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We can’t build a just economy when our current system allows corporations to exploit working people and extract wealth from communities of color, with impunity.
The Stop Taking Our Pay Coalition, a broad based alliance of civil rights organizations, community groups, community development credit unions, and faith leaders from the 21 states that ban payday lending, celebrates the announcement that predatory payday lender Enova International has withdrawn its bid to become a national bank, following strong opposition from coalition members…
DailyPay’s “DailyPay Diner” publicity stunt got an unexpected visitor Thursday when a costumed “loan shark” crashed the event, carrying a sign advertising “TODAY’S MENU: WORKERS’ WAGES” and confronting the company with damning allegations about its abusive tactics.
Consumer rights groups in New York and across the country are organizing against payday lenders and paycheck advance apps they said are evading state lending laws.
The House Financial Services Committee passed earned wage access legislation in a largely party-line vote, as well as a number of other bills in a multiday markup session ahead of the July 4 recess.
On Wednesday, 29 credit unions from across New York State delivered a letter to Governor Kathy Hochul, Senate Majority Leader Andrea Stewart-Cousins, Assembly Speaker Carl Heastie, State Senate Judiciary Committee Chair Luis R. Sepúlveda and State Assembly Banks Chair Clyde Vanel, urging lawmakers to crack down on predatory payday loan apps by passing the Stop…
She introduced herself as Eve, but Ben knew right away that the voice on the other end of the line was a bot. Eve knew his name. She also knew how much money he’d owed a former landlord ($266). She didn’t seem to know that he’d settled with a collection agency five months prior. Eve…
Mayor Zohran Mamdani will halt the city’s controversial tax lien sale and potentially scrap it altogether over concerns that the process exposes homeowners to “predatory debt collectors” and foreclosure, City Hall said Tuesday.