In February 2019, New Economy Project filed a federal class action lawsuit charging the NYC Transit Authority, an arm of the Metropolitan Transportation Authority (MTA), with systemic due process violations. The civil rights lawsuit challenges the Transit Authority’s seizures of people’s state tax refunds to collect on default judgments—some going back 20 years or more—without […]
January
2020
14
Next City — One evening last September, at Brooklyn Cooperative Federal Credit Union’s main branch in Bed-Stuy, the credit union staff hosted a town hall to walk members through the credit union’s balance sheet — deposits, loans, other investments, capital reserves. CEO Samira Rajan emphasized the credit union’s key ratios, like its net worth ratio — capital reserves to total assets.
January
2020
4
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 […]
December
2019
10
El diario — El martes se celebró una ceremonia para premiar a los “peores bancos” de Nueva York. No fue una fiesta sino el escenario en el que una docena de grupos comunitarios volvieron a insistir en la necesidad de que se cree un banco municipal en el que se deposite el dinero de la ciudad y a la vez se invierta en necesidades de los ciudadanos.
October
2019
2
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.
September
2019
12
The City — Pushback against adding a banking chip to new IDNYC cards intensified Thursday, with a demand from immigration, civil liberties and consumer groups to scrap the effort and introduction of a City Council bill to block it.
September
2019
10
NYC Comptroller — Today, New York City Comptroller Scott M. Stringer proposed a comprehensive roadmap to tackle the next frontier in decarceration: a maze of onerous mandatory surcharges and service fees, which represents an all-but-hidden secondary form of punishment for those involved in the justice system, inhibits re-entry for formerly incarcerated individuals, foments recidivism, and burdens families for years beyond a formal prison term.
August
2019
27
Seems New Economy Project has struck a nerve. This year, Encore Capital, the country’s largest publicly-traded debt-buying company, blocked us from speaking at its annual shareholder meeting – even though our organization is a full-fledged shareholder in the company.
These maps depict the concentration of consumer credit cases and default judgments in NYC’s communities of color, and accompany our blog post No More, Encore (take two).
August
2019
14
In this episode of Let’s Be Real, we speak with Dominga Payano, a tenant organizer with Northwest Bronx Community and Clergy Coalition. Dominga represented the organization in the statewide Housing Justice for All Campaign. In an interview recorded just weeks before the campaign won a landmark victory—with the Legislature’s enactment of some of the strongest tenant laws in New York history—Dominga reflects on how she got involved in tenant organizing, her vision for housing justice in the Bronx, and what’s to come.
August
2019
12
Over the past two months, leaders and organizers from more than 20 NYC community groups came together to learn about pressing economic justice issues and strategies for change. Our five workshops explored topics ranging from the history of redlining in New York to envisioning an economy free from sexism and patriarchy. Feel like you missed out? Read on for a recap of our 2019 New Economy Workshop Series!