The OCC’s unilateral proposal of a CRA “modernization” framework falls utterly short of improving the CRA, and is clearly intended to advance the destructive deregulatory agenda embraced by Comptroller Otting and others in the administration.
I’m pleased to present testimony on behalf of Public Bank NYC, a broad-based coalition New Economy project co-founded and coordinates. Public Bank NYC is made up of community, civil rights, environmental, and economic justice groups fighting for the creation of a municipal public bank – chartered to serve the public interest, accountable to New Yorkers, and rooted in principles of racial and economic justice.
TESTIMONY OF ANDY MORRISON, CAMPAIGNS DIRECTOR NEW ECONOMY PROJECT Subminimum Wage Hearing June 27, 2018 Thank you to Commissioner Reardon and the NYS Department of Labor for the opportunity to participate in today’s important hearing and to share our comments about Governor Cuomo’s proposal to examine raising the base wage paid to tipped workers to […]
On May 15, New Economy Project traveled to JPMorgan Chase’s shareholder meeting in Plano, Texas to direct questions to CEO Jamie Dimon and call on the bank to end its destructive and extractive practices, which have served to perpetuate poverty, segregation, and inequality. Below are the full comments delivered by Juleon Robinson and Andy Morrison.
In December 2016, New Economy Project filed a federal lawsuit against Bank of America, N.A., on behalf of George Campbell, a low-income, African-American New Yorker. The lawsuit alleges that Bank of America violated federal and state consumer protection laws by failing to properly investigate fraudulent, unauthorized activity on Mr. Campbell’s bank account. Mr. Campbell sought monetary and injunctive relief.
Click here to watch our Co-Director Sarah Ludwig and Staff Attorney Raúl Carrillo discuss this case on NY1’s Inside City Hall.
A diverse group of 59 organizations from throughout New York State request a $25 million appropriation to fund the New York State Community Development Financial Institution Fund (NYS CDFI Fund).
Nearly 500 national, state, and local organizations urge Secretary Mnuchin to strengthen the federal Community Reinvestment Act in an effort to increase access to safe and sound lending, investments, and banking services in low-income communities and communities of color.
Groups demand that the New York State Common Retirement Fund divest from both The Blackstone Group and TPG Capital, two large private equity managers exploiting the crisis in Puerto Rico and profiting from human suffering.
A diverse group of organizations calls on the New York Federal Reserve Presidential Search Committee to conduct an open and transparent search process, and focus on identifying an individual with a proven track record of leadership, effectiveness in engaging with ordinary Americans, a strong understanding of the broader economy, and a firm commitment to the Federal Reserve’s mandate of fostering maximum employment and price stability.