News & Events

New York, NY – Yesterday, a broad coalition of community, labor, cooperative, environmental and economic justice groups convened a virtual town hall highlighting public banking as an essential strategy for ensuring a just COVID-19 recovery. The timely event, entitled “From Crisis to Recovery: NY’s Fight for Public Banking,” engaged more than 1,000 New Yorkers  and featured presentations by NYC-based movement leaders and guest Kali Akuno of Cooperation Jackson.

The City — As the coronavirus crisis unfolded in New York, Robert McNamara thought he should take some money out of the bank, just to be safe.

On March 19, the substitute teacher and father of two figured he’d be out of work for a while. Public schools had just closed, possibly for the rest of the spring. Plus, with big swings on the stock market, he wanted a bit of cash on hand.

Law 360 — As the COVID-19 pandemic continues to envelop the country, some consumer advocates are calling for greater protections for consumers until the crisis abates, arguing that the economic crisis is negatively impacting the ability of Americans to not only pay their debts but also fight collection actions in court.

At Citigroup’s “2020 Annual Stockholders’ Meeting” today, New Economy Project will confront Citi executives about the bank’s undisclosed funding of corporate lobbying by the U.S. Chamber of Commerce and other industry associations. The group will challenge Citi for supporting destructive lobbying agendas that further jeopardize public health during the COVID-19 crisis and that fuel climate change – directly contradicting Citi’s public statements in these areas and harming frontline communities, in particular.

Stockholder Proposal #7 Presented at Citigroup’s 2020 Annual Stockholder’s Virtual Meeting New Economy Project and co-filers (School Sisters of Notre Dame Cooperative Investment Fund; LGPS Central Limited; and Greater Manchester Pension Fund) have submitted the following proposal for consideration at the 2020 Annual Meeting: Whereas, full disclosure of Citigroup’s direct and indirect lobbying activities and […]

“We applaud Attorney General James for issuing strong guidance making clear that emergency stimulus payments authorized by the CARES Act are exempt from garnishment under New York law. Her commitment to aggressively prosecute any creditor or debt collector that garnishes New Yorkers’ stimulus payments is an example of the kind of leadership we need from our elected officials during the COVID-19 pandemic.