by Claire Carlson, The Daily Yonder September 23, 2022 This article first appeared on The Daily Yonder and is republished here under a Creative Commons license. A public bank is a financial institution that is managed by the government in the public interest, which is...
NEXT CITY, by Oscar Perry Abello September 27, 2022 Public banking is already making headlines in one big city mayoral race slated for next year, and it’s bound to come up in at least one more. (photo: Philadelphia City Hall, by Jose Fontano / Unsplash) New Mexico...
(Credit: Public Bank NYC) Op-Ed: At a time when unchecked corporate profiteering masquerades as inflation, a proposed NYC public bank would center the interests of, and fund projects for, Black and Brown communities. Next City Op-Ed | By Lebaron Sims, June 8, 2022...
| May 26, 2022 How NYC can use public funds to fuel a different kind of financial system that advances racial and economic justice Wall Street has a long history of putting profits over people. The big banks perpetuate structural racism in housing, labor, and...
(Above) Mauise Ricard III’s four-bedroom colonial in a suburb of Atlanta. Photographer: Aboubacar Kante/Bloomberg Bloomberg, By Shawn Donnan, Ann Choi, Hannah Levitt and Christopher Cannon | March 10, 2022 Fewer than half of Black applicants were approved by the...
(Above) State Senator Jamie Eldridge is among Beacon Hill lawmakers behind a growing push for Massachusetts to create a public bank that would help finance businesses in underserved communities that struggle to obtain private-sector loans. A legislative committee is...
We Listened! Thank you to the many who responded to our Supporter Survey. You told us you want to hear more about the working details of a Public Bank of
We Listened! Thank you to the many who responded to our Supporter Survey. You told us you want to hear more about the working details of a Public Bank of New Mexico and the populations it would serve. We heard you! Please sign up to attend one of three Alliance Webinars on Zoom available to everyone.
AFLEP continues to be a voice for investment in New Mexico community and rural development. The needs are great and we can do better. Let’s take risks and think more creatively, encourage innovation and determine how to expand New Mexico’s financial capacity to make more investments than are currently possible. More focus on desired outcomes; collaboration of nonprofit advocacy groups, state departments, even private investors, and, ideally, a public bank; and more attention to equity in that financing are needed.
Each webinar will use a geographic area of New Mexico as an example of how the Public Bank will benefit our communities. Please sign up for the webinar of your choice. Registration is required. Sign up here.
Wednesday, November 30 at noon – Highlighting the Gallup / Four Corners area
Wednesday, December 7 at 6pm – Highlighting Las Cruces / Deming / Silver City area
Wednesday, December 14 at noon – Highlighting Raton / Las Vegas / Taos area
March 10, 2022 | by Shawn Donnan, Ann Choi, Hannah Levitt and Christopher Cannon
When Mauise Ricard III paid a $560.43 application fee to Wells Fargo & Co. on Valentine’s Day in 2020 to refinance his mortgage on a four-bedroom brick colonial in a leafy suburb of Atlanta, he had every reason to expect an easy ride. The Microsoft Corp. engineer is married to a doctor and has a credit score north of 800, putting him in America’s credit elite. The loan officer at the bank even told him he was probably eligible for a fast-track appraisal.
Bob Mang, Re-Genesis Inc, Co-Founder (Retired) and AFLEP Board member, talks about rural economic development and how business guilds can regenerate communities.
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.”