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What an exciting year for LA’s public banking movement. We’re proud of what we’ve accomplished and grateful for the work of our community supporters and partners who kept pushing, even through a challenging year for our city and nation. From the fires to ICE raids and a volatile federal landscape, we’re so moved by your commitment in the face of adversity and proud to have you standing by our side. Enjoy the latest updates on our recent work and accomplishments. We’ll see you all in the new year! Support for the public bank is growing at Los Angeles City Hall. Nine LA City Councilmembers have now committed their discretionary dollars to fund the Public Bank feasibility study, ensuring this work continues at full speed. Spectrum News covered this milestone in “Momentum Grows as LA Moves to Create Public Bank.” Watch the short excerpt from the segment here. As Councilmember Hugo Soto-Martínez put it: “Our taxpayer dollars are paying for these projects and at the same time, [could...

Watch the excerpt of the new clip here. Watch the full clip on Spectrum News. Spectrum News captured a major milestone in the movement for an LA public bank: nine Los Angeles City Councilmembers have now committed their own discretionary dollars to fund the Public Bank feasibility study, ensuring this work continues at full speed. As Councilmember Hugo Soto-Martínez put it, “Our taxpayer dollars are paying for these projects and at the same time, saving hundreds of millions of dollars that we currently pay in interest to Wall Street banks.”Trinity Tran grounds it in the long view: “This bank will start small and will lend conservatively, and it will grow as loans are repaid and interest supports the bank. But that is exactly what the feasibility study will lay out.”

The LA County Democratic Party (LACDP), representing over 3 million registered Democrats, has officially endorsed the LA public bank  — the Municipal Bank of Los Angeles. Special thanks to the Culver City Democratic Club for championing the resolution. In its adopted measure, LACDP supports a nonprofit, city-owned, tax-exempt public bank designed to: Manage and deploy the City’s funds Partner with mission-aligned local lenders Finance affordable housing, green infrastructure, and community resilience All with one goal: keeping public dollars circulating in our neighborhoods rather than leaving Los Angeles.

As federal funding disappears, communities across the country are taking control of their public dollars by creating public banks that serve local needs. Join us for a landmark national discussion  featuring Senator Elizabeth Warren and leading voices in the public banking movement. Wednesday, November 19, 202512 PM PT / 3 PM ETRegister: bit.ly/PBC2C Panelists:Trinity Tran, Executive Director, California Public Banking Alliance and Public Bank LADr. Terri Friedline, Associate Professor, University of MichiganDeyanira Del Río, Executive Director, New Economy CoalitionRei Fielder, Steering Committee, Massachusetts Public BankingLinda Levy, Board Member and former CEO of Lower East Side People’s Federal Credit Union Moderated by David Cobb, Special Advisor, The Democracy Collaborative Attendees are invited to submit questions for the panelists when registering via Zoom. Sponsored byCalifornia Public Banking Alliance · Massachusetts Public Banking · New Economy Project · Public Bank...

Big news! Councilmembers Imelda Padilla and Heather Hutt just stepped up with discretionary funds to support the LA public bank plan. With 9 Councilmembers on board, a majority now supports the public bank plan. This growing support signals real momentum behind a plan to cut borrowing costs, reduce Wall Street fees, and reinvest public dollars into affordable housing, small businesses, and climate-ready infrastructure. Huge thanks to the Council champions who’ve helped move this forward: Eunisses Hernandez, Bob Blumenfield, Nithya Raman, Marqueece Harris-Dawson, Curren Price, Hugo Soto-Martínez, and Ysabel Jurado. The motion passed the Government Operations Committee (Sept 5, 2025) and Budget & Finance Committee (Oct 7, 2025) — all eyes are now on the full Council vote. We need the remaining Council offices to step up and contribute their discretionary funds — and we need the Council President to agendize the vote. 👉 Send a one-click email now to urge Council action. Let’s get...