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WNYC: In New York, Loans to Help Young Immigrants Apply for Deferred Action
WYNC News — A year after the federal government’s Deferred Action program took effect, 22,000 young immigrants illegally in New York have obtained work permits. But that’s only about one-fourth of the people who are eligible, according to the Migration Policy Institute, a think-tank based in Washington, D.C.
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Times Union: Cuomo Cracks Down on Payday Lenders
Times Union — Gov. Andrew Cuomo and his financial services Superintendent Ben Lawsky are announcing a crackdown this morning on on-line payday lenders who charge annual interest rates as high as 1,095 percent.
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Times Union: State Targets ‘Payday Lenders’
Times Union — Gov. Andrew Cuomo and financial services Superintendent Ben Lawsky are cracking down on Internet-based “payday lenders” who charge annual interest rates as high as 1,095 percent.
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NY Times: Beauty School Students Left with Broken Promises and Large Debt
New York Times — The debt collectors call so often that Amarilis Madera knows them by name. For years, they have threatened to take her possessions and drain her bank account. In February, her $5,000 tax refund was seized.
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NY Times: Awaiting Foreclosure Relief
New York Times — Legislation in New York awaiting the governor’s signature would prevent lenders’ lawyers from leaving homeowners facing foreclosure in a state of legal suspense.
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New Yorkers Win Major Settlement in Groundbreaking Federal Lawsuit Against JPMorgan Chase
Millions of people who bank with JPMorgan Chase stand to benefit from a groundbreaking settlement just reached between Chase and two low income New Yorkers. Subrina Baptiste and Ivy Brodsky sued Chase in federal court last fall, after the bank refused their repeated requests to stop making payments from their accounts to internet payday lenders,…
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NY Times: U.S. Vows to Battle Abusive Debt Collectors
New York Times — Federal regulators are cracking down on questionable debt collection practices by some of the nation’s biggest lenders.
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NY Daily News: Community Groups Urge Gov. Cuomo to Quickly Sign a Bill That Would Spare New Yorkers from Foreclosure
New York Daily News — Dear Gov. Cuomo: Please sign this bill so that more New Yorkers won’t lose their homes in foreclosure.
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Telemundo: Tarjeta para Cobrar
Telemundo — New Economy Project’s Deyanira Del Rio speaks to Telemundo about the growing use of payroll cards.
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NY Times: Paid via Card, Workers Feel Sting of Fees
New York Times — A growing number of American workers are confronting a frustrating predicament on payday: to get their wages, they must first pay a fee.
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NY1: Advocacy Group Details Explosion In Debt Collection Lawsuits
NY1 — The Road to City Hall’s Errol Louis spoke with Sarah Ludwig, the founder and co-director of New Economy Project, formerly known as NEDAP, about her new report “The Debt Collection Racket in New York.”
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Bloomberg Businessweek: How Debt Collectors Ruin Credit Reports With ‘Sewer Service’
Bloomberg Businessweek — Creditors filed “upwards of 200,000” debt collection lawsuits in New York State in 2011, according to a report this week from the New Economy Project, a community advocacy group that has sued debt collectors in the past.