Public Banking Efforts Are Gaining Momentum And Clarity In California

California cities, from Los Angeles to San Francisco to the East Bay, are moving full steam ahead on public banking! LA recently approved funding for Phase 1 to plan and implement Public Bank Los Angeles, SF Public Bank is working to fund a Municipal Finance Corporation that will scale up to a public bank, and Public Bank East Bay is making moves on a business plan for a regional public bank. California leads the way in the movement to reclaim public funds from Wall Street banks and reinvest them in local communities.

Read the article on Next City.