Crain’s New York Business — Debt collectors in New York hit upon a big idea last decade: They would buy defaulted credit-card or health-care bills, sue debtors without notifying them and then falsely state they had been properly served. Defendants, often poor minorities, didn’t show up in court. Default judgments were routinely entered, leaving collectors free to garnish debtors’ wages.
Inside City Hall — New Economy Project’s Campaigns Director Andy Morrison imagines what would happen if “the enthusiasm that were seeing from the Governor and the Mayor toward Amazon was directed at real, community-based development and community-led initiatives that are proven – whether it’s Community Land Trusts, worker co-ops, or other things – to build wealth from the roots.”
Next System Project Podcast — This week on the Next System Podcast David Jette from Public Bank LA and Juleon Robinson from the New Economy Project, a member of Public Bank NYC, a broad-based coalition of community, worker rights, economic justice, and environmental groups to sit down to discuss the transformative potential of public banks.
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.