-
New Economy Project comment letter to CFPB on proposed payday lending rule
We urge the CFPB to issue a strong final rule that, once and for all, stops payday and other high cost lenders from ensnaring people and their families in a debt trap. With its ever-growing wealth and income gaps, our country cannot afford to suffer the disastrous effects of a too-moderate rule that would allow…
-
New York comment letter to CFPB on proposed payday lending rule
We, the 131 signatories to this letter, represent a diverse cross-section of elected officials, government, labor, grassroots organizing, civil rights, legal services, faith-based and other community organizations, as well as community development financial institutions. We respectfully request that the CFPB count this letter as 131 comments.
-
PaydayFreeLandia comment to CFPB on proposed payday lending rule
Organizations based in the 14 states, plus the District of Columbia, where payday lending is prohibited by state law, urge the CFPB to issue a final rule that will bolster states’ efforts to enforce their usury and other consumer protection laws against payday lenders, debt collectors, and other actors that seek to make, collect, or…
-
Testimony before the New York City Council Housing & Buildings Committee
New Economy Project Staff Attorney Eve Weissman testifies in support of legislation that would identify underutilized property in NYC that should be tapped to create deeply and permanently affordable housing, and to serve other community uses such as open, cultural and commercial space.
-
Testimony before the Consumer Financial Protection Bureau, on abusive debt collection
New Economy Project’s legal director, Susan Shin, testified before the Consumer Financial Protection Bureau on how debt collectors routinely engage in rampant fraud and systematically use the courts to extract billions of dollars from low-income people and people of color.
-
Memo in Opposition to A.9635/S.6985, Legislation that Would Allow Check Cashers to Make Loans
New Economy Project opposes A.9634/S.6985, which would permit New York check cashers to make loans. The bill would allow check cashers, which have no experience as lenders, to make loans to New Yorkers and small businesses in New York, without ensuring the safety and soundness of those loans. By allowing an unprecedented and unwarranted expansion…
-
Comment Letter Regarding CRA Examination of JPMorgan Chase
Chase has consistently failed to meet community credit needs in low- and moderate-income neighborhoods – and is in fact harming many lower-income people and communities – in New York City. Giving Chase a Satisfactory or better CRA rating would effectively reward the bank for its illegal, discriminatory, and abusive actions and practices. We call on…
-
Comment Letter to the NYS Department of Labor on Proposed Rules Regarding Wage Payment Methods
New Economy Project supports proposed rules that would create strong protections for workers, particularly low- wage workers, who are vulnerable to unfair and abusive fees levied by payroll card companies.
-
Comment Letter to Consumer Financial Protection Bureau, on Proposed Prepaid Card Amendments to Regulation E
New Economy Project urges the Consumer Financial Protection Bureau to strengthen regulation of prepaid cards and close loopholes that permit abusive practices.
-
Testimony before NYC Community Investment Advisory Board on Assessment of Banking Services Needs in NYC
New Economy Project presses NYC Community Investment Advisory Board to collect and make public data on a wide range of banks’ activities, as banks have a very poor track record of serving New York City communities, particularly communities of color.
-
Testimony before NYS Assembly Committees, on keeping predatory lending out of New York
New Economy Project expresses to the NYS Assembly Standing Committee on Banks and Assembly Subcommittee on Banking in Underserved Communities the importance of keeping predatory loans out of New York.
-
Testimony before New York City Council, on Community Land Trusts
On behalf of the New York City Community Land Initiative, New Economy Project urges the City to support the creation and development of community land trusts as a key part of the solution to the affordable housing crisis.