Resources

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.

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January

2020

4

Statement on Governor Cuomo’s “State of the State” Proposal to Expand Access to Safe and Affordable Financial Services

New Economy Project applauds Governor Cuomo’s proposal to provide $25 million in new seed funding over five years for the New York State Community Development Financial Institutions Fund (NYS CDFI Fund). By supporting the state’s robust network of 80+ cooperative and community-controlled credit unions and loan funds, New York will take a critical first step […]

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October

2019

2

Letter to Mayor Bill de Blasio on Proposal to Add Financial Technology to IDNYC Cards

The undersigned community, labor, immigrant, civil rights, legal services, and economic justice organizations write to express our united and unqualified opposition to the administration’s plan to add financial technology and a host of integrations to NYC’s municipal identification (IDNYC) cards, which are held by more than 1.2 million New Yorkers.

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June

2019

25

Greetings from Paydayfreelandia!

Advocates from States that Ban Predatory Payday Lending Emphatically Oppose CFPB’s Proposal to Gut Federal Rule WASHINGTON, D.C. – Today advocates from states across the country that ban predatory payday lending voiced strong opposition to the Consumer Financial Protection Bureau (CFPB)’s actions to gut federal rules to curb predatory payday lending.  On a telephone briefing this […]

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June

2019

5

Legislative Memo in Support of S.3851/Sanders-A.3636/Niou

This bill would amend the General Business Law so that financial services providers regulated under New York State law would not be permitted to “require a confession of judgment in any contract or agreement for a financial product or service.”

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April

2019

30

Maps: Persistent Redlining of New York Neighborhoods of Color

  Buffalo   Syracuse   NYC   Rochester New Economy Project has published a new set of maps that show persistent redlining in four cities across the state. The maps show banks’ failure to locate branches in communities of color, in Buffalo and New York City. In Buffalo, for example, there are no bank branches […]

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