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New Yorkers Win Unprecedented $59M Settlement Against Debt Collection Network

New Economy Project and co-counsel have settled a groundbreaking class action lawsuit, filed on behalf of low-income New Yorkers defrauded by a major debt collection network. The settlement is expected to benefit more than 353,000 New Yorkers, providing monetary relief and the unprecedented vacating of almost 200,000 court judgments.

Coming on the heels of major policy changes that New Economy Project and allies have won in New York State, the settlement helps bring an end to discriminatory and abusive debt collection that has harmed low-income New Yorkers of color, in particular. We congratulate all the plaintiffs, many of whom initially sought legal assistance through our NYC Financial Justice Hotline, and send a huge shout out to our co-counsel at MFY Legal Services and Emery Celli Brinckerhoff & Abady LLC.

Rea V. on NY1

New Economy Project client and lead plaintiff Rea V. speaks out on NY1's Inside City Hall. Watch segment here. ​

NYC’s Employment Credit Checks Ban Takes Effect

New York has become a more equitable city for job seekers. Thanks to a hard-fought campaign by New Economy Project and allies, NYC has enacted the strongest employment credit checks ban in the country. Employers in NYC are now barred from discriminating against job applicants or employees on the basis of credit history – a practice that unfairly blocks lower income New Yorkers and people of color from equal job opportunity. New Economy Project led the coalition that won this landmark labor and civil rights law, and we look forward to working with the City to ensure strong enforcement. 

New Economy Project joins Councilmember Lander and NYC Commission on Human Rights in Brooklyn.

New Economy Project, NYC Human Rights Commission, Council Member Brad Lander spread the word about NYC's new law.​

New Economy Loan Fund Invests in Worker Co-ops

Did you know that New Economy Project supports worker cooperatives and other community-led economic development? Through our New Economy Loan Fund, we were pleased to make a recent loan to Sunrise, a collective of auto repair workers displaced from Willets Point, Queens. Our loan supports Sunrise as it moves to a new shared location in the South Bronx, where the co-op will launch a first-of-its-kind, one-stop shop for auto parts and repairs.

A Fond Farewell

Josh Zinner

Please join us in bidding a fond farewell to Josh Zinner, co-director since 2008, as he moves on this month to become CEO of Interfaith Center for Corporate Responsibility. New Economy's board and staff thank Josh for his zeal, good humor and tremendous contributions to the field. We will miss Josh, but have no doubt that he will continue to make his mark and effectively advocate for economic justice in his new role. We wish him all the best!

Popular Education Tools Give Boost to Community Land Trust Organizing

Hot off the presses! New Economy Project and allies in the NYC Community Land Initiative have created powerful new pop-ed tools that support CLT organizing - including a board game, "Trustville," and "Fighting to Save Our Communities," a comic-style poster. Contact us to request copies, and read more about how NYC groups are using these materials. Big thanks to Hester Street Collaborative and to artist Emilio Martinez for their incredible work to bring these materials to life!

Attendees enjoy Trustville at 2015 CLT Conference

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In the News

Recent Op-Eds

The Guardian, “Credit scores in America perpetuate racial injustice. Here’s how.” – by Sarah Ludwig

NY Daily News, “Lessons from the RushCard Fiasco: New York needs stronger protections on prepaid cards.” – by Deyanira Del Rio

Media Highlights

The Nation"How Debt Collectors Ruin Lives"

The New York Times, “Victims of Debt Collection Scheme in New York Win $59 Million in Settlement”

Rochester Democrat & Chronicle, "Debt collector scam resolution: Refunds coming"

NY1 Inside City Hall, "Councilman, Expert Discuss Legislation to Ban Employment Credit Checks"

Spread the Word - We're Hiring!

New Economy Project is looking for a dynamic Staff Attorney to contribute to our economic justice campaigns and legal advocacy. The Staff Attorney will work on a combination of direct legal services, policy advocacy, and coalition-building initiatives. This is a new position at the organization.

Join the Movement.

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