Systematic wealth extraction from communities of color hasn’t stopped for the public health crisis caused by COVID-19—and it won’t stop unless we transform our economy.
In the best of times, predatory debt collection is a scourge that siphons wealth from New Yorkers, destabilizes neighborhoods and perpetuates racial and economic inequality. Amid the COVID-19 pandemic, allowing debt collectors to continue to hound New Yorkers and take their money is jeopardizing people’s lives.
New Economy Project and NYC Community Land Initiative recently wrapped up a dynamic, two-year community land trust (CLT) learning exchange for NYC groups. In November, we took our learning on the road, visiting mission-aligned CLTs in the Greater Boston CLT Network – the first in a series of planned visits.
A look inside recent community meetings on public banking in the Bronx, Queens, and Brooklyn.
Seems New Economy Project has struck a nerve. This year, Encore Capital, the country’s largest publicly-traded debt-buying company, blocked us from speaking at its annual shareholder meeting – even though our organization is a full-fledged shareholder in the company.
Over the past two months, leaders and organizers from more than 20 NYC community groups came together to learn about pressing economic justice issues and strategies for change. Our five workshops explored topics ranging from the history of redlining in New York to envisioning an economy free from sexism and patriarchy. Feel like you missed out? Read on for a recap of our 2019 New Economy Workshop Series!
Although public banking is an unfamiliar concept to many here in the United States – there’s only one notable example, the Bank of North Dakota – public banks are common throughout the world.
New Economy Project recently sat down with Pablo DeFilippi and Rene Vargas Martinez from Inclusiv to learn about their work supporting financial cooperatives (or “cooperativas”) in Puerto Rico. While mainstream banks have been widely criticized for abandoning the Island or profiting off disaster, the cooperativas have been central to Puerto Rico’s resilience and recovery. The […]
More than a decade after the financial meltdown, how secure are New Yorkers from the threat of foreclosure? Our recent issue brief seeks to answer this question, based on our analysis of pre-foreclosure notices that mortgage servicers are required to send homeowners at least 90 days before filing a foreclosure action in New York State courts.
This month, the New York Times reported on the lack of enforcement activity at the Securities and Exchange Commission and Justice Department, showing yet another way corporations engaged in various forms of malfeasance get a free pass from the Trump administration.
Same goes for the Consumer Financial Protection Bureau, where enforcement actions have all but screeched to a halt.