Resources

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.

In December 2017, New Economy Project and co-counsel filed a state class action lawsuit against the debt collection law firm Houslanger & Associates and its debt buyer clients Virgo Capital and Aquarius Capital, as well as debt buyers Gotham Collection Services and HK Recovery Group, on behalf of Gladys Bostic, Cimeron DuBose, Gerald Dycha, and […]

In November 2017, with co-counsel, New Economy Project filed a federal class action lawsuit against the debt collection law firm Houslanger & Associates, as well as its debt buyer clients Virgo Capital and Aquarius Capital, on behalf of Ramel Sanders and Antero Sarreal, both low-income New Yorkers. The lawsuit alleges that Houslanger and its debt […]

Groups from across New York City urged Comptroller Stringer to immediately and permanently divest New York City’s pension funds from payday lending companies – whose loans are categorically illegal in New York. City pension funds invested more than $20 million in payday lending and high-cost installment lending companies in 2016. Additionally, City pension funds invested nearly $160 million in Lone Star Fund VIII, a private equity fund that owns DFC Global, Inc.,i which, in turn, owns several payday lenders, including Money Mart and The Check Cashing Store.

In our testimony, we outline important changes to Intro. 1269 that are needed before it moves forward. We also are pleased to highlight the rapidly-expanding landscape of community land trusts in our city and additional policy recommendations by our alliance. We understand that Intro 1269 is a first step toward strong local policymaking to advance CLTs, and we look forward to continued dialogue with the Council.