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REPORT: Public Banking Key to Building Community Wealth in New York City
| 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...
Wells Fargo Rejected Half Its Black Applicants in Mortgage Refinancing Boom
(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...
Could Massachusetts get into the banking business? Maybe.
(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...
How Philadelphia is laying the groundwork for a public bank
American Banker, by Allissa Kline | March 22, 2022 Philadelphia is inching closer to becoming the first U.S. municipality to operate a public bank. In the latest step forward for a nationwide movement that has been gaining steam, the Philadelphia City Council...
Housing Briefs: Wells Fargo Denied Most Refinance Apps for Black Homeowners
(Photo by Mike Mozart/ CC by 2.0) Also, formerly redlined neighborhoods are hotter, and New Yorkers experiencing homelessness fear for their safety NEXT CITY, by Roshan Abraham, March 17, 2022 Wells Fargo Denied More Than Half of Refinancing Applications From...
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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