We were especially eager to work on this Making Policy Public project with CUP and Association for Neighborhood and Housing Development (ANHD) since it empowers people to improve their communities and helps NYC reward responsible banks.
Banks profit from the billions of dollars that NYC invests in them every year, which NYC taxpayers fund. Banks are supposed to invest part of their profits back into the local community and the new Responsible Banking Act (RBA) became law in 2012 to help ensure that. The RBA provides New Yorkers with several opportunities to speak up about their community’s needs, how banks are responding to their needs, and how banks can improve.