Daily News, Op-Ed — In the best of times, predatory debt collection is a scourge that siphons wealth from New Yorkers, destabilizes neighborhoods and perpetuates racial and economic inequality. Amid the COVID-19 pandemic, allowing debt collectors to continue to hound New Yorkers and take their money is jeopardizing people’s lives.
Daily News — At a time when millions of freshly jobless people are practicing emergency economic triage, debt collectors continue to chase judgments and seek to freeze bank accounts of those they say are in default. This is madness.
Today, a coalition of nine groups delivered a petition, signed by more than 2,700 New Yorkers, to Governor Andrew M. Cuomo and Chief Judge Janet DiFiore, calling for an immediate moratorium on debt collection during the Covid-19 crisis, as a matter of public health and safety.
The next four episodes of Let’s Be Real focus on the NYS Community Equity Agenda, a statewide coalition that is calling for economic development that is community-led and grounded in community wealth-building and racial and economic justice. Each episode zooms in on an Equity Agenda priority, from promoting community-controlled financial institutions to ending wealth extraction throughout New York.
Our team has been working remotely since the COVID-19 outbreak began in New York – feeling fortunate that we have that option. We are keeping our NYC Financial Justice Hotline open, and have received alarming calls from many New Yorkers who are being hounded by debt collectors, despite the crisis.
The City — New Yorkers facing down private debts in court will see some relief after advocates pushed Gov. Andrew Cuomo to put all collections on pause amid the coronavirus crisis.
The City — Gov. Andrew Cuomo has paused the collection of medical and student debt owed to New York State, ordered evictions halted and put a 90-day stay on mortgage payments and foreclosures for owners facing financial hardship.
Daily News — Families and businesses in southeast Queens are being shunned by the banking system, possibly in violation of federal law. And that makes Rep. Gregory Meeks furious.
New Economy Project and NYC Community Land Initiative recently wrapped up a dynamic, two-year community land trust (CLT) learning exchange for NYC groups. In November, we took our learning on the road, visiting mission-aligned CLTs in the Greater Boston CLT Network – the first in a series of planned visits.
How will the state help address “public deserts”? Deyanira Del Río, Co-Director of the New Economy Project, and Andy Morrison, Campaigns Director for the New Economy Project, discussed the push for public banks.