March 10, 2022 | by Shawn Donnan, Ann Choi, Hannah Levitt and Christopher Cannon
When Mauise Ricard III paid a $560.43 application fee to Wells Fargo & Co. on Valentine’s Day in 2020 to refinance his mortgage on a four-bedroom brick colonial in a leafy suburb of Atlanta, he had every reason to expect an easy ride. The Microsoft Corp. engineer is married to a doctor and has a credit score north of 800, putting him in America’s credit elite. The loan officer at the bank even told him he was probably eligible for a fast-track appraisal.
Keynote: Eric Hardmeyer, retired CEO of Bank of North Dakota
Keynote: Eric Hardmeyer, Bank of North Dakota California Public Banking Alliance’s March 30th Town Hall, The Nuts & Bolts of Opening Public Banks in California Eric Hardmeyer, recently retired after 21 years as CEO of the Bank of North Dakota detailed the...
Public Banks: What Are They, and How Might They Impact Workers?
ONLABOR, By Travis Lavenski January 12, 2022 (Above: First State Bank, Osnabrock North Dakota) Since the Great Recession in 2008, a surge of discourse regarding public banking has emerged. Commonly pushed as a core piece of progressive legislation, states...
North Dakota Industrial Commission authorizes Bank of North Dakota loan programs for livestock producers
Grazing cattle in North Dakota. Photo by USFWS Mountain-Prairie, Flickr (CC BY 2.0) By Staff, Jamestown Sun | July 29, 2021 A state-owned public bank can help an agriculturally-oriented state prosper during a drought; the Bank of North Dakota shows us how with...
Bank of North Dakota report: ND received more funds per capita than any other state
Photo courtesy Bank of North Dakota By Bank of North Dakota | June 9, 2021 The state-owned Bank of North Dakota (BND) reported a profit of $141.2 million in 2020, down from $169 million in 2019 with a return on investment of 15%, according to information...
Take On Wall Street With Local Banking
Image by Nattanan Kanchanaprat from Pixabay By Ben Frogel, The American Conservative | April 7, 2021 Big banks are becoming increasingly politicized, and not in a direction that is favorable for conservatives. JP Morgan Chase led the fundraising charge for...
Wells Fargo Rejected Half Its Black Applicants in Mortgage Refinancing Boom
SEED NM 2022 Symposium: Bob Mang on how business guilds can regenerate communities
SEED NM 2022 Symposium: Bob Mang on how business guilds can regenerate communities
Bob Mang, Re-Genesis Inc, Co-Founder (Retired) and AFLEP Board member, talks about rural economic development and how business guilds can regenerate communities.
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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