Join us on December 15, 2026 for our 30th anniversary celebration! Tickets are limited — purchase yours today.
payday lending
-
STATEMENT: National Coalition of Civil Rights, Community Groups from Payday Loan-Free States Celebrates Enova Withdrawal, Calls on Regulators to Drop Oppfi Bank Bid
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the 21 states that ban payday lending, celebrates the announcement that predatory payday lender Enova International has withdrawn its bid to become a national bank, following strong opposition from coalition members…
-
“Loan Shark” Crashes DailyPay’s New York City Publicity Stunt to Expose True Cost of “Earned Wage Access” Payday Loan Apps
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.
-
COPA Is Back, a “Solidarity Stroll” with the Mamdani Administration, a New Coalition Takes on Big Tech Predators, and More!
In our latest newsletter: COPA is back! Catch up on the Community Opportunity to Purchase Act, our work launching a national coalition to fight Big Tech payday lenders, a “Solidarity Stroll” with Deputy Mayor Julie Su and other members of the Mamdani Administration, and much more.
-
Public News Service: NY, US Consumer Coalition Works to Rein in Payday Lenders
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.
-
Consumer Groups Team up to Battle EWA Lobby
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.
-
Online Payday Lenders Look to Skirt New York Restrictions
Assemblymember Steven Raga, a Queens Democrat, and Katy Lasell, of the New Economy Project, make the case for rewriting New York’s consumer protection laws to regulate the latest evolution of payday lenders that are skirting existing restrictions on loans.
-
Earned Wage Access (EWA) Fee Extraction in New York
Payday lending is illegal in New York. Yet fintech payday lenders have siphoned well over half a billion dollars from New Yorkers’ paychecks since 2019 by exploiting loopholes – and the total is still rising.
-
Memorandum in Opposition to A.10133-A
New Economy Project respectfully submits this memorandum in opposition to A.10133-A. This bill was introduced only recently, and it is our understanding that it is not yet on the radar of many consumer and financial justice advocates or regulators. Given the complexity of the issues involved and the potential consequences for New York’s usury and…
-
American Banker: New York State Introduces Bill Deeming EWA a Loan
The bill was introduced by New York State Senator Samra Brouk (D) and Assemblymember Steven Raga (D), and proposes that any wage or cash advances be considered loans and subject to the state’s 16% interest rate cap. It also would classify any fee paid in connection with the advance, including tips and subscription costs whether…
-
NY Coalition Blasts Wall Street’s Latest Scheme – Underwriting Payday Loans to Low-Wage Workers
NY Coalition Blasts Wall Street’s Latest Scheme: Underwriting Payday Loans to Low-Wage Workers