Resources
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Statement on Governor Cuomo’s “State of the State” Proposal to Expand Access to Safe and Affordable Financial Services
New Economy Project applauds Governor Cuomo’s proposal to provide $25 million in new seed funding over five years for the New York State Community Development Financial Institutions Fund (NYS CDFI Fund). By supporting the state’s robust network of 80+ cooperative and community-controlled credit unions and loan funds, New York will take a critical first step…
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Letter to Mayor Bill de Blasio on Proposal to Add Financial Technology to IDNYC Cards
The undersigned community, labor, immigrant, civil rights, legal services, and economic justice organizations write to express our united and unqualified opposition to the administration’s plan to add financial technology and a host of integrations to NYC’s municipal identification (IDNYC) cards, which are held by more than 1.2 million New Yorkers.
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Comment to CFPB on Proposed Debt Collection Rulemaking
The CFPB’s proposed debt collection rule sanctions and provides safe harbors for abusive and discriminatory debt collection, and would take the country in exactly the wrong direction.
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Debt Collection Cases and Default Judgments
These maps depict the concentration of consumer credit cases and default judgments in NYC’s communities of color, and accompany our blog post No More, Encore (take two).
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Greetings from Paydayfreelandia!
Advocates from States that Ban Predatory Payday Lending Emphatically Oppose CFPB’s Proposal to Gut Federal Rule WASHINGTON, D.C. – Today advocates from states across the country that ban predatory payday lending voiced strong opposition to the Consumer Financial Protection Bureau (CFPB)’s actions to gut federal rules to curb predatory payday lending. On a telephone briefing this…
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Legislative Memo in Support of S.3851/Sanders-A.3636/Niou
This bill would amend the General Business Law so that financial services providers regulated under New York State law would not be permitted to “require a confession of judgment in any contract or agreement for a financial product or service.”
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Maps: Persistent Redlining of New York Neighborhoods of Color
Buffalo Syracuse NYC Rochester New Economy Project has published a new set of maps that show persistent redlining in four cities across the state. The maps show banks’ failure to locate branches in communities of color, in Buffalo and New York City. In Buffalo, for example, there are no bank branches…
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Testimony Before NYC Council Committees Regarding the FY 2020 Community Land Trust Initiative
The proposed citywide CLT initiative will allow groups to build upon exciting progress at a critical moment of opportunity. The initiative will support essential CLT community education and organizing, board and member training, and other start-up costs; build capacity through legal, financial, and technical assistance; and promote coordination among CLTs so they reach a sustainable…
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Letter to CFPB Director Kraninger, Explaining Why We Declined Her Invitation to a New York Meeting
A letter explaining our decision to decline an invitation to meet in New York City. Under normal circumstances, we would certainly meet with the head of an important agency, even if we disagreed with policies the agency was pursuing. But the current situation is anything but normal.
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Sign-on Letter to Temporary President and Majority Leader Andrea Stewart-Cousins:, Re: Request to Include $25 Million for the NYS CDFI Fund in the Final Budget
A diverse group of 65 organizations from throughout New York State request a $25 million appropriation to fund the New York State Community Development Financial Institution Fund (NYS CDFI Fund).