News & Events
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NY State of Politics: New York Public Banking Supporters Say Recent Failures Show Need for Law
NY State of Politics — Supporters of a measure that would create public banks in New York pointed to the recent failures of financial institutions like Silicon Valley Bank and Signature Bank as an impetus for the passage of a measure that would enable public options for deposits.
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Vice: Collapsed Signature Bank Made Risky Loans to Predatory Landlords
Vice — Over the past week, bank runs have caused multiple U.S. institutions serving the technology and crypto industries to collapse. Two banks, Silicon Valley bank (SVB) and Signature Bank, have been placed into receivership with the Federal Deposit Insurance Corporation (FDIC), which will put all deposits into bridge banks run by the FDIC until they…
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Gothamist: NYC has $60M in Signature Bank Accounts, Fueling Calls for More Scrutiny
Gothamist — A run on New York-based Signature Bank put tens of millions of taxpayer dollars at risk, fueling calls for more scrutiny of banks the city uses to hold the public’s cash.
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Comptroller, Public Advocate, Borough Presidents, Council Members, Groups Call on Albany to Clear Way for NYC Public Bank
Today, elected officials, including City Comptroller Brand Lander, Manhattan Borough President Mark Levine, and members of the City Council, joined the Public Bank NYC coalition for a spirited press conference calling on the state to enact legislation opening the way for public banking in New York City.
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New York Amsterdam News: ‘Public Land For Public Good,’ Say Housing Advocates
New York Amsterdam News — Passionate Black and brown housing advocates from across New York City rallied at City Hall last Thursday to demand the passage of “social housing” bills that would address the city’s housing crisis.
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Noema: Banks For The People
Noema — Gregory Jost noticed the first two bank branches close in the Bronx about six months before the pandemic. They were right next to each other: a Chase and a Bank of America, about three blocks from his son’s school in Norwood, and one day, he walked by and saw they were gone.
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Gotham Gazette Opinion: To Achieve Real Financial Accountability, New York City Needs a Public Bank
Gotham Gazette Opinion — Here’s something that might surprise you: Almost all of the $100 billion in revenue New York City will collect this year to pay for schools, buses, and other public services will be deposited in three big banks – JPMorgan Chase, Bank of America, and Citi. That’s because New York State requires…
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Fighting to Reverse New York Courts’ Erosion of People’s Basic Due Process Rights
Over the past two decades, debt buyers—companies that buy old debts for pennies on the dollar—have filed millions of debt collection lawsuits and obtained millions of default judgments, against low-income New Yorkers, mostly those in predominantly Black and brown neighborhoods.
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AM New York: Progressive Pols Press NYC Council to Prioritize Nonprofit Housing Ownership
AM New York — Progressive City Council members have renewed their push for legislation aimed at reducing housing speculation by giving nonprofits and community land trusts priority on purchasing housing that come up for sale.
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NYC Comptroller, Public Advocate, Council Members, Advocates Rally for New Vision for Housing
Ahead of City Council oversight hearing, legislation sponsors, NYC Community Land Initiative, Housing Justice For All, and non-profit affordable housing developers made the case for transformative social housing bills