Ruane v. Bank of America, N.A. et al.
Click here to watch our Co-Director Sarah Ludwig and Staff Attorney Raúl Carrillo discuss this case on NY1’s Inside City Hall.
financial justice
August
2018
7
Who Approved That?
One day, Kenneth Lovell went to a local electronics store to buy a transistor radio. He left the store more than $17,000 in debt, with three bank credit cards issued in his name. How did this happen? Listen to Kenneth and his brother Patrick Lovell tell their story.
August
2018
7
Let’s Be Real Special Feature: Kenneth Lovell
How did Brooklyn resident Kenneth Lovell, a retired janitor living on a fixed-income and with no credit history, find himself thousands of dollars in debt? It’s a refrain we’ve heard before on our NYC Financial Justice Hotline: Wall Street banks working in cahoots with retail stores, doctors’ offices, and others to exploit low-income New Yorkers. […]
August
2018
6
No More, Encore
This spring, New Economy Project attended Encore Capital’s annual shareholder meeting at the Hyatt Hotel in midtown Manhattan. Three members of our legal team, Eve Weissman, Susan Shin, and Nick Loh, went to the shareholder meeting to call out ways that Encore, among the country’s largest debt buying companies, harms New Yorkers.
August
2018
2
Norwood News: Campaign Champions Bronx Postal Banking System
Norwood News — Several proposals are under way to provide banking services, such as ATMs, paycheck cashing, bill payment, electronic money transfers and small-dollar loans, at Bronx post offices in hopes of making residents less reliant on alternative financial services.
July
2018
23
Crain’s New York Business: Debt-Collection Lawsuits Are Roaring Back, Along With An Old Ruse That Victimizes Borrowers
Crain’s New York Business — Esther Roman, a 60-year-old grandmother in Brooklyn, was alarmed when she noticed in January that her $300 weekly paycheck was $27.99 short. She called her employer, a home health care agency, which said her wages were being garnished after someone sued her, claiming she’d failed to pay an old credit-card bill.
May
2018
24
Albany Drops the Ball on Community Development
A lot has been written about the shortcomings of New York’s recently-passed state budget. The upshot: New York’s electeds missed the clear opportunity to take decisive action against Trumpism and to protect communities under attack. A glaring example of this failure of leadership is the decision, yet again, not to fund a widely-supported program that invests in low-income communities and communities of color: the state’s Community Development Financial Institutions (CDFI) Fund.
May
2018
8
Let’s Be Real Episode 6: We’re Fed Up!
This episode, we take a look at a campaign that focuses on the Federal Reserve System and its impact on working people and people of color. We take you to a rally in front of the Federal Reserve Bank of New York where we spoke with two protesters about how the Fed impacts their communities. Then, we sit down with the Director of the Center for Popular Democracy’s Fed Up! Campaign to hear about the fight to put working people and communities of color at the center of the Fed’s decision-making process.
May
2018
1
WBAI Morning Show
WBAI Morning Show — Our Campaigns Director Andy Morrison joins host Michael G. Haskins to discuss efforts to end predatory lending, strengthen community-based financial cooperatives, and establish public banking in NYC.
April
2018
13
KICK-OFF: One Fair Wage NY Campaign for Better Wages, Better Tips
Today, tipped wage workers, advocates, and labor leaders held a kick-off event with and elected officials to call for One Fair Wage in New York. The One Fair Wage (OFW) campaign is fighting for better wages, better tips and represents a next step in the Fight For 15 to cover tipped workers left behind, as part of the ongoing movement forward. Seven states already pay tipped workers a basic minimum wage in addition to their tips: New York could be next.
March
2018
28
Statement re: Selection of New Federal Reserve Bank of NY President
We are dismayed that the New York Fed appears poised to appoint a new president through a reportedly closed process, without meaningful consideration of public input. Given the vital role of the New York Fed president and all that is at stake with this appointment, New Economy Project calls on the Fed to pursue an open, transparent process for selecting its next president, even if this means going back to square one.