debt collection
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New York Law Journal: Win for Consumers: Second Circuit Reverses Debt Collection Suit
New York Law Jounrnal — Attorneys for the plaintiffs in a debt collection suit lauded a decision Monday by the U.S. Court of Appeals for the Second Circuit, calling it a major victory for low-income people facing aggressive and potentially illegal collection practices.
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Disparities in Economic Security for New Yorkers of Color 50 and Older
New Economy Project undertook this report, at the request of AARP, to examine barriers to economic security faced by 50+ New Yorkers of color, including immigrants. The analysis focuses on economic justice disparities statewide and in New York City, with attention also given to Long Island and Buffalo.
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Prage v. Kavulich & Associates
In April 2016, New Economy Project filed a federal lawsuit against the debt collection law firm Kavulich and Associates on behalf of Romain Prage, a low-income New Yorker. The lawsuit alleges that Kavulich violated federal debt collection and state consumer protection laws, and explicitly subverted New York’s Exempt Income Protection Act. Mr. Prage is seeking…
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Does This Sound Like Justice?
You’ve just been robbed. Worse yet, you know who did it. It was the last few dollars to your name and you don’t get paid for another month. Three weeks pass, and an envelope containing the stolen money appears on your doorstep. You go to court to demand justice, but the judge rules that no…
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MarketWatch: Student Loan Borrowers Share Tales of Woe With Regulators
MarketWatch — “It’s a pleasure to be here, finally,” are not the words you might expect to hear from someone preparing to share their story of student debt woe to a room full of strangers. But that’s exactly how John Carter, a 77-year-old New York City resident, began before recounting the years of hassle he…
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New York Post: Paying Off Debt is Stressing Out New Yorkers
New York Post — “I have personally spoken to thousands and thousands of New York City residents alone who are dealing with debt collection problems,” said Susan Shin, legal director at the New Economy Project, an advocacy group in New York that operates a hotline for troubled debtors.
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New Economy Project Testifies at Federal Field Hearing that Debt Buyers Illegally Extract Billions of Dollars from Communities of Color
Debt collectors engage in rampant fraud and systematically use the courts to extract billions of dollars from low-income people and people of color, according to hard-hitting testimony delivered today by Susan Shin, New Economy Project’s legal director. Shin traveled to Sacramento, California to share our expertise from years of working with thousands of low-income New…
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Testimony before the Consumer Financial Protection Bureau, on abusive debt collection
New Economy Project’s legal director, Susan Shin, testified before the Consumer Financial Protection Bureau on how debt collectors routinely engage in rampant fraud and systematically use the courts to extract billions of dollars from low-income people and people of color.
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New York Times: Debt Collectors’ Abuses Prompt Consumer Agency to Propose New Rules
New York Times — For the first time in nearly 40 years, federal regulators are preparing to significantly strengthen the rules that govern debt collection in an effort to clamp down on collectors who hound consumers for debts they may not even owe.
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Human Rights Watch: Rubber Stamp Justice
A new report from Human Rights Watch cites New Economy Project’s research in an examination of the pernicious effects of the debt buyer industry, which exploits the nation’s courts to drain millions of dollars from low-income neighborhoods and communities of color.