“Redirecting our public funds to a public bank would enable the city to divest from banks that harm New Yorkers, and invest in tenant-owned housing, community land trusts, worker cooperative…
“The city is becoming increasingly harsh for the very constituency the mayor claims to care about: the underserved in the forgotten outreaches of the city’s neighborhoods.”
At a a recent hearing, members of the NYC Banking Commission heard from advocates who described redlining, predatory and discriminatory lending practices, and substantial investments in the fossil fuel industry…
"As tenants who have suffered under aggressive landlords funded by predatory lenders, we urge our lawmakers to support the creation of public banks, mission-driven to provide affordable financing to responsible…
A Council hearing Wednesday discussed three bills and a resolution all looking to increase transparency around where the city does its banking—what advocates say would be the first steps towards…
Proponents of public banks say the city could save on fees and better leverage its savings to pursue its broader policy goals (for economic development, environmental protection and more) if…