debt collection

The City — As the coronavirus crisis unfolded in New York, Robert McNamara thought he should take some money out of the bank, just to be safe.

On March 19, the substitute teacher and father of two figured he’d be out of work for a while. Public schools had just closed, possibly for the rest of the spring. Plus, with big swings on the stock market, he wanted a bit of cash on hand.

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.

Law 360 — As the COVID-19 pandemic continues to envelop the country, some consumer advocates are calling for greater protections for consumers until the crisis abates, arguing that the economic crisis is negatively impacting the ability of Americans to not only pay their debts but also fight collection actions in court.