Richard D. Marsico
Professor of Law
Director, Impact Center for Public Interest Law
Richard D. Marsico teaches clinical courses at New York Law School. His work has included representing community groups campaigning for local development to bring housing and jobs to needy people and to increase banking and financial opportunities in poor and minority neighborhoods.
Professor Marsico teaches clinical courses, where he has supervised students representing clients on diverse issues including discrimination, community reinvestment, not-for-profit law, and political asylum. His scholarship now focuses on the Community Reinvestment Act, and he has published a book about this obscure, but crucial, federal law that promotes economic development in impoverished communities. Professor Marsico is also examining ways to encourage banks to make loans to businesses and residents of these low-income neighborhoods without encouraging predatory lending at high interest rates and harsh terms. He has written and lectured extensively in the field, focusing on low-income and minority borrowers. His published research includes a survey on patterns of home mortgage lending to low-income and minority communities in the New York metropolitan area.
Now, as Director of the Impact Center for Public Interest Law, Professor Marsico is shaping the School’s efforts to use law’s constructive power as a tool of justice and social welfare. He brings extensive practical experience to the Justice Action Center, having worked as a staff attorney in the Civil Division of the Legal Aid Society in the Bronx and as law clerk to the Honorable Shirley Wohl Kram of the U.S. District Court, Southern District of New York.
Professor Marsico is married to an attorney who serves as a town justice and a hearing examiner for New York State. They have three children.