Many former prisoners are broke until state settlements arrive. Tiding them over has become a niche market for finance firms. An investment can reap 33 percent interest. Source: New York Times
Posts published in “Credit and Debt”
A Legal Challenge to Rules Against Legal Advice from Nonlawyers
By Gotham Rex on January 26, 2022
A nonprofit wants to train volunteers to help consumers defend themselves in debt collection cases. Source: New York Times
N.Y. Taxi Drivers Will Receive Millions in Aid After Hunger Strike
By Gotham Rex on November 3, 2021
The announcement was a victory for drivers who stopped eating to protest an earlier bailout plan they said did not go far enough. Source: New York Times
The Resilience of New York’s Black Homeowners
By Gotham Rex on August 17, 2021
Black homeownership has declined in the city and nationally in the last 20 years, hindered by gentrification and inequitable lending policies. Source: New York Times
New York to Spend $65 Million to Rescue Cab Drivers. Is It Enough?
By Gotham Rex on March 9, 2021
The city will use part of the money it expects to receive in the federal stimulus package to aid drivers who fell victim to exploitative loans. Source: New York Times
One Hospital System Sued 2,500 Patients After Pandemic Hit
By Gotham Rex on January 5, 2021
The largest health system in New York, led by a close ally of the governor, continues to sue over medical debt during the Covid-19 crisis, even after other big hospitals suspended lawsuits. Source: New York Times
‘We’re at War’: New York City Faces a Financial Abyss
By Gotham Rex on September 28, 2020
The pandemic has crippled tourism, retail and the culture sector. The damage could last years, and layoffs, service cuts and added debt are all on the table. Source: New York Times
N.J. Will Borrow $4.5 Billion as Pandemic Pain Hits States
By Gotham Rex on September 24, 2020
It is one of the first states to take on debt to plug a budget hole created by the impact of the coronavirus. Source: New York Times