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.
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.