On Sunday, June 10th, NY City Council Speaker Christine Quinn joined 200 community leaders and voiced her commitment to override Mayor Bloomberg’s veto of the “Responsible Banking Act” (RBA). The new law voted by the Council with a vote of 44 to 4 last month, promotes transparency and encourages banks to be more responsive to the credit needs in local neighborhoods. The RBA requires that banks seeking to hold city deposits provide data on their lending, investment and services in a given community. “We have fought long and hard to pass this bill, but the fight is not over,” said Yvette Clairjeane, Brooklyn Congregations United leader and member at Our Lady of Refuge Church. “We thank the Speaker for her unwavering commitment to seeing the Responsible Banking Act made a reality and look forward to the Council’s override of the Mayor’s veto.” Update: One June 28th, the NY City Council voted to override the Mayor's veto of the RBA by 47 votes!
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Brooklyn Congregations United, a multifaith congregation based organization, of almost 15,000 members supports the Responsible Banking Act. Annette is 80 years old and her house is underwater, worth less than the loan she has on it. Yva lives with her mother and daughters in a house that everyday she worries will be foreclosed on. Pat lives in an apartment building where an overleveraged landlord had given up on doing repairs. Sarah lived next door to an abandoned property being used for drugs. These members of congregations involved in Brooklyn Congregations United all live in tenuous or threatened housing situations because of bad banking practices.
Two hundred parishioners from The Basilica Our Lady of Perpetual Help in Sunset Park, Brooklyn packed into a church hall for a spirited public meeting to acquire commitments from Congresswman Nydia Velazquez, Assemblyman Felix Ortiz, a representative of Councilwman Sara Gonzalez and the Police Athletic League this Sunday. One by one, the elected officials each agreed to the community's public request to form a Task Force that would address the the need for improved safety in the neighborhood, with a particular focus on a few blocks that the church has identified as hot spots of drug sales and violence.
Brooklyn Congregations United, a multifaith congregation based organization, of almost 15,000 members supports the Responsible Banking Act.
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Clergy to Banking Industry: What’s wrong with a little sunshine? Pass the Responsible Banking Act By: Dr. Ahmad Jaber, Fr. Michael Perry & Reverend David Rommereim, Brooklyn Congregations United Brooklyn Congregations United, a multifaith congregation based organization, of almost 15,000 members supports the Responsible Banking Act.
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