So Much News!

Bernie Sanders calls for a Vermont public bank! *** Philadelphia, already working on a public bank, divests from Wells Fargo: Efforts by Wells Fargo to move beyond its bogus accounts scandal have been set back by the loss of a big government contract. The Philadelphia City Council voted Monday to change handlers of its $2 … Read moreSo Much News!

Great Press from All Over

Public Banking Goes to Pot, from High Country News [Councilmember Rebecca] Kaplan and activists in Oakland are inching toward a potential solution: a city-owned public bank that would service a chunk of California’s $7 billion cannabis industry and support the local economy without having to rely on Wall Street. The idea has recently packed community … Read moreGreat Press from All Over

“Donald Trump Wants to Gut Protections for Bank Customers: Here’s How to Fight Back”

  The title of this post is the headline for a  March 31 Mother Jones article by Meagan Day, much of which is about our work here in Oakland! Leading the push in Oakland are progressive City Council members Rebecca Kaplan and Dan Kalb. [Link is to the East Bay Express article featured in our … Read more“Donald Trump Wants to Gut Protections for Bank Customers: Here’s How to Fight Back”

Oakland Featured in Excellent Public Banking Article

This great graphic from the Washington Public Banking Coalition heads an extensive public banking article by John Lawrence, published in the San Diego Free Press. Alarmed by the corruption and greed of Wall Street, many US cities and states are studying the feasibility of establishing public banks. Public banks are owned by cities, states or … Read moreOakland Featured in Excellent Public Banking Article

Councilmember Kaplan Reports on Oakland Public Banking Forum

Our February 9 Public Banking Forum at Oakland City Hall was a huge success with overflow crowds, great speakers, and lots of audience questions. We’re receiving many requests for more information and how to volunteer. To get involved, click here. Oakland Councilmember At Large Rebecca Kaplan emceed the evening. Here is her post-event wrap-up. *** … Read moreCouncilmember Kaplan Reports on Oakland Public Banking Forum

Elizabeth Warren on Cannabis and Banking

s.e. smith has a fine article at Truthout about Senator Elizabeth Warren’s support for cannabis access to banks: If the question of whether your friendly neighborhood cannabis cooperative can access the bank doesn’t seem pressing to you, consider this: In 2016, the industry pushed $7 billion in sales — and much of that money was processed … Read moreElizabeth Warren on Cannabis and Banking

Vermont Introduces Public Bank Legislation!

State Representative Brian Cina and State Senator Anthony Pollina have introduced a public banking bill in Vermont’s state legislature  that is being submitted to the legislature to create a commission to establish a statewide public bank in Vermont. The bill would establish a commission “charged with designing a results-based public banking model.”