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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.

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.

A lot has been written about the shortcomings of New York’s recently-passed state budget. The upshot: New York’s electeds missed the clear opportunity to take decisive action against Trumpism and to protect communities under attack. A glaring example of this failure of leadership is the decision, yet again, not to fund a widely-supported program that invests in low-income communities and communities of color: the state’s Community Development Financial Institutions (CDFI) Fund.

Last week, New Economy Project traveled to Texas to attend JPMorgan Chase’s annual shareholder meeting and call the bank out for its shameful track record in New York City. After passing through a series of security checkpoints, we found seats with a clear view of the dais, on which sat Jamie Dimon, the bank’s C.E.O., who lorded over the proceedings.

NYC DREAMer Loan Fund recipients Luz, Lidia, Itzel, Dulce, Keisha, and Alex. Hear their stories. New Economy Project is outraged by Trump’s termination of Deferred Action for Childhood Arrivals (DACA), a program that since 2012 has provided protection from deportation, work permits, and other opportunities to more than 40,000 New Yorkers and 800,000 people around the […]