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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...
The People V Wall Street: California’s Public Banking Shake-Up
photo: Kurtis Wu / San Francisco Public Bank Coalition By Glenn Daigon, Who. What. Why. / Nov 5, 2019 For only the second time in 100 years, a people-powered coalition overcame the stiff opposition of the banking lobby to successfully pass a law that legalizes...
California Just Legalized Public Banks. Will the Rest of the Nation Follow Suit?
The new law promises to take taxpayer money back from Wall Street and reinvest it in communities. By Ananya Garg, Yes! Magazine / Oct 3, 2019 The Standing Rock movement in 2016 brought together Indigenous activists from across the nation to fight against the...
California just legalized public banking, setting the stage for more affordable housing
California Governor Gavin Newsom. By Gage Skidmore, Flickr (CC BY-SA 2.0) Supporters say the change allows for funding infrastructure demands or providing loans to public agencies at low rates By Mario Koran, The Guardian / Oct 4, 2019 Cities and counties...
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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