March
2024
7
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 […]
December
2022
7
Flushing, NY – More than 50 Queens residents filled the Free Synagogue of Flushing Wednesday evening for a community forum on public banking, sponsored by NYS Assemblymember Ron T. Kim and the Public Bank NYC coalition. At the forum, speakers representing MinKwon Center for Community Action, New Economy Project, and the New York Public Interest Research Group (NYPIRG) […]
April
2021
29
“We applaud Senator Kevin Thomas, Assemblymember Helene E. Weinstein and the entire NYS Legislature for taking bold legislative action to exempt from collection all COVID-19 stimulus relief payments…”
December
2019
10
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.
December
2019
10
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 ciudad y a la vez se invierta en necesidades de los ciudadanos.
September
2019
12
Public Bank NYC announced today that it has received a three-year, $276,000 grant from the Scherman Foundation’s Katharine S. and Axel G. Rosin Fund. The award supports the coalition’s campaign for a municipal public bank in New York City, and represents the first major grant that Public Bank NYC has received for its members since its launch in summer 2018.
September
2019
11
A look inside recent community meetings on public banking in the Bronx, Queens, and Brooklyn.
February
2019
5
The next DFS Superintendent must commit to taking bold action against financial companies that systematically exploit New Yorkers and extract wealth from New York communities. As the state’s chief regulator of the banking, insurance, check cashing, bail bond, and other financial industries, DFS has an obligation to advance racial, gender and economic justice. Given the Trump administration’s gutting of the federal Consumer Financial Protection Bureau and its ongoing attacks on immigrants, people of color and women, the need for a bold and resolute state financial regulator has never been clearer.
July
2018
5
The Nation — New Yorkers are known for speaking their minds, but can they put their money where their mouth is? A new campaign is underway to make one of the richest cities into the world reclaim local wealth and make the banking system work for people who actually live here, by putting people over profits.
May
2017
23
Daily News — Wells Fargo — embroiled in a scandal over the creation of up to 2 million fake accounts — was knocked down to a “needs improvement” rating by federal regulators in March under the Community Reinvestment Act, citing an extensive pattern of discriminatory and illegal lending practices. New York City rules say that in order to be designated to get government deposits, a bank must have at least a “satisfactory” rating.