March
2023
3
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.
March
2023
2
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.
March
2023
1
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 local governments to put our public funds in banks, essentially handing Wall Street a lucrative monopoly that it has lobbied to uphold for more than a century.
February
2023
15
New York’s 2023 legislative session is underway, and New Economy Project is working with groups statewide to advance a bold policy agenda that builds wealth and power in Black, brown, and immigrant communities.
February
2023
10
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.
February
2023
8
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.
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.
January
2023
11
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. Now, it’s up to Gov. Hochul, the Legislature, and state agencies to implement the plan.
November
2022
10
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 extractive industries, these formidable financial institutions have a corrosive influence on our country.
November
2022
2
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.