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Wells Fargo Rejected Half Its Black Applicants in Mortgage Refinancing Boom
(Above) Mauise Ricard III’s four-bedroom colonial in a suburb of Atlanta. Photographer: Aboubacar Kante/Bloomberg Bloomberg, By Shawn Donnan, Ann Choi, Hannah Levitt and Christopher Cannon | March 10, 2022 Fewer than half of Black applicants were approved by the...
Could Massachusetts get into the banking business? Maybe.
(Above) State Senator Jamie Eldridge is among Beacon Hill lawmakers behind a growing push for Massachusetts to create a public bank that would help finance businesses in underserved communities that struggle to obtain private-sector loans. A legislative committee is...
How Philadelphia is laying the groundwork for a public bank
American Banker, by Allissa Kline | March 22, 2022 Philadelphia is inching closer to becoming the first U.S. municipality to operate a public bank. In the latest step forward for a nationwide movement that has been gaining steam, the Philadelphia City Council...
Philadelphia City Council OKs creation of nation’s first municipal bank
Philadelphia Business Journal, by Ryan Sharrow, Editor in Chief, March 3, 2022 (photo by Laura Smythe / Philadelphia Business Journal) City Council voted on Thursday to create the Philadelphia Public Financial Authority, a move that positions the city to launch the...
Philadelphia Bill Would Establish First Ever Municipal Public Bank Entity
NEXT CITY, by Oscar Perry Abello February 17, 2022 The stated mission of the proposed Philadelphia Public Financial Authority is to support Black-owned businesses and other businesses in neighborhoods that have historically lacked access to credit. (photo:...
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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