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Inner City Press
Type non-profit organization
Genre public interest
human rights
investigative journalism
Founded 1987
Founder(s) Families of South Bronx
Headquarters South Bronx, New York
United States
Website Official Website

Inner City Press is a non-profit public interest organization best known for its investigations of the banking industry's treatment of low-income communities of color, at first within the United States and more recently around the world.

Contents

History

Inner City Press was founded in 1987 in the South Bronx of New York City. Its first projects involved under-housed people fixing up abandoned buildings.

By the 1990s, Inner City Press began working on issues of exclusion of financial services, overburdening with environmental toxins, and lack of accountability by government and corporations to low-income areas. In 1994, Inner City Press' challenges using the Community Reinvestment Act resulted in four banks opening new branches in the South Bronx. By 1998, Inner City Press' challenges had resulted in over $7 billion of commitments in new lending to low income people. Some in the banking industry opine that Inner City Press' challenges are indiscriminate.

In 1998, Inner City Press took the lead in opposing the merger of Citicorp and Travelers to form Citigroup. Inner City Press spoke at both companies' shareholders' meetings, commented to the [[Federal Reserve@@, and ultimately initiated litigations against the merger, the largest in the financial services industry. Since then, Inner City Press has pursued Citigroup as it has made acquisitions in Mexico and elsewhere, while initiating similar campaigns regarding HSBC, JPMorgan Chase, Bank of America, Wachovia, General Electric, Deutsche Bank, Royal Bank of Scotland, AIG, Wells Fargo and others. The global work is done through the Fair Finance Watch. Inner City Press' executive director is Matthew Lee, who is the author of the non-fiction book Predatory Lending: Toxic Credit in the Global Inner City and the novel Predatory Bender and an accredited journalist at the United Nations.

Present

In mid-2006, investigative journalism at the UN by Inner City Press[1] exposed human rights abuses in the forcible disarmament programs carried out by the Uganda People's Defense Force in the Karamoja region of Uganda. The United Nations Development Programme halted its activities in the region. [2]

In 2006 in U.S. journalism, Lee and Inner City Press were engaged in litigation to deem the "citizens-only" provision of the Freedom of Information Act of Delaware (and ten other states) to be unconstitutional.

On February 13th, Google removed Inner City Press from Google News, allegedly due to pressure from the UN. [3]

Notes

  1. ^ In Uganda, UNDP's Belated Announcement of Program Halt Leaves Questions Unanswered - Inner City Press, 6/28/06
  2. ^ UNDP suspends Karamoja projects - The New Vision, 6/28/06
  3. ^ Journalist Who Exposes U.N. Corruption Disappears From Google - Fox News, 2/19/08

External links

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