financial justice
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New York Law Journal – Commentary: Give New Yorkers a Consumer Protection Law They Can Actually Use
New York should pass the Consumer and Small business Protection Act as an urgent matter of racial and economic justice, writes Susan Shin, New Economy Project’s Legal Director, and Claudia Wilner, director of litigation and advocacy at the National Center for Law and Economic Justice.
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Our Trailblazer in Law: An Interview with Susan Shin
Our Legal Director Susan Shin has been a force on New Economy Project’s legal advocacy team for over fifteen years – and this week, she was named to City & State’s inaugural Trailblazers in Law list.
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Law.com: NY Lawmakers Eye Bolstering Regulatory Framework for Fintech
Andy Morrison, associate director of the New Economy Project, said there’s an urgent need for New York to advance structural reforms that close loopholes to the state’s usury law that are exploited by fintech and other predatory lenders.
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Testimony Before the NYS Assembly on the “Impact of Financial Technology (Fintech) and its Role in New York’s Banking Industry”
View PDF TESTIMONY OF ANDY MORRISON, ASSOCIATE DIRECTOR ON BEHALF OF NEW ECONOMY PROJECT BEFORE THE NYS ASSEMBLY STANDING COMMITTEES ON BANKS AND SCIENCE AND TECHNOLOGY “IMPACT OF FINANCIAL TECHNOLOGY (FINTECH) AND ITS ROLE IN NEW YORK’S BANKING INDUSTRY” March 7, 2024 Good morning, Chairs Hunter and Otis and members of the committees. Thank you…
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New York Focus: Hochul Sparks Outcry With Proposed Cash Transfer From Legal Aid Fund
The Interest on Lawyer Account provides tens of millions of dollars to fund legal help for New Yorkers who can’t afford it, According to the fund’s director, however, Hochul’s budget proposal would remove about a third of the cash it has available, imperiling its financial health. Legal organizations that benefit from its grants warn they…
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Public News Service: Proposed overdraft-fees rule would benefit NYers
The Consumer Financial Protection Bureau is proposing a rule on overdraft fees that would benefit New Yorkers. The rule closes a loophole exempting overdraft fees from provisions in the Truth in Lending Act.
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Statement from the NYS Community Equity Agenda Coalition on CFPB’s Proposed Overdraft Rule
“We applaud the CFPB for issuing a strong proposed rule to crack down on big banks’ predatory overdraft fees, which have long exploited low-income New Yorkers and extracted massive sums from low-income neighborhoods and communities of color…”
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Law 360: Quinn Emanuel Aids ‘Sewer Service’ Debt Collection Fight
Attorneys from New Economy Project, Quinn Emanuel, and the Legal Aid Society won a unanimous decision from a state appeals court giving Harlem resident Sharae Banks, and potentially thousands like her, a new chance to challenge potentially unscrupulous debt collectors.
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Amsterdam News: Harlem mother’s court victory opens door to challenge unconstitutional debt collection tactic targeting Black and brown New Yorkers
The experience of a Harlem mom has opened the door to helping others who were targeted by an unconstitutional debt collection tactic.
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Advocates Win Far-Reaching Appellate Court Victory Challenging Abusive Debt Collection
Advocates won a unanimous decision in the Appellate Division, First Department, upending over a decade of bad case law that enabled unscrupulous debt collectors to extract massive amounts of wealth from low-income neighborhoods. The decision will rein in widespread debt collection schemes to fraudulently garnish wages and freeze bank accounts in violation of New Yorkers’ constitutional due process…