March
2023
14
Gothamist — A run on New York-based Signature Bank put tens of millions of taxpayer dollars at risk, fueling calls for more scrutiny of banks the city uses to hold the public’s cash.
March
2023
3
Today, elected officials, including City Comptroller Brand Lander, Manhattan Borough President Mark Levine, and members of the City Council, joined the Public Bank NYC coalition for a spirited press conference calling on the state to enact legislation opening the way for public banking in New York City.
March
2023
2
New York Amsterdam News — Passionate Black and brown housing advocates from across New York City rallied at City Hall last Thursday to demand the passage of “social housing” bills that would address the city’s housing crisis.
March
2023
2
Noema — Gregory Jost noticed the first two bank branches close in the Bronx about six months before the pandemic. They were right next to each other: a Chase and a Bank of America, about three blocks from his son’s school in Norwood, and one day, he walked by and saw they were gone.
March
2023
1
Gotham Gazette Opinion — Here’s something that might surprise you: Almost all of the $100 billion in revenue New York City will collect this year to pay for schools, buses, and other public services will be deposited in three big banks – JPMorgan Chase, Bank of America, and Citi. That’s because New York State requires local governments to put our public funds in banks, essentially handing Wall Street a lucrative monopoly that it has lobbied to uphold for more than a century.
February
2023
27
Over the past two decades, debt buyers—companies that buy old debts for pennies on the dollar—have filed millions of debt collection lawsuits and obtained millions of default judgments, against low-income New Yorkers, mostly those in predominantly Black and brown neighborhoods.
February
2023
24
AM New York — Progressive City Council members have renewed their push for legislation aimed at reducing housing speculation by giving nonprofits and community land trusts priority on purchasing housing that come up for sale.
February
2023
23
Ahead of City Council oversight hearing, legislation sponsors, NYC Community Land Initiative, Housing Justice For All, and non-profit affordable housing developers made the case for transformative social housing bills
February
2023
15
New York’s 2023 legislative session is underway, and New Economy Project is working with groups statewide to advance a bold policy agenda that builds wealth and power in Black, brown, and immigrant communities.
February
2023
10
American Banker — New York City will now require banks that want to hold city deposits to provide detailed plans about what they’re doing to root out discrimination in their lending and employment practices.