MarketWatch — “I’m not surprised that the banks aren’t serving this population with student loans because they’re not serving this population with any kinds of loans in most cases,” said Deyanira Del Rio, the co-director of the New Economy Project, an organization advocating for low-income New Yorkers.
Daily News — Last Friday, hours before signing an executive order that put the Dodd-Frank financial reform law on the chopping block, President Trump name-checked Chase CEO Jamie Dimon. “There’s nobody better to tell me about Dodd-Frank than Jamie,” he said.
Translation: there’s no one better than Dimon to help gut Dodd-Frank.
Here at New Economy Project we continue to actively reach out to senior organizations throughout New York City to raise awareness of unjust financial practices that affect low-income immigrant seniors and seniors of color, in particular. Our presentations provide seniors with vital know-your-rights information and tools to fight back, and we encourage them to call our hotline for free legal assistance on a host of financial justice matters.
Capital & Main — Torrance Chambers has been calling Andy Puzder for weeks to talk to him about a problem with his paycheck from the Hardee’s restaurant where he works in Birmingham, Alabama. Ordinarily, Chambers wouldn’t bother the CEO of the fast-food chain’s parent company, CKE, Inc., but he claims his shift leader, store manager and several higher-ups told him no one else could help him.
City Limits — The community land trust movement is gaining momentum across the city, in part buoyed by the de Blasio administration’s announcement last month that it will consider proposals from community land trusts groups to develop public parcels in several boroughs.
Next City — Second-generation NYC resident Rosa Custodio was born at Metropolitan Hospital Center, on First Avenue in East Harlem. Growing up on East 103rd Street, Custodio and her sisters sometimes slept out on the fire escape on hot summer weekends, blankets and pillows and all. They weren’t the only ones.
WNYC — Barack Obama took office on January 20th, 2009, amid the worst recession in decades. Months earlier, stone-faced men and women emerged from Lehman Brothers headquarters in Midtown Manhattan, carrying the remains of their jobs in cardboard boxes. Within a matter of months, Lehman Brothers became the nation’s largest ever corporate bankruptcy, insurer AIG had a near-death-experience, and Bear Stearns and Merrill Lynch had to quickly be sold to avoid insolvency.
The PaydayFreeLandia coalition, representing 15 states , plus the District of Columbia, demanded today that the Office of the Comptroller of the Currency (OCC) back off a dangerous plan that would gut their states’ strong consumer protection laws.
Yet another scandal may soon rock Wells Fargo. According to informed sources, the Office of the Comptroller of the Currency (OCC) — the federal agency that oversees Wells Fargo and the other large, national banks — is set to downgrade Wells Fargo’s Community Reinvestment Act (CRA) rating sometime this month.
Check out this two-page snapshot highlighting some of New Economy Project’s work, events, and media coverage during 2016!