El Diario — ¿Los cobradores de deudas te están acosando? ¿Has sido demandado por un cobrador de deudas? ¿Un cobrador ha embargado tu cuenta bancaria? En caso de que así sea, no eres el único. Cada año los cobradores de deudas persiguen a decenas de miles de neoyorquinos, enfocando sus esfuerzos en inmigrantes y neoyorquinos de color y bajos ingresos.
A group of class action attorneys announced today that funds remaining from a groundbreaking class action lawsuit they brought against a debt collection ring will be awarded to nonprofit legal clinics across New York State that provide free assistance to New Yorkers sued by debt collectors.
Crain’s New York Business — Debt collectors in New York hit upon a big idea last decade: They would buy defaulted credit-card or health-care bills, sue debtors without notifying them and then falsely state they had been properly served. Defendants, often poor minorities, didn’t show up in court. Default judgments were routinely entered, leaving collectors free to garnish debtors’ wages.
Inside City Hall — New Economy Project’s Campaigns Director Andy Morrison imagines what would happen if “the enthusiasm that were seeing from the Governor and the Mayor toward Amazon was directed at real, community-based development and community-led initiatives that are proven – whether it’s Community Land Trusts, worker co-ops, or other things – to build wealth from the roots.”
Next System Project Podcast — This week on the Next System Podcast David Jette from Public Bank LA and Juleon Robinson from the New Economy Project, a member of Public Bank NYC, a broad-based coalition of community, worker rights, economic justice, and environmental groups to sit down to discuss the transformative potential of public banks.
On August 3, 2018, nearly two dozen people from NYC community organizing and cooperative development organizations packed into our conference room for an engaging lunch discussion with Álvaro Porro, Social Economy Commissioner for the City of Barcelona. Barcelona’s story presents a powerful model for New York City, and we were eager for this extended opportunity to hear about his work.
One day, Kenneth Lovell went to a local electronics store to buy a transistor radio. He left the store more than $17,000 in debt, with three bank credit cards issued in his name. How did this happen? Listen to Kenneth and his brother Patrick Lovell tell their story.
How did Brooklyn resident Kenneth Lovell, a retired janitor living on a fixed-income and with no credit history, find himself thousands of dollars in debt? It’s a refrain we’ve heard before on our NYC Financial Justice Hotline: Wall Street banks working in cahoots with retail stores, doctors’ offices, and others to exploit low-income New Yorkers. […]
This spring, New Economy Project attended Encore Capital’s annual shareholder meeting at the Hyatt Hotel in midtown Manhattan. Three members of our legal team, Eve Weissman, Susan Shin, and Nick Loh, went to the shareholder meeting to call out ways that Encore, among the country’s largest debt buying companies, harms New Yorkers.
New Economy Project was pleased to participate in New Economy Coalition’s CommonBound Conference, held this June in St. Louis, Missouri. CommonBound is a bi-annual gathering that brings together leaders from more than 200 groups across the US and Canada, working to build an economy grounded in shared values of democracy, justice, and ecological sustainability.