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
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...
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...
NCSA’s Lisa Hart facilitates a Zoom presentation and discussion with Public Bank LA’s FInance Director Dan Pelegero. Watch the recording on YouTube: Dan Pelegero, finance director of Public Bank LA, joined us for a conversation about how public banks work, how one here could help fund efforts...
What if LA’s money worked for LA? At Destination Crenshaw‘s panel, Public Bank LA’s Finance Director Dan Pelegero and Destination Crenshaw’s Executive Director Jason Foster joined Anna Maria Cruz of Self-Help Credit Union and Oscar Perry Abello, journalist and author of “The Banks We Deserve.”
Who...
Big wins for LA. Read our latest newsletter! The Public Bank motion cleared committee, and 7 councilmembers including Council President Harris-Dawson, are now putting funds behind it!
We just dropped our new State Bank brief, and later this month we’re at Destination Crenshaw for a community talk on...
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...
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...
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...
NCSA’s Lisa Hart facilitates a Zoom presentation and discussion with Public Bank LA’s FInance Director Dan Pelegero. Watch the recording on YouTube: Dan Pelegero, finance director of Public Bank LA, joined us for a conversation about how public banks work, how one here could help fund efforts...
What if LA’s money worked for LA? At Destination Crenshaw‘s panel, Public Bank LA’s Finance Director Dan Pelegero and Destination Crenshaw’s Executive Director Jason Foster joined Anna Maria Cruz of Self-Help Credit Union and Oscar Perry Abello, journalist and author of “The Banks We Deserve.”
Who...
Big wins for LA. Read our latest newsletter! The Public Bank motion cleared committee, and 7 councilmembers including Council President Harris-Dawson, are now putting funds behind it!
We just dropped our new State Bank brief, and later this month we’re at Destination Crenshaw for a community talk on...