News and updates

Indian Panorama — Restaurant workers and coalition partners, on January 25, rallied in the fight for One Fair Wage, a national effort to bring New York in line with seven other states, that pay tipped workers their state’s general minimum wage, on top of their tips.

The Nation — January 16 was supposed to be the day of reckoning for a notorious predatory-lending industry, when a rule from the Obama administration’s consumer-watchdog agency would finally start to curb a business that’s fleecing the poor.

Pix 11 — “Banks have some special responsibilities toward the broader public. They’re very powerful institutions, and  there’s no reason that Bank of America should be punishing low-income New Yorkers,” said Raúl Carrillo, staff attorney for New Economy Project.

NYC Comptroller, Press Release — New York City Comptroller Scott M. Stringer and a coalition of advocates today condemned Bank of America’s move to target its low-income customers with new, high fees just as the bank is set to reap massive profits from the recently-passed GOP tax plan.

350.org, Press Release — Today, following over five years of persistent campaigning from New Yorkers, New York City Mayor Bill de Blasio announced the City is moving forward with full fossil fuel divestment. The city’s five pension funds, a combined $191 billion, will divest $5 billion in securities from over 100 fossil fuel reserve owners.

Nonprofit Quarterly — A recent report issued by the NYC’s Office of Financial Empowerment, in collaboration with New Economy Project and other groups, examines the causes of neighborhood financial distress and proposes systemic solutions.