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Office of Financial Empowerment
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News from DCA - Current Press Releases

Thursday, January 20, 2011
NEW YORK CITY AND SAN FRANCISCO LEAD NATIONAL MOVEMENT OF NEW MUNICIPAL STRATEGIES TO HELP LOW- AND MODERATE-INCOME FAMILIES ACHIEVE FINANCIAL SECURITY
New York City is a leader in developing innovative anti-poverty strategies, according to a report released earlier today by the Corporation for Enterprise Development (CFED) on municipal financial empowerment. The new field—municipal financial empowerment—goes beyond traditional efforts aimed at building residents’ income by increasing knowledge of and access to affordable financial products, encouraging savings and investment, and protecting residents in the financial marketplace. According to the CFED report, municipal financial empowerment breaks new ground because city governments are entering an arena previously occupied only by nonprofits. New York City and other municipalities have launched dozens of innovative programs to leverage their power to help residents with low and moderate incomes build wealth and assets on a large scale.




Wednesday, January 5, 2011
DEPARTMENT OF CONSUMER AFFAIRS ANNOUNCES RESULTS OF FALL SUPERMARKET INSPECTIONS: COMPLIANCE AT ALL-TIME LOW OF 33 PERCENT
Department of Consumer Affairs (DCA) Commissioner Jonathan Mintz today announced that following his promise in August to double the number of supermarket inspections in this fiscal year, in response to low compliance rates for last fiscal year, DCA inspectors have already conducted nearly 500 inspections. Compliance plummeted from last year’s low 48 percent down to only 33 percent. Inspectors travelled to supermarkets throughout New York City reviewing item pricing, proper taxation, and scanner accuracy, all of which impact hard-working New Yorkers’ wallets at the check-out counter. In New York City’s five poorest community districts, which are all located in the Bronx, the compliance rate was slightly improved from only 36 to 52 percent.



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