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New York City Gets Back in Bed with a Bad Bank — But There’s a Better Way
New York City Mayor Bill de Blasio on Wall Street (photo: Ed Reed/Mayoral Photography Office) By Andy Morrison, Gotham Gazette | May 31,2021 This past week, an obscure public body, the New York City Banking Commission, decided that the city can resume banking...
How to find a bank that shares your commitment to the environment
Image by OpenClipart-Vectors from Pixabay By Sara Kiley Watson, Popular Science | May 25, 2021 One effective way to make actual change in your life is by putting your money where your mouth is. Whether that’s buying your clothing second-hand or shopping for...
How to Start (and Run) a Bank That Puts People and Planet Over Profits
Photo by Brian Gratwicke, Flickr (CC BY 2.0) By Oscar Perry Abello, Next City | May 17, 2021 A small bank’s enduring legacy begins with the mission-driven question, “Where does your money spend the night?” You could chronicle the history of New Resource...
Big Banks Charged Billions in Overdraft Fees During the Worst Months of the Pandemic
Photo by Mike Mozart, Flickr (CC by 2.0) By Alexander Sammon, The American Prospect | April 22, 2021 Last week, the country’s largest banks announced their quarterly earnings, crushing estimates and expectations nearly across the board. It marked another surprisingly...
‘What Are We Going To Do?’: Towns Reel As Banks Close Branches At Record Pace
Photo by throgers, Flickr (CC BY-NC-ND 2.0) By Scott Horsley, NPR | March 26, 2021 A NM Public Bank would support and grow our local banks through loan partnerships George Holland, the mayor of Moorhead, Miss., remembers the feeling when he heard that Regions Bank was...
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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