The Senate and Assembly banking committees have both approved a bill to permit check-cashing outlets to provide short-term loans. Backers say it offers financing to those whom regular banks don't serve. Critics say it would permit exploitative “payday” lending.
First-generation New Yorkers are more likely to reside in rent-regulated housing than the rest of us. So as Albany weighs weakening or strengthening rent rules, some immigrants are raising their voices.
Advocates for the homeless have long criticized the Bloomberg administration's approach to getting people out of shelters. But with the state threatening to end funding for the program, most advocates have joined the city to oppose the cuts.