Press coverage from our CalAccount briefing on the release of the HR&A Report “The Case for CalAccount,” highlighting its economic impact. Saving Californians $3.1 billion annually in fees, CalAccount could inject nearly $5 billion yearly into the economy, creating jobs and addressing banking access disparities for Black and low-income households in urban and rural areas.
Read and download the report here.
CalAccount in LAist: Californians face hurdles like account minimums, overdraft fees and ID requirements when opening bank accounts. That’s why CA is considering CalAccount, a no-cost, state-managed banking platform free from fees and penalties, aiding the unhoused and ID-less.
KPFA covers CalAccount: 20% of California households cannot access basic financial services such as basic savings, checking accounts, and debit cards. CalAccount can save Californians $3.5 billion per year.
KPFA: https://kpfa.org/episode/the-pacifica-evening-news-weekdays-june-26-2024/
Listen here:
https://kpfa.org/wp-content/uploads/2024/06/IQBAL.mp3
Watch our webinar on the California Public Banking Alliance’s YouTube page: https://youtu.be/qKncSXqmZLU?feature=shared
