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How The US Could Achieve 100% Financial Inclusion Through Local Public Banking
Photo by Jack Cohen on Unsplash By Nik MIlanovic, Forbes | November 3, 2020 The public banking model proposed in this article is not the same as the one proposed for NM, which is one that supports local revenues staying in the community for local benefits....
Rashida Tlaib and AOC have a proposal for a fairer, greener financial system — public banking
Photo by Greg Nash By Emily Stewart, Vox | October 30, 2020 A public option, but for banking. That’s what Reps. Rashida Tlaib and Alexandria Ocasio-Cortez are proposing in a new bill unveiled on Friday. The Public Banking Act, first shared with Vox, wouldn’t...
Downturns may be the best time to start a bank with a mission to serve underserved or disinvested communities
Southside Community Development and Housing Corporation recently obtained a loan from Virginia Community Capital to purchase this building and the vacant lot next door to provide rental units for prospective first-time homebuyers. (Photo courtesy Dianna Bowser) By...
Industrial Commission Approves New Bank of North Dakota COVID Relief Program
Photo by Bank of North Dakota By Bank of North Dakota | September 23, 2020 The Industrial Commission approved a $50 million interest buydown program to be administered by Bank of North Dakota (BND) for businesses with decreased revenue related to the COVID-19...
Public banks offer advantages to customers
Graphic courtesy Public Banking Institute By Frank Sanitate, Santa Barbara News-Press | October 18, 2020 Both community wealth and private wealth are important. But private wealth has a significant advantage which communities are not taking advantage of now....
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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