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redlining
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Coalition of 40+ Community & Labor Groups Releases 5-Point Platform for a Community-Led Recovery, Racial and Economic Justice in NY
CDFIs community equity agenda community land trusts financial justice public banking racial justice redliningThis afternoon the NYS Community Equity Agenda, a coalition of more than 40 community, labor, and civil rights groups, cooperative organizations, and community development financial institutions from across New York, released its policy priorities for 2022.
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Daily News: Southeast Queens, Hungry for Opportunity: The Predominantly Black Middle-Class Swath of the City Can’t Get Banking Services
Daily News — Families and businesses in southeast Queens are being shunned by the banking system, possibly in violation of federal law. And that makes Rep. Gregory Meeks furious.
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Testimony Before the U.S. House Committee on Financial Services Task Force on Financial Technology
My testimony today is informed by more than two decades of work with low-income New Yorkers and community groups to challenge systemic discrimination by Wall Street banks and other financial corporations, and to support responsible, cooperative, and community development finance.
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Daily News: Six ‘Worst Banks of 2019’ get awards in shaming ceremony at City Hall
New York Daily News — New Yorkers can bank on these companies to do the wrong thing, advocates say. The six “Worst Banks of 2019” got awards for bad behavior during an inaugural shaming ceremony held Tuesday by a coalition pushing for the creation of a New York City public bank.
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El Diario: Seis “Bancos Malos” Para Abogar Por uno Municipal
El diario — El martes se celebró una ceremonia para premiar a los “peores bancos” de Nueva York. No fue una fiesta sino el escenario en el que una docena de grupos comunitarios volvieron a insistir en la necesidad de que se cree un banco municipal en el que se deposite el dinero de la…
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City Limits: NY Can Reduce Redlining’s Residue by Backing Credit Unions
City Limits, Op-ed by Yuh-Line Niou and Maureen Genna — A Bloomberg report this month showed that the largest banks in the U.S., led by JPMorgan Chase, are closing branches rapidly in poor neighborhoods, even as they open new ones in affluent communities. In other news: water is wet.
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Testimony Before the NYC Council Committee on Consumer Affairs and Business Licensing, on Cashless Business Legislation
Testimony in support of Intro. 1281, sponsored by Council Member Ritchie Torres, prohibiting retail establishments from refusing to accept payments in cash.
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Daily News: Immigration Groups Say They Won’t Recommend IDNYC to Clients if Financial Smart Chip Plan Moves Forward
Daily News — Advocacy groups will no longer recommend that undocumented immigrants get a municipal I.D. card if the city goes forward with plans to add a financial services smart-chip to them, several said Monday.
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Foreclosure Risk in New York State
This issue brief summarizes home foreclosure risk patterns across New York State, and updates our 2012 report, Foreclosures in New York: What’s Really Going On?, and 2014 brief, Foreclosure Risk in New York State.
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Comments to the Office of the Comptroller of the Currency (OCC) on Proposed Community Reinvestment Act Regulatory Framework
The OCC’s unilateral proposal of a CRA “modernization” framework falls utterly short of improving the CRA, and is clearly intended to advance the destructive deregulatory agenda embraced by Comptroller Otting and others in the administration.