September
2020
29
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.
September
2020
23
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.
August
2020
3
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.
July
2020
16
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.
June
2020
25
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.
June
2020
11
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.
May
2020
8
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 featured presentations by NYC-based movement leaders and guest Kali Akuno of Cooperation Jackson.
March
2020
12
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.
February
2020
25
This bill creates a safe and appropriate regulatory framework for local governments seeking to establish public banks. Public banks are financial institutions created by government entities, and accountable to the people. Through public banking, cities and counties can manage their own revenues and leverage those funds to support local economic development, including affordable housing, green jobs, equitable financial services, and more.
February
2020
11
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.