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public banking
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American Banker: New York City Tightens Eligibility for Banks Holding its Deposits
American Banker — New York City will now require banks that want to hold city deposits to provide detailed plans about what they’re doing to root out discrimination in their lending and employment practices.
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NY State of Politics: Supporters Press for Public Banking Measure in New York
NY State of Politics – Supporters of a measure meant to create public banks in New York state in communities that lack basic financial institutions are making a renewed push this year for plan.
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New Yorkers Rally at Capitol for Public Banking in This Year’s Budget
Albany, NY – Today, dozens of New Yorkers from across the state rallied with legislators at the New York State Capitol Building, urging swift passage of the “New York Public Banking Act” (S1754/A3352) this legislative session.
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City & State NY Opinion: Public Banks Can Help New York Meet its Ambitious Climate Goals
City & State NY Opinion – Last month, New York’s Climate Action Council voted to approve a framework for meeting goals mandated in the state’s landmark 2019 Climate Leadership and Community Protection Act. The plan recommends ambitious policy changes to reduce greenhouse gas emissions by 40% in the next seven years and 85% by 2050.…
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Yes!: How Activists Are Trying to Change the Way Banking Gets Done
Yes! — With $10 trillion in assets at their collective disposal, big banks like Chase and Wells Fargo could do a lot of good. Yet, despite being “too big to fail,” these banks fail people every day. Whether it’s the persistent use of predatory practices, their enduring discrimination, or their insistent investment in exploitative and…
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WBAI: Living for the City
Our Associate Director Andy Morrison spoke with Living for the City’s Michael G. Haskins about the campaign to bring a public bank to New York City.
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Take Action for a New Economy!
Do you want to see public banking and community land trusts thrive in New York City? Send a message to your Council Member urging them to pass the “Community Land Act” and the “People’s Bank Act” today.
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Community Groups, Electeds Award NYC’s “Worst Banks of 2022”
City and State officials, including NYC Public Advocate Jumaane D. Williams, NYS Senator Jabari Brisport, and NYS Assemblymember Yuh-Line Niou, joined community, labor, and cooperative organizations to present “awards” to New York City’s “Worst Banks of 2022.”
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New Analysis Reveals NYC’s Banking Activities Take Massive Hidden Toll on Climate
As this year’s corporate-sponsored “Climate Week NYC” sputters on, New Economy Project and the Public Bank NYC coalition released an analysis estimating that NYC’s financial investments and cash deposits in big banks generate 757 kilotons of greenhouse gas emissions (GHG)* annually. This previously unreported figure would represent the second largest source of GHG emissions by…