banking Archives - City Limits

24

Apr 2025

Opinion: With Consumer Financial Protection Bureau in Limbo, New Yorkers Need a New Financial Partner

“The absence of federal oversight doesn’t mean the city is powerless; rather, it should be a turning point. With the cost of living continuing to rise, New York needs a…

ByKyle Markland 0Comments

01

Jun 2023

Economy Government Housing and Homelessness Politics

In a First, the Public Got to Weigh in on NYC’s Banking Decisions

At a a recent hearing, members of the NYC Banking Commission heard from advocates who described redlining, predatory and discriminatory lending practices, and substantial investments in the fossil fuel industry…

ByDoug Turetsky 0Comments

27

Sep 2022

Education Government

Should New York High Schools Be Required to Teach Financial Literacy?

A bill that would require high school students across the state to take a personal finance course has been introduced a number of times in the Albany legislature dating back…

ByJeanmarie Evelly 4Comments

25

Jun 2020

Economy Housing and Homelessness

Will New York Launch a Public Bank?

The state legislature is considering a bill, introduced in January, which would authorize local municipalities to lend money to public banks and authorize public ownership of stock in them.

BySadef Ali Kully 4Comments

01

Apr 2020

Opinion

Opinion: NYC Should Expand Credit Unions for Future Pandemics

‘New Yorkers should move towards expanding credit unions, as a tool for welfare and social relief, because they are a far better alternative to large banks, for poor and working…

ByBilal Zenab Ahmed 1Comment

28

Mar 2019

Opinion

Opinion: NY Can Reduce Redlining’s Residue by Backing Credit Unions

‘New York needs bold solutions like the NYS CDFI Fund to address deeply entrenched inequities in our financial system and economy at large. The governor and legislature must act now.’

ByYuh-Line Niou

ByMaureen Genna 0Comments

16

Aug 2017

Housing and Homelessness News

Public Advocate: You’re A Bad Bank if You Fund the Worst Landlords

It’s not the first time the city has tried to hold financial backers responsible for poor conditions and the loss of affordable housing, but advocates are encouraged by at least…

ByAbigail Savitch-Lew 1Comment

13

Jan 2017

Uncategorized

CityViews: Check-Cashing Industry Takes Issue With our Reporting on the Un-Banked

Above, a check-cashing outlet in Red Hook. The article "Why are so Many New Yorkers Still Under-Banked" (01/06/17) should have been titled "How to Disseminate Misinformation about an Entire Industry…

ByAndrew Siegel 1Comment

06

Jan 2017

Economy In Depth Investigations

Why are so Many New Yorkers Still Under-Banked?

It’s been 22 years since the state mandated low-cost accounts at traditional banks. But check-cashing outfits and pawnshops are still a major presence in many neighborhoods.

ByToni Kamins 2Comments

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