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
February
2019
15
NY1 Inside City Hall: Lawsuit Alleges NYC Transit Authority is Seizing Tax Refunds for Old Violations
Inside City Hall — Our Legal Director Susan Shin joins plaintiff David Evans and Katherine Deabler-Meadows from the National Center for Law and Economic Justice to discuss a lawsuit filed against the New York City Transit Authority, alleging the agency is enforcing judgments against riders for decades-old infractions and then seizing their tax refunds without their knowledge.
February
2019
14
Testimony Before the NYC Council Committee on Consumer Affairs and Business Licensing, on Cashless Business Legislation
Testimony in support of Intro. 1281, sponsored by Council Member Ritchie Torres, prohibiting retail establishments from refusing to accept payments in cash.
January
2019
30
Foreclosure Risk in New York State
This issue brief summarizes home foreclosure risk patterns across New York State, and updates our 2012 report, Foreclosures in New York: What’s Really Going On?, and 2014 brief, Foreclosure Risk in New York State.
January
2019
22
Let’s Be Real Episode 7: Organizing For Community Control, a Conversation with Linda Levy
When the last remaining bank branch on the Lower East Side closed its doors in 1986, local activists took matters into their own hands and organized to establish a non-profit financial cooperative, the Lower East Side People’s Federal Credit Union.
December
2018
6
Retirement Un-Readiness: New Report Warns of ‘Downward Mobility’ for NY Near-Retirees
More than two of every five middle class New Yorkers in their 50s are headed for poverty or near-poverty in retirement. Typical workers in the bottom 90 percent of earnings will need almost a third more income in retirement to maintain their standard of living. And fewer workers of color have access to workplace retirement savings option than whites – escalating their potential for experiencing ‘downward mobility.’
November
2018
28
Environmental & Community Groups Call on NYC to Divest from Banks that Fuel Climate Change and Establish a Public Bank
As global leaders assemble for the United Nations-backed 4th Annual Climate Finance Day, New Yorkers, including representatives of environmental, community and student groups, rallied at City Hall and called on NYC to divest public money from banks that fuel climate change and to establish a municipal public bank to help fund the transition to a just, sustainable economy.
November
2018
19
Penalties on the Dollar
This month, the New York Times reported on the lack of enforcement activity at the Securities and Exchange Commission and Justice Department, showing yet another way corporations engaged in various forms of malfeasance get a free pass from the Trump administration.
Same goes for the Consumer Financial Protection Bureau, where enforcement actions have all but screeched to a halt.
November
2018
19
Comments to the Office of the Comptroller of the Currency (OCC) on Proposed Community Reinvestment Act Regulatory Framework
The OCC’s unilateral proposal of a CRA “modernization” framework falls utterly short of improving the CRA, and is clearly intended to advance the destructive deregulatory agenda embraced by Comptroller Otting and others in the administration.
November
2018
9
Major Funding From Groundbreaking Class Action Will Help New Yorkers Defend Against Abusive Debt Collection Lawsuits
A group of class action attorneys announced today that funds remaining from a groundbreaking class action lawsuit they brought against a debt collection ring will be awarded to nonprofit legal clinics across New York State that provide free assistance to New Yorkers sued by debt collectors.
November
2018
9
Crain’s New York Business: Windfall for Local Nonprofit that Aids New Yorkers Sued by Debt Collectors
Crain’s New York Business — Debt collectors in New York hit upon a big idea last decade: They would buy defaulted credit-card or health-care bills, sue debtors without notifying them and then falsely state they had been properly served. Defendants, often poor minorities, didn’t show up in court. Default judgments were routinely entered, leaving collectors free to garnish debtors’ wages.