Los Angeles City Council Authorizes Public Bank Action Plan

From Public Bank Los Angeles: “BREAKING! Back-to-back wins in CA & LA. Los Angeles City Council unanimously approves motion authorizing public bank action plan, the 1st municipal bank in the U.S. #PublicBankLA will reinvest profits in the public interest, putting the power of capital in the hands of the people.The LA public bank will keep […]

Gov. Newsom Signs AB 1177, the California Public Banking Option Act!

From the California Public Banking Alliance, October 4, 2021: HISTORIC! Today Governor Gavin Newsom signed AB 1177, the California Public Banking Option Act, a historic step which sets into motion the creation of the nation’s first public banking option. AB 1177 creates the opportunity to transform our financial services system and to center it on the […]

Support AB 1177, the California Public Banking Option Act

https://bankcalnow.com/faqs Why BankCal? One in two Black and Latino households, and 1 in 4 California households, are currently unbanked or underbanked, meaning that they lack access to basic financial services. The unbanked and underbanked are paying disproportionately more to access the money they earn, lack secure means to save, and have fewer opportunities to build […]