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Is this the year Washington state starts a public bank?
If passed, SB 5188 will establish a public bank in Washington, which would allow municipalities across the state to deposit public funds and borrow to fund infrastructure projects, such as roads, bridges and affordable housing. (Jovelle Tamayo for Crosscut) By Katie...
Powerful alternatives to predatory lenders: Postal Service banking and public banks
Lincoln Park neighborhood in Chicago, Illinois. Photo by Jovan J, Flickr (CC BY-NC-ND 2.0) By Terri Friedline and Ameya Pawar, Chicago Sun-Times | March 16, 2021 The payday and auto title loan industry offers predatory loans to people who live in communities...
New Mexico’s Public Bank Legislation is Running Out of Time
New Mexico flag by Ron Cogswell via Flickr (CC by 2.0) By Peter Strozniak, Credit Union Times | March 16, 2021 Time is running out for a proposed bill that would establish a public bank in New Mexico, a measure endorsed by the state’s credit union trade group...
Lawmakers consider state bank for Oregon
Oregon state capitol building. Photo by Jim Choate, Flickr (CC BY-NC-ND 2.0) By Melody Finnemore, Portland Tribune | March 13, 2021 Oregon Sen. Jeff Golden (D-Ashland) has proposed legislation this session that would reintroduce a state bank concept for Oregon....
It’s expensive to be poor. Publicly owned banks may help
Photo by Eduardo Soares on Unsplash By Geeta Minocha and Ricardo Williams, Orlando Sentinel | March 12, 2021 A Public Bank for New Mexico would not offer bank accounts to the public, but could offer NM the other benefits mentioned in this article There’s...
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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
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