February
2019
11
Testimony regarding the Mayoral administration’s dangerous proposed plan to partner with a financial technology or other financial services company to embed an EMV/contact and RFID/contactless chip in the next generation of IDNYC cards, to allow for broad integration with private and public services and systems.
November
2018
19
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.
September
2018
27
I’m pleased to present testimony on behalf of Public Bank NYC, a broad-based coalition New Economy project co-founded and coordinates. Public Bank NYC is made up of community, civil rights, environmental, and economic justice groups fighting for the creation of a municipal public bank – chartered to serve the public interest, accountable to New Yorkers, and rooted in principles of racial and economic justice.
June
2018
27
TESTIMONY OF ANDY MORRISON, CAMPAIGNS DIRECTOR NEW ECONOMY PROJECT Subminimum Wage Hearing June 27, 2018 Thank you to Commissioner Reardon and the NYS Department of Labor for the opportunity to participate in today’s important hearing and to share our comments about Governor Cuomo’s proposal to examine raising the base wage paid to tipped workers to […]
May
2018
15
On May 15, New Economy Project traveled to JPMorgan Chase’s shareholder meeting in Plano, Texas to direct questions to CEO Jamie Dimon and call on the bank to end its destructive and extractive practices, which have served to perpetuate poverty, segregation, and inequality. Below are the full comments delivered by Juleon Robinson and Andy Morrison.
February
2018
9
A diverse group of 59 organizations from throughout New York State request a $25 million appropriation to fund the New York State Community Development Financial Institution Fund (NYS CDFI Fund).
February
2018
5
Nearly 500 national, state, and local organizations urge Secretary Mnuchin to strengthen the federal Community Reinvestment Act in an effort to increase access to safe and sound lending, investments, and banking services in low-income communities and communities of color.
January
2018
22
Groups demand that the New York State Common Retirement Fund divest from both The Blackstone Group and TPG Capital, two large private equity managers exploiting the crisis in Puerto Rico and profiting from human suffering.
January
2018
11
A diverse group of organizations calls on the New York Federal Reserve Presidential Search Committee to conduct an open and transparent search process, and focus on identifying an individual with a proven track record of leadership, effectiveness in engaging with ordinary Americans, a strong understanding of the broader economy, and a firm commitment to the Federal Reserve’s mandate of fostering maximum employment and price stability.
October
2017
20
Groups from across New York City urged Comptroller Stringer to immediately and permanently divest New York City’s pension funds from payday lending companies – whose loans are categorically illegal in New York. City pension funds invested more than $20 million in payday lending and high-cost installment lending companies in 2016. Additionally, City pension funds invested nearly $160 million in Lone Star Fund VIII, a private equity fund that owns DFC Global, Inc.,i which, in turn, owns several payday lenders, including Money Mart and The Check Cashing Store.