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Broad new fed rule could impact NM credit unions and small banks
Winona Nava, president and CEO of Santa Fe-based Guadalupe Credit Union, says that proposed Consumer Financial Protection Bureau rules should help protect against payday lenders who charge 300 to 500 percent annual interest rates for short-term loans, instead of less...Read Up On Public Banks, Then Decide
Recently, several letters have appeared in The New Mexican opposing a public bank for Santa Fe. The key argument is that the bank would be managed by the city. That’s not how a public bank works. As a chartered bank, a public bank would be managed by professional...Pay To Play
In his op-ed (“A public bank for Santa Fe? It’s too expensive,” June 12), Jim Lodes suggested that instead of establishing a public bank, Santa Fe could earn better interest investing in New Mexico’s State Investment Council fund. He’s right that Santa Fe doesn’t...Better Banking, Funding
After I read Dan Metzger’s opinion piece (“Santa Fe could use a public bank,” My View, April 24), I understood why a public bank would be good for Santa Fe. I know the city often borrows money to pay for parks, roads and other public projects we citizens use and...
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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