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.
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.
On the morning of April 23rd, I hopped on a bus headed to Albany to join more than 100 groups demanding that Governor Cuomo Walk The Talk and take meaningful action on climate change.
Staff attorney Raúl Carrillo delivered our message at a rally organized by Fed Up: The National Campaign for a Strong Economy to demand the appointment of an accountable president of the Federal Reserve Bank of New York.
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.
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 […]
Thomas J. Curry has only one week left as Comptroller of the Currency. But America’s chief regulator of national banks isn’t acting like it. Despite intense opposition from community advocates and conservatives alike, Curry, an Obama appointee, is doubling down on an ill-advised plan that would allow online lenders and other so-called fintech firms to rip people off.
Car insurance is unaffordable to 5.2 million New Yorkers, according to a report just issued by the U.S. Treasury’s Federal Insurance Office (FIO). But car insurance is not only expensive for New Yorkers – its pricing is also fundamentally discriminatory. That’s because New York allows car insurance companies to consider factors like a person’s education and occupation in determining coverage – even though these factors bear no relation to a person’s actual driving record or to public safety more broadly.