City Limits, Op-ed by Sarah Ludwig and Andy Morrison — 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.
The Source — Undocumented immigration has been a hot topic in recent years and the country has been deeply engaged on how to handle the “dreamers” population. “Dreamers” are immigrant children who were brought to the United States illegally by their parents. In 2012, Former United States President Barack Obama announced the creation of an administrative policy temporarily protecting “dreamers” from deportation.
WBAI Morning Show — Our Campaigns Director Andy Morrison joins host Michael G. Haskins to discuss efforts to end predatory lending, strengthen community-based financial cooperatives, and establish public banking in NYC.
New York Times — Financial companies have worked to diminish the Consumer Financial Protection Bureau’s powers since the day the agency was created. Now, they’re on the brink of having one of their top demands granted: an end to the regulator’s public database of complaints about their products and services.
Buffalo News — It’s a persistent problem in Buffalo and other cities: disproportionately fewer bank branches in lower-income neighborhoods, prompting some residents to turn to high-cost alternatives to obtain capital.
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.
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.