 NEDAP News | Vol. 3 Issue 3 | March 2008
Welcome to the March 2008 edition of NEDAP News
Register Now! Immigrant Financial Justice Conference
Join us on April 14, 2008 from 1:00 pm - 5:00 pm for the second conference on Promoting Financial Justice for Immigrant New Yorkers. The conference sessions, open to community groups, advocates, financial institutions and funders, will explore how the subprime lending and foreclosure crises are affecting NYC immigrant communities. It will also highlight findings from the first "NYC Immigrant Banking Survey," which gathered information from more than 600 immigrant New Yorkers about their financial services experiences and needs. Local groups will discuss strategies to promote fair lending, corporate accountability and community reinvestment.
The conference is organized by the NYC Immigrant Financial Justice Network, and will feature presentations from Asociación Tepeyac, Chhaya Community Development Corporation, NEDAP, New Immigrant Community Empowerment, Project Enterprise, Queens Community House, and others!
Register online or by calling (212) 680-5100, x209.
NEDAP Releases New Report on Discriminatory Mortgage Lending
 In March, NEDAP released a new report, "Paying More for the American Dream: The Subprime Shakeout and its Impact on Lower-Income and Minority Communities." The report examines the lending practices of 35 subprime lenders that went out of business in 2007, and shows high-cost lending disproportionately concentrated in communitites of color across seven U.S. metropolitan regions.
NEDAP issued the report in collaboration with the California Reinvestment Coalition, Ohio Fair Lending Coalition, Community Reinvestment Association of North Carolina, Massachusetts Affordable Housing Alliance, Empire Justice Center (in Rochester), and the Chicago-based Woodstock Institute.
Click the map for a link to the full report, which includes maps produced by NEDAP for all seven metropolitan study areas.
Community Training and Advocacy Highlights
In March, NEDAP:
- Presented on a panel, "Addressing the National Mortgage Foreclosure Crisis," at PolicyLink's Regional Equity Conference in New Orleans, LA.
- Conducted workshops on predatory lending and foreclosure prevention for parishioners at the Holy Family Church in Canarsie, Brooklyn, and St. Leo Church in Corona, Queens, in partnership with Catholic Charities of Brooklyn and Queens.
- Presented on financial security issues for immigrant survivors of domestic violence, at Fordham Law School's 12th Annual Domestic Violence Conference.
- Trained credit unions on USA Patriot Act rules affecting financial institutions, and strategies to expand services to immigrant members, at a Credit Union National Association (CUNA) conference in Nashville, TN.
- Participated in a series of Working Group meetings, convened by the NYS Blue Ribbon Commission on the Modernization of Financial Services, on life and property & casualty insurance issues.
- Briefed members of the Statewide Senior Action Council, on pending state responsible lending and exempt income protection legislation.
- Appeared in various media outlets, including:
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