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June 27, 2023
From Los Angeles to the East Bay, major public banking plans are emerging from California cities.
May 26, 2022
Governor Roy Cooper today announced that teams from three North Carolina High Schools won the third annual Ready, Set, App! competition by designing and developing mobile applications that solve a problem in their school or community.
November 25, 2021
We could not have done what we did this year if we had not had the support of some of these government programs that were going directly to families, because inflation is real. the increased gas prices and increased food prices is making it much more difficult for families to get back on their feet, even as theyre recovering. were expecting about an 18-month to two-year tail on the economic recovery even after people get back to work. >> well, trisha cunningham, trinity tran, thank you both for ...
October 21, 2021
Proponents of public banking in California say Wall Street banks have failed low-income communities, particularly people of color. They also say the public banks will provide easier access to capital that will be critical to helping small businesses and neighborhoods rebound after the pandemic.
October 5, 2021
The Los Angeles City Council today will consider authorizing the Chief Legislative Analyst to seek contractors or consultants to help the city create a public bank. The vote comes nearly two years after former City Council President Herb Wesson introduced a motion aimed at establishing the city's first public banking institution.
April 22, 2021
In summary Lawmakers should look hard at both sides of the ledger sheet of a possible public banking option before approving AB 1177. By Kerry Jackson, Special to CalMatters Kerry Jackson is a fellow with the Center for California Reform at the Pacific Research Institute, kerryjacksonPRI@gmail.com. Nearly 200 local and national banks operate more than 6,500 branches in California. But lawmakers believe the state needs one more. A bill in Sacramento establishes a public bank with “a zero-fee, ...
April 6, 2021
Banking can be expensive, especially for low-wage workers. A score of California lawmakers has signed on to a new bill designed to offer Golden State households free financial services, taking on the state’s powerful banks at a time when easier access to banking services could help families cope with the economic fallout of the COVID-19 pandemic. If it passes, the California Public Banking Option Act would create BankCal, the first state government program in the nation to offer universal c...
April 6, 2021
California Tackles Banking Accessibility With New Bill California has a new bill designed to offer households free financial services, taking on the states powerful banks at a time when easier access to banking services could help families cope with the COVID-19 pandemic. by Margot Roosevelt, Los Angeles Times / April 6, 2021 Banking can be expensive, especially for low-wage workers. A score of California lawmakers has signed on to a new bill ...