Know Your Rights — Credit Reports and Credit Scores
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Resources
Community Development Credit Unions
Community development credit unions (CDCUs) are nonprofit, community-based financial cooperatives. They offer affordable savings and checking accounts; personal, business and home loans; free financial counseling and more. As a CDCU member, you have a voice and a vote — members elect the board of directors, as well as credit and supervisory committees.
September
2020
3
Comment Letter Opposing Trump Administration’s Proposed “True Lender” Rule
New Economy Project writes to register its vehement opposition to the Office of the Comptroller of the Currency’s proposed “true lender” rule. In one fell swoop, the proposal would effectively obliterate New York’s longstanding usury laws and legalize, for the first time in our state’s history, predatory payday lending. The proposed rule is consistent with the Trump administration’s broader efforts to dismantle critical protections and benefit corporate interests–in this instance, facilitating the systematic extraction of wealth from people and communities.
Robinson v. New York City Transit Authority et al.
UPDATE: On October 31, 2023, the Court granted final approval of a settlement requiring the NYC Transit Authority to provide access to crucial information so that New Yorkers facing alleged transit debt can meaningfully assert their rights. Read the basic terms of the final settlement here, and read the press release here. In February […]
June
2020
4
Statement: #BlackLivesMatter
New Economy Project condemns the murders of George Floyd, Breonna Taylor, Tony McDade, and Ahmaud Arbery, and the continued loss of Black life at the hands of the state. We mourn their deaths, and stand with all who are demanding justice and taking to the streets to protest anti-Black racism and police brutality. Police violence […]
May
2020
28
Sign-On Letter Urging NYS to Keep Proceeds from the Stock Transfer Tax to Help Maintain Funding for State Services
Protecting New York’s essential workers will be vital to the state’s recovery, yet they are disproportionately burdened by the impact of the pandemic. At a time when the risk is not being shared equally, why should those currently bearing the biggest load of keeping society together take the biggest budgetary hit? Instead of placing the burden of New York State’s economic recovery on the backs of working New Yorkers, it is only reasonable to ask those who benefit from Wall Street speculation to pay their fair share.
May
2020
26
Testimony Before the New York City Council Committee on Finance, on Funding for the Citywide Community Land Trust (CLT) Initiative
New Economy Project and 14 partner organizations are part of a citywide Community Land Trust (CLT) Initiative that seeks $1.5 million in FY2021 City Council discretionary funding. More than ever, NYC needs CLTs to provide stable and permanently-affordable housing, combat displacement, and ensure a just recovery for all New Yorkers. We urge the Council to renew funding for the CLT Initiative in NYC’s FY2021 budget.
April
2020
29
Testimony Before the NYC Council’s Committee on Consumer Affairs and Business Licensing, on Council Intro. 1912
New Economy Project strongly supports Int. 1912 and we urge the Committee to bring the bill before the full body of the NYC Council, for the swiftest possible passage into law. We commend Speaker Johnson and other sponsors of this emergency legislation for their strong leadership. New Economy Project, along with thousands of New Yorkers and more than 60 groups statewide, has been pressing Governor Cuomo to institute an emergency statewide moratorium on predatory debt collection during the COVID-19 crisis.
Ruane v. Bank of America, N.A. et al.
In June 2017, New Economy Project filed a federal lawsuit against Bank of America, N.A., and ChexSystems, a consumer reporting agency, on behalf of Adiaha Ruane, a low-income, African-American New Yorker.
April
2020
8
Comment Letter to the OCC and FDIC on Proposed Community Reinvestment Act Rulemaking
New Economy Project strongly opposes the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC)’s proposed changes to the Community Reinvestment Act (CRA) regulations. The agencies’ proposed CRA regulations would effectively dismantle CRA to advance a destructive deregulatory agenda – made even worse by your agencies’ failure to extend the comment deadline during this period of unprecedented crisis.