Resources
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Comment Letter Opposing Trump Administration’s Proposed “True Lender” Rule
New Economy Project writes to register its vehement opposition to the Office of the Comptroller of the Currency’s proposed “true lender” rule. In one fell swoop, the proposal would effectively obliterate New York’s longstanding usury laws and legalize, for the first time in our state’s history, predatory payday lending. The proposed rule is consistent with…
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Robinson v. New York City Transit Authority et al.
UPDATE: On October 31, 2023, the Court granted final approval of a settlement requiring the NYC Transit Authority to provide access to crucial information so that New Yorkers facing alleged transit debt can meaningfully assert their rights. Read the basic terms of the final settlement here, and read the press release here. In February…
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Statement: #BlackLivesMatter
New Economy Project condemns the murders of George Floyd, Breonna Taylor, Tony McDade, and Ahmaud Arbery, and the continued loss of Black life at the hands of the state. We mourn their deaths, and stand with all who are demanding justice and taking to the streets to protest anti-Black racism and police brutality. Police violence…
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Sign-On Letter Urging NYS to Keep Proceeds from the Stock Transfer Tax to Help Maintain Funding for State Services
Protecting New York’s essential workers will be vital to the state’s recovery, yet they are disproportionately burdened by the impact of the pandemic. At a time when the risk is not being shared equally, why should those currently bearing the biggest load of keeping society together take the biggest budgetary hit? Instead of placing the…
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Testimony Before the New York City Council Committee on Finance, on Funding for the Citywide Community Land Trust (CLT) Initiative
New Economy Project and 14 partner organizations are part of a citywide Community Land Trust (CLT) Initiative that seeks $1.5 million in FY2021 City Council discretionary funding. More than ever, NYC needs CLTs to provide stable and permanently-affordable housing, combat displacement, and ensure a just recovery for all New Yorkers. We urge the Council to…
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Testimony Before the NYC Council’s Committee on Consumer Affairs and Business Licensing, on Council Intro. 1912
New Economy Project strongly supports Int. 1912 and we urge the Committee to bring the bill before the full body of the NYC Council, for the swiftest possible passage into law. We commend Speaker Johnson and other sponsors of this emergency legislation for their strong leadership. New Economy Project, along with thousands of New Yorkers…
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Ruane v. Bank of America, N.A. et al.
In June 2017, New Economy Project filed a federal lawsuit against Bank of America, N.A., and ChexSystems, a consumer reporting agency, on behalf of Adiaha Ruane, a low-income, African-American New Yorker.
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Comment Letter to the OCC and FDIC on Proposed Community Reinvestment Act Rulemaking
New Economy Project strongly opposes the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC)’s proposed changes to the Community Reinvestment Act (CRA) regulations. The agencies’ proposed CRA regulations would effectively dismantle CRA to advance a destructive deregulatory agenda – made even worse by your agencies’ failure to extend the…
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Letter to Governor Cuomo and Chief Judge Janet DiFiore on Suspending Debt Collection During Coronavirus Pandemic
We, the undersigned 63 civil rights, racial and economic justice, labor, and community groups, call on New York to institute an immediate moratorium on debt collection in our state, as part of a broader set of emergency measures needed to protect public health and safety and financial security, during this unprecedented crisis.
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Testimony Before the U.S. House Committee on Financial Services Task Force on Financial Technology
My testimony today is informed by more than two decades of work with low-income New Yorkers and community groups to challenge systemic discrimination by Wall Street banks and other financial corporations, and to support responsible, cooperative, and community development finance.