UPDATES

FEATURED PRESS

  1. The Urban Activist – LA’s Next Urban Revolution: A Public Bank
  2. Common Dreams – Public Banking in a Time of Crisis: How to Rebuild Los Angeles
  3. U.S. House of Representatives, Office of Congresswoman Rashida Tlaib – Tlaib, Ocasio-Cortez Introduce Public Banking Act
  4. Los Angeles Times – After years of ups and downs, Los Angeles moves forward on creation of a public bank
  5. Truthout – The SVB and Signature Bank Crashes Show Why We Need Public Banking
  6. SEIU California – Governor Newsom Signs First in the Nation Legislation on Universal Access to Free Banking Services
  7. Los Angeles Times – Free Banking in California? New Bill Tackles Access and Racial Equity
  8. ABC 7 News – Los Angeles Could be 1st Major U.S. City to Get a Public Bank
  9. KCET – Los Angeles Unanimously Supports Statewide Public Banking Option
  10. The Real News Network – California Legalizes Public Banking
  11. Democracy at Work with Richard Wolff – Public Service v. Private Profit
  12. Los Angeles Times – Why Los Angeles Should Start a Bank
  13. Bloomberg – Los Angeles Weighs Bringing Its Wall Street Cash Home
  14. Huffington Post – What If Banks Were Publicly Owned? In LA, This May Soon Be A Reality
  15. 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

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A PUBLIC BANK FOR LOS ANGELES: AN OPPORTUNITY TO INVEST IN IMMIGRANT COMMUNITIES

Luz Castro with Inclusive Action for the City and Public Bank LA’s Trinity Tran co-wrote an article on how a public bank in Los Angeles can help with investments and opportunities for LA’s immigrant communities. Hi there, we’re so glad you’re here! Through the Public Bank Los Angeles coalition,...
Read More
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TED FILMS: WHO CONTROLS YOUR CITY'S MONEY

Who controls your city’s money? Trinity Tran, 2026 TED Fellows and Executive Director of Public Bank LA and California Public Banking Alliance, shows how cities could stop sending their money to Wall Street and start investing it back home. In just 5 minutes, she breaks down how public banks work...
Read More
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CALIFORNIA STATE BANK ACT (AB 2243) PASSES TWO ASSEMBLY COMMITTEES!

Assemblymember Matt Haney led two back-to-back hearings on the California State Bank. In the Assembly Banking Committee, he was joined by our expert witnesses, including Jennifer Finger of the California Public Banking Alliance, who testified in support of AB 2243. A retired banker with...
Read More
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LESSONS FROM FIGHTS FOR PUBLIC CONTROL OF BANKING AND BROADBAND INFRASTRUCTURE

Corporate monopolies don’t just control what we buy — they control the infrastructure that connects and sustains our communities. But people are fighting back. We’re thrilled to be part of “The Corporate Power of It All,” a special edition from Liberation in a Generation and The Forge. In the conversation,...
Read More
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HOW PUBLIC BANKS CAN MEET PUBLIC NEEDS

Steve Dubbs with Shelterforce interviews Public Bank LA’s Trinity Tran and Dan Pelegero. As federal funding streams face cuts, the idea of public banks is gaining ground as a tool for states and localities to finance community development. Trinity and Dan are part of a national conversation in...
Read More
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ON THE GROUND IN LA + STATEWIDE!

Angelenos Turn Out for Public Banking We’re so excited about the turnout for our Los Angeles public banking listening session at Mercado La Paloma. Community members spoke about the barriers they face accessing capital and how a city-owned public bank could help close gaps in affordable housing,...
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PUBLIC BANK LA COALITION JOINS CD1 BUDGET KICK-OFF PRESSER!

LA budget season is here, and the Public Bank LA coalition showed up at the UCLA Worker Center Councilmember Eunisses Hernandez, Los Angeles Controller Kenneth Mejia, and community leaders from BLM, RepresentLA, LA Forward, IDEPSCA, to demand a 2026 City budget that matches the people’s priorities, including...
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COUNCILMEMBER HERNANDEZ, CITY CONTROLLER MEJIA, AND ADVOCACY ORGANIZATIONS TO UNVEIL 2026 BUDGET PRIORITIES

MEDIA ADVISORY Event Date: Thursday, February 5, 2026, 10:00 A.M. Contact: Naomi Roochnik, cd1comms@lacity.org Councilmember Hernandez, City Controller Mejia, and Advocacy Organizations to Unveil 2026 Budget Priorities LOS ANGELES — As Los Angeles approaches a crucial budget season,...
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2025 SEES AMAZING PROGRESS FOR THE LA PUBLIC BANK + DECEMBER UPDATE

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...
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SPECTRUM NEWS: MOMENTUM GROWS AS LA MOVES TO CREATE PUBLIC BANK

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...
Read More
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A PUBLIC BANK FOR LOS ANGELES: AN OPPORTUNITY TO INVEST IN IMMIGRANT COMMUNITIES
Luz Castro with Inclusive Action for the City and Public Bank LA’s Trinity Tran co-wrote an article on how a public bank in Los Angeles can help with investments and opportunities for LA’s immigrant communities. Hi there, we’re so glad you’re here! Through the Public Bank Los Angeles coalition,...
Read More
Screen-Shot-2026-09-14-at-1.12
TED FILMS: WHO CONTROLS YOUR CITY'S MONEY
Who controls your city’s money? Trinity Tran, 2026 TED Fellows and Executive Director of Public Bank LA and California Public Banking Alliance, shows how cities could stop sending their money to Wall Street and start investing it back home. In just 5 minutes, she breaks down how public banks work...
Read More
682854211_18083821520576012_7945881866940942582_n
CALIFORNIA STATE BANK ACT (AB 2243) PASSES TWO ASSEMBLY COMMITTEES!
Assemblymember Matt Haney led two back-to-back hearings on the California State Bank. In the Assembly Banking Committee, he was joined by our expert witnesses, including Jennifer Finger of the California Public Banking Alliance, who testified in support of AB 2243. A retired banker with...
Read More
Episode-04_Illustration-B_alternatives-are-possible-1280x720
LESSONS FROM FIGHTS FOR PUBLIC CONTROL OF BANKING AND BROADBAND INFRASTRUCTURE
Corporate monopolies don’t just control what we buy — they control the infrastructure that connects and sustains our communities. But people are fighting back. We’re thrilled to be part of “The Corporate Power of It All,” a special edition from Liberation in a Generation and The Forge. In the conversation,...
Read More
unnamed-5
HOW PUBLIC BANKS CAN MEET PUBLIC NEEDS
Steve Dubbs with Shelterforce interviews Public Bank LA’s Trinity Tran and Dan Pelegero. As federal funding streams face cuts, the idea of public banks is gaining ground as a tool for states and localities to finance community development. Trinity and Dan are part of a national conversation in...
Read More
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