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Inside City Hall — New Economy Project’s Sarah Ludwig and Raúl Carillo discuss banks’ alleged disparate treatment of low-income New Yorkers when investigating account fraud.
City Limits — Banks in New York are denying more housing loans in neighborhoods where people of color dominate, and are turning down black applicants who seek mortgages and refinancing at a higher rate than similar white applicants, an advocacy group reported this week.
These days it seems taken for granted that banks discriminate against people and neighborhoods of color – they’re banks, right? We can thank the Center for Investigative Reporting for reminding the world that this is not okay.
Colorlines — A new report says that thousands of people across 26 states are arrested and jailed each year due to outstanding debts such as unpaid medical bills and car loans. The practice violates due process rights and was abolished by the federal government in 1883.
Last night, Representatives Gregory Meeks (D-NY-5) and Tom Suozzi (D-NY-3) broke with the rest of the state’s Democrats and joined New York’s Republican members of the U.S. House of Representatives in voting to pass a bill, H.R. 3299, that would allow lenders to launder loans through banks to override limits in New York and other states on high-cost loans, potentially paving the way for loans of up to 300 percent APR in states where those rates are prohibited.
A Broad-Based Coalition Urges NYS to Appropriate $25 Million to Community Development Financial Institutions in Face of Trump’s Proposal to Zero Out Federal Funding.
The Laura Flanders Show — On this week’s Laura Flanders Show, our Co-Director Sarah Ludwig discusses the community-based work being done to counter the Trump administration and create lasting, transformational change.
Indian Panorama — Restaurant workers and coalition partners, on January 25, rallied in the fight for One Fair Wage, a national effort to bring New York in line with seven other states, that pay tipped workers their state’s general minimum wage, on top of their tips.
The Nation — January 16 was supposed to be the day of reckoning for a notorious predatory-lending industry, when a rule from the Obama administration’s consumer-watchdog agency would finally start to curb a business that’s fleecing the poor.