financial justice

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.

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.’

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.

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.

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.