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Testimony Before the NYC Council Committee on Immigration, Regarding IDNYC Program Oversight
Testimony regarding the Mayoral administration’s dangerous proposed plan to partner with a financial technology or other financial services company to embed an EMV/contact and RFID/contactless chip in the next generation of IDNYC cards, to allow for broad integration with private and public services and systems.
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Comments to the Office of the Comptroller of the Currency (OCC) on Proposed Community Reinvestment Act Regulatory Framework
The OCC’s unilateral proposal of a CRA “modernization” framework falls utterly short of improving the CRA, and is clearly intended to advance the destructive deregulatory agenda embraced by Comptroller Otting and others in the administration.
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Testimony on Behalf of the Public Bank NYC Coalition Before the 2019 NYC Charter Revision Commission
I’m pleased to present testimony on behalf of Public Bank NYC, a broad-based coalition New Economy project co-founded and coordinates. Public Bank NYC is made up of community, civil rights, environmental, and economic justice groups fighting for the creation of a municipal public bank – chartered to serve the public interest, accountable to New Yorkers,…
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Testimony at NYS Department of Labor’s Hearing on Raising the Subminimum Wage for Tipped Workers
TESTIMONY OF ANDY MORRISON, CAMPAIGNS DIRECTOR NEW ECONOMY PROJECT Subminimum Wage Hearing June 27, 2018 Thank you to Commissioner Reardon and the NYS Department of Labor for the opportunity to participate in today’s important hearing and to share our comments about Governor Cuomo’s proposal to examine raising the base wage paid to tipped workers to…
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Comments Delivered to JPMorgan Chase Management at 2018 Annual Shareholder’s Meeting
On May 15, New Economy Project traveled to JPMorgan Chase’s shareholder meeting in Plano, Texas to direct questions to CEO Jamie Dimon and call on the bank to end its destructive and extractive practices, which have served to perpetuate poverty, segregation, and inequality. Below are the full comments delivered by Juleon Robinson and Andy Morrison.
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Sign-on Letter to Speaker Carl E. Heastie, Re: Request to Include $25 Million for the NYS CDFI Fund in the Final Budget
A diverse group of 59 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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Sign-on Letter to Secretary of the Treasury Steven T. Mnuchin on Strengthening the Community Reinvestment Act
Nearly 500 national, state, and local organizations urge Secretary Mnuchin to strengthen the federal Community Reinvestment Act in an effort to increase access to safe and sound lending, investments, and banking services in low-income communities and communities of color.
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Sign-on Letter to NYS Comptroller Dinapoli on NYS Investments in Private Equity Firms Profiting from the Crisis in Puerto Rico
Groups demand that the New York State Common Retirement Fund divest from both The Blackstone Group and TPG Capital, two large private equity managers exploiting the crisis in Puerto Rico and profiting from human suffering.
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Open Letter to the New York Federal Reserve Presidential Search Committee
A diverse group of organizations calls on the New York Federal Reserve Presidential Search Committee to conduct an open and transparent search process, and focus on identifying an individual with a proven track record of leadership, effectiveness in engaging with ordinary Americans, a strong understanding of the broader economy, and a firm commitment to the…
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Letter to NYC Comptroller Stringer Calling for Divestment from Illegal Payday Lenders
Groups from across New York City urged Comptroller Stringer to immediately and permanently divest New York City’s pension funds from payday lending companies – whose loans are categorically illegal in New York. City pension funds invested more than $20 million in payday lending and high-cost installment lending companies in 2016. Additionally, City pension funds invested…
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NYCCLI Testimony before NYC Council Committee on Housing and Buildings, regarding CLT regulatory agreements
In our testimony, we outline important changes to Intro. 1269 that are needed before it moves forward. We also are pleased to highlight the rapidly-expanding landscape of community land trusts in our city and additional policy recommendations by our alliance. We understand that Intro 1269 is a first step toward strong local policymaking to advance…
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“PaydayFreeLandia” Coalition Statement on CFPB’s Payday Lending Rule
Today the Consumer Financial Protection Bureau (CFPB) issued federal regulations to protect people from the abusive payday lending industry. New Economy Project is a member of the “PaydayFreeLandia” Coalition – a group of civil rights, labor, faith-based and community organizations from the 15 states where predatory payday lending is illegal. The coalition issued a statement…