business Licensing, on Cashless Business Legislation
Testimony in support of Intro. 1281, sponsored by Council Member Ritchie Torres, prohibiting retail establishments from refusing to accept payments in cash.