CALIFORNIA LEGALIZES PUBLIC BANKING

November 11, 2019

Governor Gavin Newsom signed a bill that lets municipalities sponsor public banks, and Los Angeles’ City Council is creating a proposal for one. David Jette of Public Bank LA says this will help cities and counties invest in affordable housing and renewable energy.

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Public Bank LA is a grassroots initiative working to establish an eco-socially responsible bank in Los Angeles. Our community-led effort aims to redefine banking by prioritizing social impact and environmental sustainability.

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