March
2023
20
Today, New York State legislators joined community and labor groups from across the state in calling on Albany to enact the New York Public Banking Act (S1754/A3352), which as of late last week has been co-sponsored by a majority of the NYS Senate.
March
2023
17
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.
February
2023
7
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.
December
2022
2
New Economy Project Founder and Co-Director Sarah Ludwig speaks with Susan Arbetter about the NYS Community Equity Agenda’s 2023 Policy Platform
April
2022
18
Today, 82 local elected officials from 19 cities and counties across New York State delivered a letter to Governor Hochul, Senate Majority Leader Stewart-Cousins, and Assembly Speaker Heastie, urging enactment of the “New York Public Banking Act” (S1762A/A5782) before the end of this year’s legislative session in early June.
April
2022
18
Spectrum News — A bill that would enable the creation of public banks in New York has won the backing of dozens of local elected officials in 19 cities.
February
2022
16
As low-income communities and communities of color across the state continue to reel from the economic devastation caused by COVID-19, this year’s budget presents an historic opportunity to make bold investments that will drive equitable local economic development for years, and even decades, to come. We urge both houses of the Legislature to allocate $100 million for the NYS CDFI Fund and $100 million in matching funds to help local governments capitalize public banks, and to adopt, as part of the budget, the NY Public Banking Act (S1762A/A8290), which creates a safe and appropriate regulatory framework for local public banks in New York.
January
2022
19
With yesterday’s Executive Budget proposal, Governor Hochul had the opportunity to present a bold community economic development agenda that addresses long-standing racial and economic inequality that the pandemic has exacerbated. Unfortunately, with few exceptions, this budget proposal offers more of the same.
November
2021
18
This afternoon the NYS Community Equity Agenda, a coalition of more than 40 community, labor, and civil rights groups, cooperative organizations, and community development financial institutions from across New York, released its policy priorities for 2022.
June
2021
9
Newsday — Banks have charged Long Islanders an estimated $120 million in overdraft, ATM and maintenance fees since the start of the pandemic, compounding the economic hardships experienced by low-income residents, according to a report issued by a coalition of progressive groups Wednesday.