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Dive Brief: California lawmakers are backing a bill to create BankCal, a government program that would offer a "zero-fee, zero-penalty" consumer banking option to the state’s residents. The measure is aimed at "protecting consumers who lack access to traditional banking services from predatory, discriminatory, and costly alternatives." Assembly Bill 1177, which lawmakers and advocates unveiled last week, would establish a Public Banking Option Board, which would partner with financial institutions to offer the free accounts. California employers with five or more employees would be require...

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 consumer banking, according to financial policy experts. The program would provide no-fee debit cards...

California Tackles Banking Accessibility With New Bill California has a new bill designed to offer 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 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 designed to offer Golden State households free financial services, taking on the state's powerful b...

Apr 6, 2021 Conspiratorial attempts to maintain and control power are going to be made obsolete in a world of truthful money via Bitcoin. George Orwell is reputed to have said, “In a time of universal deceit, speaking truth to power is a revolutionary act.” Over a decade ago in the spring of 2010, WikiLeaks burst onto the global stage with the publication of the “Collateral Murder” video that depicted the U.S. military gunning down Iraqi civilians and Reuters journalists on a street in New Baghdad. WikiLeaks, through the method of transparency, exposed war crimes of the U.S. empire in...

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