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News and updates

  • Small Loans, Big Impact

    In 2008, at the peak of the foreclosure crisis, New Economy Project launched a foreclosure prevention loan fund that over the next five years helped almost 400 low-income New Yorkers avert foreclosure and keep their homes.

  • Video: New York, We Got a (Housing) Problem

    Posted by Monica Garcia — Have you heard the growing buzz around Community Land Trusts (CLTs)? Across the country, and right here in NYC, groups are coming together to promote CLTs as a way to create truly affordable housing, fight gentrification and give people a voice in how their neighborhoods are shaped.

  • New York Times: Group Urges New York City to End Credit Checks by Employers

    New York Times — New York City employers use credit checks to screen applicants for all sorts of jobs, like dog-walking and janitorial work. A coalition of municipal labor leaders, liberal advocates and left-leaning City Council members is seeking to end that practice, saying it disproportionately harms blacks and Hispanics without accurately predicting fraud or…

  • 2014 Media Round-Up

    A snapshot of New Economy Project’s media coverage in 2014.

  • Have We Learned Nothing?

    Posted by Josh Zinner — Events in Congress last week provide a painful reminder that the Too Big To Fail banks and their allies in Congress are completely unbowed by the events leading up the global financial crisis. Now more powerful than ever, the big banks will stop at nothing to gut even modest reform.

  • NYC, Repeat After Me: “Community Land Trusts”

    Posted by Claudia Wilner — On November 17, affordable housing advocates and developers, community groups, and unions gathered at City Hall for a hearing on the Mayor’s plan to create or preserve 200,000 units of affordable housing over the next 10 years. New Economy Project testified at the hearing on behalf of NYC Community Land…

  • NYS Department of Financial Services: New Regulation of Debt Collection Practices

    NYS Department of Financial Services, Press Release — Governor Andrew M. Cuomo today announced new, nation-leading reforms that will protect consumers against abusive and deceptive debt collection practices.

  • Epoch Times: NY Bank Offers Throw Financial Lifeline to the Needy

    Epoch Times — New York is considering a novel solution to alleviate the lending needs of credit-strapped low-income consumers called “borrow and save,” a type of loan designed to simultaneously extend credit lines to the needy and help them rejoin the financial mainstream.

  • Steal This Poster

    Hot off the presses!  We’re excited to share with you a new economic justice resource:  Change It Up: How Banks Shape Communities and the Economy….and What You Can Do About It. New Economy Project teamed up with the Center for Urban Pedagogy and graphic designer Manuel Miranda to produce this fold-out poster, which tells the…

  • Main Street: More than Half of Americans Who Overdraft Have The Same Ailment

    Main Street — Some 50% of Americans who fall into overdraft do so, because they don’t know their account balance, according to a recent survey from GoBankingRates. That lack of knowledge is extra dangerous when it comes to the overdraft policies of banks, and consumer advocates are fighting back to end these misleading overdraft bank…

  • Allow Us to Reintroduce Ourselves….

    Welcome to New Economy Project’s new website and blog! We are beyond thrilled to have our new website up and running – replacing our original site built for us way back in (cough cough) 2001. Now that we have a site as fresh and dynamic as our new name, mission and campaigns, we hope you’ll…

  • WSHU: Banks Agree To Block Payday Lenders

    WSHU — Four additional banks have agreed to block online payday lenders from accessing customer accounts in New York. The agreement comes as the banks’ processing network remains silent on efforts to keep the illegal loans from crossing state borders.