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Public banking initiatives picking up steam across several states
Image courtesy California Public Banking Alliance By Carolyn Duren, S&P Global | March 3, 2021 Over the last couple months, several states and municipalities have introduced bills to study or implement public banks, potentially changing the financing...
The Pandemic Is Pushing Cities to Rethink How to Drive Capital to Small Business
Photo by Bill Smith / CC BY 2.0 By Oscar Perry Abello, Next City | February 26, 2021 As of February 2020, counting currency in circulation, deposits in bank and credit union checking accounts, savings accounts, certificates of deposit, and money market...
Chicago Aldermen Push Banks Doing Business With The City For More Equitable Lending
Photo by Theodore Lee, Flickr (CC BY-NC-ND 2.0) By Linda Lutton, WBEZ Chicago | February 24, 2021 Chicago’s City Council this week is applying pressure to banks to improve their dismal mortgage lending records in Black and Latino neighborhoods, using a pair of...
Three States and Two Cities Are Getting Serious About Public Banking
A virtual conversation about public banking, convened by New York State Sen. James Sanders, Jr. (lower left) Screenshot courtesy Next City. By Oscar Perry Abello, Next City | February 4, 2021 When I first met NY State Senator James Sanders, Jr., in 2019, he was...
Bill Could Allow OR Cities to Create Their Own Banks
Wall Street bull by htmvalerio, Flickr (CC BY-NC-ND 2.0) By Eric Tegethoff, Public News Service | February 3, 2021 Oregon lawmakers want cities to be allowed to put their cash in banks other than large, for-profit institutions. Bills in the Legislature —...
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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