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LA City Council To Consider Motion Aimed At Developing Public Bank
Los Angeles Sentinel
“With a public bank, you can invest in your neighborhood, promote affordable housing, help small businesses, support a fair transition to a green economy, and increase equity.”
The Latest in Banking Reform for the People
The United States Postal Service has quietly relaunched a banking program that includes check-cashing at a handful of post office locations.
The program, which began on Sep. 13 at post offices in Washington D.C., Baltimore, the Bronx, and Falls Church, Virginia, allows customers to purchase gift cards of up to $500 using their payroll or business check for a small flat fee. That could serve the one in four American households who are unbanked or underbanked, per a 2017 Federal Deposit Insurance Corporation survey.
USPS Pilots a Public Banking Program
The United States Postal Service has quietly relaunched a banking program that includes check-cashing at a handful of post office locations.
The program, which began on Sep. 13 at post offices in Washington D.C., Baltimore, the Bronx, and Falls Church, Virginia, allows customers to purchase gift cards of up to $500 using their payroll or business check for a small flat fee. That could serve the one in four American households who are unbanked or underbanked, per a 2017 Federal Deposit Insurance Corporation survey.
Retake Our Democracy: Angela Merkert on the 2022 Public Bank Legislation
Angela Merkert, AFLEP Executive Director recaps the public banking movement in New Mexico, the 2021 launch of public bank legislation and unveils the comprehensive Public Bank Act bill slated for the 2022 Session. Host Paul Gibson asks why the Community Bank sector...
Local Officials, Candidates and Organizations Join in Calling for Cleveland Municipal Bank Exploratory Committee
By Vince Grzegorek, Cleveland Scene – A host of sitting elected officials, candidates for mayor and city council, and local organizations have voiced their support for forming a municpal bank exploratory committee in Cleveland. “We are in a unique economic climate right now, with the pandemic still wreaking havoc and significant federal funding on its way to cities around the country,” says Geeta Minocha.
Letter to the Editor: A public bank would improve life in New Mexico
By Clifton Chadwick, Santa Fe New Mexican – The piece by Sen. George Muñoz (“Stimulus — spent right — will promote opportunity,” My View, Aug. 23) about “not squandering” New Mexico’s share of federal stimulus money is right on, well, the money. And who knows the needs and concerns of New Mexicans better than New Mexicans?
Why is a Public Bank needed in New Mexico?
Why is a Public Bank needed in New Mexico?
New Mexico Public Bank FAQs – Bob Mang, AFLEP Board Treasurer, discusses why a public bank is needed in New Mexico. He explains how a public bank could help with some of the types of loans banks are reluctant to make. September 2021
How US community banks became ‘irreplaceable’ in the pandemic
By Brendan Greeley, Financial Times – Community banks tend to have less than $10bn in assets, take deposits and hold a traditional portfolio of mortgages and business loans. Of the 5,000 lenders in the federal programme that insures deposits against bank runs, all but 500 are community banks. They are ubiquitous in rural areas and, during the first months of the coronavirus pandemic, proved their value. Small businesses and the self-employed needed loans to stay afloat, and it was often the community banks that made them.
What is proposed for a Public Bank in New Mexico?
What is proposed for a Public Bank in New Mexico?
New Mexico Public Bank FAQs – Bob Mang, AFLEP Board Treasurer, compares what is proposed for a Public Bank in New Mexico with the 100 year plus, public Bank of North Dakota. September 2021
Census: Rural New Mexico becoming more rural
By Daniel Chacón, Santa Fe New Mexican – While New Mexico grew by 58,343 people between 2010 and 2020, the influx occurred in more urban areas — at the same time more rural parts of the state saw their populations shrink, according to U.S. Census Bureau data released Thursday. The state needs to work harder to increase economic development opportunities in more rural parts of New Mexico, House Minority Leader Jim Townsend said.
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Episode: Everyone deserves a public bank
“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