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Amsterdam News: AM Mitaynes makes another push to pass TOPA housing law
The Tenant Opportunity to Purchase Act (TOPA) is a solution to maintaining affordable housing stock amid a housing crisis throughout the state, advocates say. The act gives tenants the chance to make an offer on a building before a landlord sells to an outside party.
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Tenants, Community Groups, and Electeds Launch Campaign to Pass the Tenant Opportunity to Purchase Act With Rally in Brooklyn
As soaring housing costs continue to push New Yorkers out of their neighborhoods and the state, members of the Housing Justice for All and New York City Community Land Initiative coalitions rallied with elected officials, tenants and other advocates on Thursday to demand passage of the Tenant Opportunity to Purchase Act (TOPA) in this year’s…
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News12: Local leaders launch campaign to pass Tenant Opportunity to Purchase Act
Community groups and elected officials are kicking off a campaign to pass the Tenant Opportunity to Purchase Act, or TOPA.
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Public Bank NYC Coalition Renews Calls For Public Bank As City Council Member Keith Powers Reintroduces The People’s Bank Act
The People’s Bank Act, a package of bills that would lay the foundation for a public bank in New York City, was officially reintroduced today for the 2024-2025 New York City Council legislative session.
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New York Focus: Hochul Sparks Outcry With Proposed Cash Transfer From Legal Aid Fund
The Interest on Lawyer Account provides tens of millions of dollars to fund legal help for New Yorkers who can’t afford it, According to the fund’s director, however, Hochul’s budget proposal would remove about a third of the cash it has available, imperiling its financial health. Legal organizations that benefit from its grants warn they…
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News12: New Economy Project report uncovering disparities in banking prompts calls for public bank in New York City
A recent report by the New Economy Project has shed light on major disparities in banking practices within New York City, revealing that big banks holding public money have been investing unfairly, particularly leaving neighborhoods of color behind. The nonprofit, along with state and local coalitions, have been actively educating the public on the benefits…
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Public News Service: Proposed overdraft-fees rule would benefit NYers
The Consumer Financial Protection Bureau is proposing a rule on overdraft fees that would benefit New Yorkers. The rule closes a loophole exempting overdraft fees from provisions in the Truth in Lending Act.
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Statement from the NYS Community Equity Agenda Coalition on CFPB’s Proposed Overdraft Rule
“We applaud the CFPB for issuing a strong proposed rule to crack down on big banks’ predatory overdraft fees, which have long exploited low-income New Yorkers and extracted massive sums from low-income neighborhoods and communities of color…”
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Law 360: Quinn Emanuel Aids ‘Sewer Service’ Debt Collection Fight
Attorneys from New Economy Project, Quinn Emanuel, and the Legal Aid Society won a unanimous decision from a state appeals court giving Harlem resident Sharae Banks, and potentially thousands like her, a new chance to challenge potentially unscrupulous debt collectors.
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Public News Service: Report – Lenders don’t serve NYC Black, Brown communities equitably
An analysis of big banks in New York City contended they are perpetuating lending disparities—and called on the city and state to authorize the creation of a public bank.
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The Capitol Pressroom: Untapped potential of employee-run businesses
What is a worker ownership center and why do we need one? On this podcast, Andy Morrison, associate director at New Economy Project, and Tori Kuper, a board member of Cooperation Buffalo, discuss the immense value of worker-owned businesses and the steps New York State can take to foster their growth.
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Amsterdam News: Harlem mother’s court victory opens door to challenge unconstitutional debt collection tactic targeting Black and brown New Yorkers
The experience of a Harlem mom has opened the door to helping others who were targeted by an unconstitutional debt collection tactic.
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