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Religious Development Group Advocates for New York Law to Stop "Vulture Funds"

by Lydia Andrews Monday, Mar. 05, 2018 at 2:24 PM

Religious leaders, lawyers, academics and debt experts are meeting to discuss changing New York laws that govern debt contracts from Puerto Rico to Mozambique.

Religious leaders, lawyers, academics and debt experts are meeting to discuss changing New York laws that govern debt contracts from Puerto Rico to Mozambique. The public interfaith event held at a Schenectady Synagogue is entitled, "Building an Economy that Serves the Poor: An Interfaith Forum on New York Laws to Stop Predatory Finance and Protect Developing Economies."

"New York laws govern most of the world's debt" said Eric LeCompte, executive director of the religious Development Group, Jubilee USA. "Changing laws in New York can stop predatory behavior and make it easier for US States and countries to get out of financial crisis."

More than half of the world's debt is contracted under New York state law.

The event features: Matt Cutler, Rabbi, Congregation Gates of Heaven; Barbara Di Tommaso, former Director of the Commission on Peace and Justice of the Roman Catholic Diocese of Albany; Eric LeCompte, Executive Director of Jubilee USA and UN Expert; Richard L. Shirley, Professor of Economics, Sienna College; Stephen Schneck, Professor of Politics at The Catholic University of America; Beatrice Parwatikar, representing Jubilee Vermont and Jubilee USA Board Co-Chair Emeritus; and Steven L. Schwarcz, Stanley A. Star Professor of Law and Business at Duke University School of Law; and Daniel Finn, Professor of Theology and Clemens Professor of Economics at St. John’s University, Collegeville, Minnesota.

The event is at 7:00 pm at the Congregation Gates of Heaven, Schenectady, New York. The event is is free and open to the public.

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