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News and updates

  • Nonprofit Quarterly: The Pressure on NY’s Designated Banks: Get Our Money Out of Climate-Hostile Businesses!

    Nonprofit Quarterly — It’s time to walk the talk on climate change. That’s the message activists communicated this week when they rallied outside New York City Hall on the fourth UN-backed Annual Climate Finance Day to demand that New York divest from its designated banks, which invest heavily in the fossil fuel industry, and create…

  • Gothamist: As De Blasio Touts Climate Change Divestment, NYC’s ‘Designated Banks’ Continue To Invest In Fossil Fuels

    Gothamist — In September, months after declaring the city’s intention to divest its pension fund from fossil fuels and “sue Big Oil,” Mayor Bill de Blasio published an op-ed in the Guardian touting New York City’s effort to tackle climate change through sustainable financial policies. Alongside London Mayor Sadiq Khan, he announced the launch of a new global initiative,…

  • City Limits: NYC Needs Equitable Economic Development, Not The Amazon Deal

    City Limits, Op-ed by Deyanira Del Rio and Andy Morrison — Unless you’ve been stuck under a rock – or perhaps on the 7 train – you’ve heard the news: the winner of the Amazon HQ2 sweepstakes is…Amazon. Two hundred and thirty-eight cities competed. Twenty finalists raced to the finish line. Two – New York…

  • 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…

  • Penalties on the Dollar

    This month, the New York Times reported on the lack of enforcement activity at the Securities and Exchange Commission and Justice Department, showing yet another way corporations engaged in various forms of malfeasance get a free pass from the Trump administration. Same goes for the Consumer Financial Protection Bureau, where enforcement actions have all but…

  • El Diario: Cobro Abusivo de Deudas, ¡Conoce tus derechos!

    El Diario — ¿Los cobradores de deudas te están acosando? ¿Has sido demandado por un cobrador de deudas? ¿Un cobrador  ha embargado tu cuenta bancaria? En caso de que así sea, no eres el único. Cada año los cobradores de deudas persiguen a decenas de miles de neoyorquinos, enfocando sus esfuerzos en inmigrantes y neoyorquinos…

  • 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.

  • Crain’s New York Business: Windfall for Local Nonprofit that Aids New Yorkers Sued by Debt Collectors

    Crain’s New York Business — Debt collectors in New York hit upon a big idea last decade: They would buy defaulted credit-card or health-care bills, sue debtors without notifying them and then falsely state they had been properly served. Defendants, often poor minorities, didn’t show up in court. Default judgments were routinely entered, leaving collectors…

  • NY1 Inside City Hall: As Amazon Prepares for New York, is New York Prepared for Amazon?

    Inside City Hall — New Economy Project’s Campaigns Director Andy Morrison imagines what would happen if “the enthusiasm that were seeing from the Governor and the Mayor toward Amazon was directed at real, community-based development and community-led initiatives that are proven – whether it’s Community Land Trusts, worker co-ops, or other things – to build…

  • Next System Project Podcast: The Campaign for Public Banks, From Coast to Coast

    Next System Project Podcast — This week on the Next System Podcast David Jette from Public Bank LA and Juleon Robinson from the New Economy Project, a member of Public Bank NYC, a broad-based coalition of community, worker rights, economic justice, and environmental groups to sit down to discuss the transformative potential of public banks.

  • Barcelona’s Commissioner for Cooperative Economics visits New Economy Project

    On August 3, 2018, nearly two dozen people from NYC community organizing and cooperative development organizations packed into our conference room for an engaging lunch discussion with Álvaro Porro, Social Economy Commissioner for the City of Barcelona. Barcelona’s story presents a powerful model for New York City, and we were eager for this extended opportunity…

  • Who Approved That?

    One day, Kenneth Lovell went to a local electronics store to buy a transistor radio. He left the store more than $17,000 in debt, with three bank credit cards issued in his name. How did this happen? Listen to Kenneth and his brother Patrick Lovell tell their story.