Norwood News — Several proposals are under way to provide banking services, such as ATMs, paycheck cashing, bill payment, electronic money transfers and small-dollar loans, at Bronx post offices in hopes of making residents less reliant on alternative financial services.
Crain’s New York Business — Esther Roman, a 60-year-old grandmother in Brooklyn, was alarmed when she noticed in January that her $300 weekly paycheck was $27.99 short. She called her employer, a home health care agency, which said her wages were being garnished after someone sued her, claiming she’d failed to pay an old credit-card bill.
Our Staff Attorney Eve Weissman appears on the Season the Bitch podcast to break down some of the systemic forces contributing to our culture of debt and enumerate your options and rights when dealing with debt collectors. Listen below or here.
The Nation — New Yorkers are known for speaking their minds, but can they put their money where their mouth is? A new campaign is underway to make one of the richest cities into the world reclaim local wealth and make the banking system work for people who actually live here, by putting people over profits.
Mott Haven Herald — Activists from citywide community organizations gathered in front of the New York Stock Exchange on June 6 to press the city to divest from Wall Street banks and instead create an alternative banking system that would allow communities to control their investments.
The Laura Flanders Show — Our Co-Director Deyanira Del Rio joins other members of the PublicBankNYC coalition to discuss the momentum for a public bank in NYC and the public launch of the campaign.
The Progressive — The other day in front of the New York Stock Exchange, a diverse group of demonstrators held colorful signs and chanted, “Hey, hey! Ho, ho! Wall Street banks have got to go!” The rally on June 5 was reminiscent of the Occupy Movement seven years ago—a microcosm of organized, strategic social and political demonstrations across states.
Next City — Winsome Pindergrass wants a better chance at securing financing to buy a home. At a June 5 rally in front of the New York Stock Exchange, the 59-year-old Brooklyn resident talked about how three-quarters of her monthly income goes to her $2,200-a-month rent, which has nearly doubled since 2010. She’s watched her neighbors get pushed out by rising rents.
Mic — Could the city best known as the home of Wall Street divest from major corporate banks and start its own public bank? That’s the vision that a new network of activist groups hope see in the near future.
El Diario — La ciudad de Nueva York deposita miles de millones de dólares en la banca de Wall Street y “esos banqueros ganan millones con esos depósitos y las comisiones mientras dan pocos beneficios a la ciudad, sus pequeños negocios y residentes”, explicaba el martes Stephen Edel, de New York Working Families.