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Philadelphia Examining Whether Public Deposits Can Close Racial Disparities in Small Business
Photo by ByteForByte / CC BY-NC-ND 2.0 By Oscar Perry Abello, Next City | October 8, 2020 Banking is personal for Derek Green. After graduating high school in 1988, he landed a summer internship with Meridian Bank in Philadelphia’s exclusive Society Hill...
Bank of Philadelphia? Study says a public bank could help small biz survive COVID
Photo courtesy Pixabay By Darryl C. Murphy, The Philadelphia Tribune | October 2, 2020 An independent report commissioned by the City of Philadelphia recommended the creation of a public bank that would allow city government to loan directly to small businesses. The...
What the unbanked need from the 2020 election
Image courtesy paymentsjournal.com By McKenna Moore, Fortune | September 30, 2020 Postal banking is a form of public banking that would guarantee every American with a postal address a bank account. Over 6% of Americans—20.5 million people—are unbanked,...
Council Bills Could Pave the Way for a Public Bank in NYC
Mark Levine, a Manhattan Democrat seen here in 2019, is the sponsor of two bills that would boost transparency around the huge sums of tax revenue New York City squirrels away before using it to fund city operations. Photo by Jeff Reed for the New York City Council....
In pandemic spotlight, public banks ponder a greener role
Man carrying bundle of rice in Quezon, Philippines. Public banks are expected to expand debt relief and protect the rights of local communities affected by development projects, among other decisions that spur sustainability, say campaigners. Image: Danilo...
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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