Our Latest Press

California Public Banking Alliance sees its momentum continuing

California Public Banking Alliance sees its momentum continuing

Public Banking Institute – Although LA’s Measure B did not pass, the effort generated massive awareness and support in a few brief months. The California Public Banking Alliance is now using that momentum in their work toward statewide legislation that will enable cities and regions to establish public banks. Public Bank LA, part of CPBA, […]

Public Banking Proponents See Victory in Outcome of Measure B Vote

Public Banking Proponents See Victory in Outcome of Measure B Vote

FOR IMMEDIATE RELEASE November 21, 2018 Media Contact Sylvia Chi info@calpba.org 415-946-4002 Public Banking Proponents See Victory in Outcome of Measure B Vote (Los Angeles) Although Measure B, which proposed amending the Los Angeles City Charter to authorize the city to establish a municipal financial institution, was defeated on November 6, public banking advocates, united […]

The Campaign for Public Banks, From Coast to Coast

The Campaign for Public Banks, From Coast to Coast

The Next System Project – This week on the Next System Podcast David Jette from Public Bank LA and Juleon Robinson from the New Economy Project, a member of Public Bank NYC, a broad-based coalition of community, worker rights, economic justice, and environmental groups to sit down to discuss the transformative potential of public banks. […]

BANKING ON THE FUTURE OF LOS ANGELES: WHY WE NEED CHARTER AMENDMENT B

BANKING ON THE FUTURE OF LOS ANGELES: WHY WE NEED CHARTER AMENDMENT B

Occupy – By Trinity Tran and Chris Roth. Leading the nation on progressive policies is what we do as Angelenos. From setting the boldest mass transit and electric vehicle targets in the nation to divesting the city’s funds from Wells Fargo, Los Angeles is not only the tip of the spear of the West Coast […]

Why Los Angeles should start a public bank

Why Los Angeles should start a public bank

Los Angeles Times – By Harold Meyerson. With all that’s at stake in the midterm elections, Los Angeles voters would be forgiven for overlooking Charter Amendment B, a referendum that would amend the city charter to conform with an ordinance the City Council enacted earlier this year. But Charter Amendment B is no municipal snoozer. […]

What If Banks Were Publicly Owned? In LA, This May Soon Be A Reality.

What If Banks Were Publicly Owned? In LA, This May Soon Be A Reality.

Huffington Post – By David Dayen. Voters will decide in November whether to take city money out of the hands of big banks. Trinity Tran is a powerful speaker. Addressing a rally in downtown Los Angeles for New York congressional nominee Alexandria Ocasio-Cortez, the 33-year-old activist and organizer thundered, “We are witnessing the emergence of […]

California Democratic Party Passes Public Banking Resolution

California Democratic Party Passes Public Banking Resolution

Medium – By Ben Hauck. On July 15th 2018, the California Democratic Party (CDP) passed a resolution supporting socially and environmentally responsible, state-chartered public banks. The state party resolution is a significant milestone for the public banking movement, as the CDP represents over 8.7 million registered Democrats. The resolution was originally presented by Feel the […]

A Public Bank for Los Angeles? City Council Puts It to the Voters.

A Public Bank for Los Angeles? City Council Puts It to the Voters.

Truthout – By Ellen Brown. Cities and states are seeking ways to better leverage taxpayer dollars and reinvest them in the needs of local communities. Voters in Los Angeles will be the first in the country to weigh in on a public banking mandate, after the City Council agreed on June 29th to put a […]

Public Banking Will Be on the Ballot in L.A. this Fall

Public Banking Will Be on the Ballot in L.A. this Fall

Next City – By Alejandra Molina. The Los Angeles City Council is moving forward with a proposed ballot measure that would ask voters this fall whether they want to create a publicly owned bank. In a unanimous vote, council members on Tuesday, June 26, gave the go-ahead to begin the process of adding a measure […]

Public Banking: The End Goal of the Divestment Movement

Public Banking: The End Goal of the Divestment Movement

LA Progressive – By Phoenix Goodman. Something big is starting to happen in the world of activism. Grassroots campaigns are beginning to coalesce into coherent, focused missions with definable outcomes. The Divest campaign is a classic example of how the People can have a tangible effect on society by speaking the language of the dominating […]