Resources
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Letter to Gov. Cuomo Calling from NYRL Calling for a Strong, Independent Choice to Fill DFS Superintendent Position
[Download PDF] December 18, 2015 The Honorable Andrew M. CuomoGovernor of New York StateNew York State Capitol BuildingExecutive ChamberAlbany, New York 12224 Dear Governor Cuomo: As you know, the appointment of a permanent New York State Superintendent of Financial Services is again in the news. We write to urge you to fill this position with…
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Comment Letter Regarding CRA Examination of JPMorgan Chase
Chase has consistently failed to meet community credit needs in low- and moderate-income neighborhoods – and is in fact harming many lower-income people and communities – in New York City. Giving Chase a Satisfactory or better CRA rating would effectively reward the bank for its illegal, discriminatory, and abusive actions and practices. We call on…
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Sykes v. Mel S. Harris and Associates
In November 2015, New Economy Project and allies reached a groundbreaking $59 million settlement in a class action lawsuit charging a network of debt collectors with civil racketeering (RICO), deceptive practices, and violations of federal debt collection law.
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Comment Letter to the NYS Department of Labor on Proposed Rules Regarding Wage Payment Methods
New Economy Project supports proposed rules that would create strong protections for workers, particularly low- wage workers, who are vulnerable to unfair and abusive fees levied by payroll card companies.
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Support Strong NYS Payroll Card Rules
New York State’s Department of Labor has proposed new payroll card rules that would advance workers’ rights and ensure that workers would not have to pay high fees to draw down their wages. If implemented in their current form, the rules will be the strongest of their kind in the country. Not surprisingly, the financial…
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Comment Letter to Consumer Financial Protection Bureau, on Proposed Prepaid Card Amendments to Regulation E
New Economy Project urges the Consumer Financial Protection Bureau to strengthen regulation of prepaid cards and close loopholes that permit abusive practices.
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Testimony before NYC Community Investment Advisory Board on Assessment of Banking Services Needs in NYC
New Economy Project presses NYC Community Investment Advisory Board to collect and make public data on a wide range of banks’ activities, as banks have a very poor track record of serving New York City communities, particularly communities of color.
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NYC Foreclosure Prevention Gap Loan Program – Impact Report
An impact report on New Economy Project’s NYC Foreclosure Prevention Gap Loan Fund, which preserved more than $20 million in home equity for low income New Yorkers and has been replicated by New York City and State.
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Testimony before NYS Assembly Committees, on keeping predatory lending out of New York
New Economy Project expresses to the NYS Assembly Standing Committee on Banks and Assembly Subcommittee on Banking in Underserved Communities the importance of keeping predatory loans out of New York.
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Testimony before New York City Council, on Community Land Trusts
On behalf of the New York City Community Land Initiative, New Economy Project urges the City to support the creation and development of community land trusts as a key part of the solution to the affordable housing crisis.