Resources
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Comment Letter to NACHA, The Electronic Payments Association
New Economy Project and the Virginia Poverty Law Center urge NACHA to combat illegal transactions by internet payday lenders, which use the ACH network to target low income people’s bank accounts.
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Comment Letter to NYS Assembly, on Payroll Cards
New Economy Project submits memo in opposition to weak payroll card bill, and calls on NYS legislature to enact strong worker protections in this arena.
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The Debt Collection Racket in New York
A report exposing how the debt collection industry uses the New York courts as a collection mill, depriving New Yorkers of due process and siphoning hundreds of millions of dollars from communities — especially communities of color — each year.
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The Case for Banning Payday Lending: Snapshots from Four Key States
A report comparing efforts to regulate or ban payday lending in New York, California, Illinois and North Carolina. The four organizations that co-authored the report offer their perspective as financial justice advocates in the thick of payday lending battles in their home states.
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Comment Letter to Federal Housing Finance Agency, on Force-Placed Insurance
New Economy Project and members of New Yorkers for Responsible Lending call on FHFA to ban kickbacks to mortgage servicers and other force-placed insurance abuses.
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Comment Letter to Federal Banking Regulators, on Community Reinvestment Act
New Economy Project and members of New Yorkers for Responsible Lending comment on proposed updates to Community Reinvestment Act regulations.
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Policy Brief to CFPB, on Creating Public Mortgage & Foreclosure Databases
New Economy Project and allies issue policy paper urging the Consumer Financial Protection Bureau to strengthen the Home Mortgage Disclosure Act and expand public disclosure of data on mortgage lending and foreclosures.
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Testimony to NYC Council, on For-Profit Colleges
New Economy Project details how for-profit colleges use low income students to draw down local, state and federal aid dollars, and steps that NYC can take to protect New Yorkers from sham schools.
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Comment Letter Regarding CRA Examination of Wells Fargo
For years, there has been a glaring contradiction – with profound public consequences – between large banks’ predatory and wealth-stripping practices and the CRA ratings they receive from their regulators. After all that the country has endured as a result of reckless banking practices, including Wells Fargo’s, the OCC must no longer let banks off…
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Paying More for the American Dream Series
A multi-year series of reports analyzing racial lending disparities, impact of the Community Reinvestment Act, and other trends in the mortgage market and housing finance system.