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public banking
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City Limits: Council Bills Could Pave the Way for a Public Bank in NYC
City Limits — The City Council is considering measures that would scrutinize the city’s relationship with corporate banks and other financial entities—disclosures that could pave the pathway to creating a municipal public bank in the future.
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Local Electeds, Groups, Call for Public Bank to Strengthen NYC Neighborhoods, Advance Racial and Economic Justice in Wake of Pandemic
Today, a citywide coalition of labor and community groups and community-based financial institutions joined with NYS Senators, Public Advocate Jumaane D. Williams, and NYC Council Members to call for the creation of a public bank in NYC.
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News Release: NYC and Rochester Council Members Join 55 Groups in Urging Albany to Support Public Banks
Fifteen Members of the NYC Council delivered a letter last week urging the NYS Legislature to pass the New York Public Banking Act (S.5565-C/A.9665-D), a groundbreaking bill that creates a pathway for New York cities, counties and regions to form public banks—financial institutions established by local governments and chartered to serve the public interest.
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(Archive) Tell Albany to Pass the NY Public Banking Act
Even before COVID-19 gripped our communities, New York faced extreme racial and economic inequality. Now, against the backdrop of a pandemic that has further devastated low-income and Black and brown communities, the New York State Legislature is preparing to reconvene next week, for what could be the last time this year.
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City Limits: Will New York Launch a Public Bank?
City Limits — Now is the time to create a public banking system as the city prepares for deep budget cuts amid an inequitable economic crisis stemming from the Coronavirus pandemic, advocates testified Wednesday.
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From Immediate Relief to Transformative Change: Stopping Predatory Debt Collection During the Pandemic and Beyond
Systematic wealth extraction from communities of color hasn’t stopped for the public health crisis caused by COVID-19—and it won’t stop unless we transform our economy.
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1,000+ New Yorkers Gather for Urgent Town Hall Calling for Public Banking to Ensure a Just COVID-19 Recovery
New York, NY – Yesterday, a broad coalition of community, labor, cooperative, environmental and economic justice groups convened a virtual town hall highlighting public banking as an essential strategy for ensuring a just COVID-19 recovery. The timely event, entitled “From Crisis to Recovery: NY’s Fight for Public Banking,” engaged more than 1,000 New Yorkers and…
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Daily News: Southeast Queens, Hungry for Opportunity: The Predominantly Black Middle-Class Swath of the City Can’t Get Banking Services
Daily News — Families and businesses in southeast Queens are being shunned by the banking system, possibly in violation of federal law. And that makes Rep. Gregory Meeks furious.
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The Capitol Pressroom: Ending NY’s “banking deserts”
How will the state help address “public deserts”? Deyanira Del Río, Co-Director of the New Economy Project, and Andy Morrison, Campaigns Director for the New Economy Project, discussed the push for public banks.
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Next City: Who’s Afraid of Public Banking in New York?
Next City — It’s a sunny August Saturday in Far Rockaway, and New York State Senator James Sanders Jr. could hardly be more in his element. He’s riding high, not only on his parade float leading the 3rd Annual Carnival in the Rockaways, but also in his relatively new position as chair of the NY…