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Small Business Rescue Earned Banks $10 Billion In Fees
Photo: Bank of America tower in New York City, NY. By David Phan, Flickr. By Morning Edition, National Public Radio| Apr 22, 2020 Banks handling the government’s $349 billion loan program for small businesses made more than $10 billion in fees — even as...New York Is Proposing the Creation of a ‘Public Venmo’
By Jordana Rosenfeld, VICE | January 7, 2020 Lawmakers and activists are proposing a digital payment platform and currency to help millions of New Yorkers without bank accounts. For millions of people in the US, exclusion from the banking system is simply a...
11 bankers and disruptors to watch in 2020
By Alan Kline, Laura Alix, Kevin Wack, Andy Peters, Dean Anason, Jon Prior, Penny Crosman, AMERICAN BANKER | Jan 12, 2020 In banking circles, the biggest story of 2019 was unquestionably the blockbuster merger between longtime rivals BB&T and SunTrust...The answer to helping the unbanked exists on every Main Street: the post office
Five reasons why postal banking needs to make a comeback in the United States. By Yasmin Gagne, Fast Company / Oct 18, 2019 As profit-chasing banks abandon low-income and rural neighborhoods, nearly 8% of U.S. households are unbanked, and one in five people...
California Opens the Public Banking Floodgates
The move shifts power away from profit-motivated board members of corporate banks and into the hands of the people. By Aaron Fernando, The Progressive / Oct. 24, 2019 When you pay state and local taxes, parking fees and other payments to your regional...
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Episode: Everyone deserves a public bank
Join those who’ve endorsed a Public Bank for New Mexico
“I had the good fortune to work on this initiative before Bernie kidnapped all my time. This is one of those no-brainer initiatives that only the 1% could oppose. It has the potential to save the state millions of dollars by vastly reducing the cost of its bonds to improve infrastructure funding. in a public bank, our state funds can be used to build our local economy and our local infrastructure.”
– Paul Gibson
Retake Our Democracy