FEATURED PRESS
- The Urban Activist – LA’s Next Urban Revolution: A Public Bank
- Common Dreams – Public Banking in a Time of Crisis: How to Rebuild Los Angeles
- U.S. House of Representatives, Office of Congresswoman Rashida Tlaib – Tlaib, Ocasio-Cortez Introduce Public Banking Act
- Los Angeles Times – After years of ups and downs, Los Angeles moves forward on creation of a public bank
- Truthout – The SVB and Signature Bank Crashes Show Why We Need Public Banking
- SEIU California – Governor Newsom Signs First in the Nation Legislation on Universal Access to Free Banking Services
- Los Angeles Times – Free Banking in California? New Bill Tackles Access and Racial Equity
- ABC 7 News – Los Angeles Could be 1st Major U.S. City to Get a Public Bank
- KCET – Los Angeles Unanimously Supports Statewide Public Banking Option
- The Real News Network – California Legalizes Public Banking
- Democracy at Work with Richard Wolff – Public Service v. Private Profit
- Los Angeles Times – Why Los Angeles Should Start a Bank
- Bloomberg – Los Angeles Weighs Bringing Its Wall Street Cash Home
- Huffington Post – What If Banks Were Publicly Owned? In LA, This May Soon Be A Reality
- ABC 7 News – Measure B Would Allow Los Angeles to Create a Public Bank
Visit California Public Banking Alliance for additional coverage and news from the public banking movement.
NEWS ARTICLES
Read our July 2025 Newsletter.
Six LA Councilmembers Back Public Bank Plan with Their Own Funds
The public bank plan is gaining momentum as six City Councilmembers step up by contributing discretionary funds from their own offices. Councilmembers Bob Blumenfield (CD 3) and Curren...
From the Los Angeles Business Journal: As LA seriously considers launching its own public bank, Public Bank LA’s Executive Director, Trinity Tran, said, “This seed money is an important step toward creating a public bank for Los Angeles. It gives the city a way to stop outsourcing control...
“Should Los Angeles establish a public bank?” LAist asked. Councilmember Eunisses Hernandez says yes, and we agree! With deficits growing and federal financial systems prioritizing profit over the public good, LA needs local control over its capital. A public bank lets the City do more with what it has...
Los Angeles Business Journal – July 7, 2025 – By Andrew Asch. Several Los Angeles City Council members put up seed funding to again explore the feasibility of creating a public bank for the city. Four Los Angeles City Council members took a critical step to bolster the campaign to develop...
California’s 2024–25 state budget includes $1 million to move CalAccount into implementation, thanks to a strategic push by Assemblymember Avelino Valencia, Governor Newsom, legislative leaders, and State Treasurer Fiona Ma. This builds on years of groundwork, including the 2021 passage of the California...
Public Banking: Financial Infrastructure for Guaranteed Income and a Just Economy
Tuesday, June 17 | 11:00 AM – 12:00 PM PT | Zoom
Register Online via Zoom
As federal support for climate and infrastructure shrinks, cities are turning to bold tools to build local economic power. Public banking is one...
MSN – Three Los Angeles City Council members introduced a motion Friday to fund a feasibility study for a proposed public bank, which supporters say could generate new revenue for the city without placing new taxes or fees on residents.
Council members Eunisses Hernandez, Ysabel Jurado and Hugo...
On May 30, three LA City Councilmembers, Eunisses Hernandez, Hugo Soto-Martinez, and Ysabel Jurado, took a major step toward building the People’s Bank by each committing $15,000 from their discretionary funds to launch LA’s public bank feasibility study. They held a press conference...
MEDIA ADVISORY
Event Date: Friday, May 30, 2025 9:00AM
Contact:
Chelsea Lucktenberg, 213-733-4143, cd1comms@lacity.org
Councilmembers Hernandez, Soto-Martinez, Jurado and Advocates to Host Press Conference Calling for Public Bank
LOS ANGELES — On Friday, May 30, 2025, Councilmembers Eunisses...
BREAKING: The LA Public Bank is one step closer to becoming a reality — and we need YOU on the steps of City Hall this Friday! Thanks to relentless organizing, Los Angeles is on the verge of making history. Amid budget cuts and economic uncertainty, this marks a bold move toward investing in what matters:...
Read our July 2025 Newsletter.
Six LA Councilmembers Back Public Bank Plan with Their Own Funds
The public bank plan is gaining momentum as six City Councilmembers step up by contributing discretionary funds from their own offices. Councilmembers Bob Blumenfield (CD 3) and Curren...
From the Los Angeles Business Journal: As LA seriously considers launching its own public bank, Public Bank LA’s Executive Director, Trinity Tran, said, “This seed money is an important step toward creating a public bank for Los Angeles. It gives the city a way to stop outsourcing control...
“Should Los Angeles establish a public bank?” LAist asked. Councilmember Eunisses Hernandez says yes, and we agree! With deficits growing and federal financial systems prioritizing profit over the public good, LA needs local control over its capital. A public bank lets the City do more with what it has...
Los Angeles Business Journal – July 7, 2025 – By Andrew Asch. Several Los Angeles City Council members put up seed funding to again explore the feasibility of creating a public bank for the city. Four Los Angeles City Council members took a critical step to bolster the campaign to develop...
California’s 2024–25 state budget includes $1 million to move CalAccount into implementation, thanks to a strategic push by Assemblymember Avelino Valencia, Governor Newsom, legislative leaders, and State Treasurer Fiona Ma. This builds on years of groundwork, including the 2021 passage of the California...