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Public Bank LA @publicbankla.bsky.social · 2d

BIG NEWS! LA City Councilmembers Imelda Padilla and Heather Hutt committed discretionary dollars to the LA Public Bank plan. They join 7 colleagues backing work to cut borrowing costs, reduce fees, and invest in housing, small biz & climate infrastructure. 🏦🌱

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Public Bank LA @publicbankla.bsky.social · 7d

Unanimous! The public bank motion cleared the Budget & Finance Committee.Thanks to Chair Yaroslavsky, Members Hernandez, Blumenfield, Hutt & CM McOsker. With budget pressures rising, a public bank can cut borrowing costs, keep dollars local & add new revenue tools. 🏦♻️

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Reposted by Public Bank LA

Los Angeles Neighborhood Council Sustainability Alliance @lancsa.bsky.social · 13d

Please join us Sunday, October 12 for a conversation with @publicbankla.bsky.social about how a public bank in LA could help us become a more sustainable city. Learn more and RSVP at www.ncsa.la/public_bank_.... #PublicBank

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Public Bank LA @publicbankla.bsky.social · 23d

What if LA’s money worked for LA? 💰At Destination Crenshaw’s panel, PBLA’s Dan Pelegero joined Jason Foster, Oscar Perry Abello & Self Help Credit Union to discuss how a public bank could keep dollars local supporting housing, anti-displacement & rebuilding after disasters.

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Public Bank LA @publicbankla.bsky.social · Sep 15

Big wins for LA. Read our latest! The Public Bank motion cleared committee + 7 councilmembers including Council President Harris-Dawson, are now putting funds behind it!

We just dropped our new State Bank brief & join our talk at Destination Crenshaw! 🏦✊
mailchi.mp/fe93a70d3a8e...

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Public Bank LA @publicbankla.bsky.social · Sep 9

Los Angeles City Council President Harris-Dawson joined six colleagues to fund LA’s Public Bank Plan.👏 We need real solutions on the table to cut borrowing costs & Wall St fees; invest in affordable housing. Let’s put millions back to work for LA communities. 🏦♻️🏡

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Public Bank LA @publicbankla.bsky.social · Sep 8

Over 1,750 letters sent! actionnetwork.org/letters/publ...

Send a one-click letter via our Action Network campaign. Let’s keep the pressure up and get the LA public bank plan across the finish line!

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Public Bank LA @publicbankla.bsky.social · Sep 6

🚨The Public Bank motion PASSED in the Government Operations Committee chaired by Councilmember Padilla w/ CMs Jurado & Lee! Next stop: Budget & Finance. Big thanks to champions & coalition partners. 🏦 #ProfitForThePeople

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Reposted by Public Bank LA

California Public Banking Alliance @capublicbanking.bsky.social · Sep 2

🚨 California Needs a State Public Bank!

Federal cuts are slashing housing, climate & small biz programs. Nearly 40M Californians impacted! A State Bank keeps our money working in CA, lowering costs, protecting funds & expanding credit. Read our latest: bit.ly/CApublicbank

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Public Bank LA @publicbankla.bsky.social · Aug 20

Coalition leaders @acceaction.bsky.social & allies at City Hall urging Councilmembers Yaroslavsky & Padilla: agendize the public bank motion and direct CAO to close the funding gap. Every week of delay is capital our communities don’t see--keep LA dollars here for housing, small biz, clean energy.

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Public Bank LA @publicbankla.bsky.social · Aug 1

Six LA City Councilmembers kickstart the Public Bank plan with their own funds! Thank you for leading the way Councilmembers Hernandez (CD1), Blumenfield (CD3), Raman (CD4), Price (CD9), Soto-Martinez (CD13) & Jurado (CD14). 🏦🌱

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Public Bank LA @publicbankla.bsky.social · Jul 9

The century-old Bank of North Dakota is rated A+/Stable by S&P, delivered 18% returns last year, and remains safer than Wall Street banks with strong reserves and local partnerships with CDFI's, community banks & credit unions.

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Public Bank LA @publicbankla.bsky.social · Jul 9

Bank lobbyists are spreading misinformation. LA has never had a real bank. The old LA Community Development Bank was a private-sector loan fund, not a bank. It wasn't chartered, unregulated & didn’t take deposits. A public bank would be regulated & accountable to LA communities.

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Public Bank LA @publicbankla.bsky.social · Jul 8

Should LA start a public bank? Councilmember Eunisses Hernandez says yes & we agree! A public bank means local control, no new taxes, and real investment in housing, small biz & green jobs. It's time our money worked for Angelenos, not Wall Street shareholders.

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Public Bank LA @publicbankla.bsky.social · Jul 7

Backed by four council offices, the public bank plan will explore how the city can cut Wall Street fees, lower borrowing costs & invest in community needs. With $1.4B in annual debt costs, it's time!
labusinessjournal.com/finance/lead...

Leaders Take Another Stab at Public Banking - Los Angeles Business Journal

Four Los Angeles City Council members took a critical step to bolster the campaign to develop the city’s first public bank. Councilman Curren Price Jr., a

labusinessjournal.com

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Reposted by Public Bank LA

Brett "Solidarity 2025" Banditelli @banditelli.org · Jul 3

WHO WANTS SOME GOOD LEGISLATIVE NEWS!!! 😭 😭

California Public Banking Alliance @capublicbanking.bsky.social · Jul 2

🚨BREAKING: California State Budget includes $1M for CalAccount! The Legislature will move forward with implementing a first-in-the-nation fee-free public banking option for millions of unbanked & underbanked Californians.

seiuca.org/press-releas...

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Reposted by Public Bank LA

California Public Banking Alliance @capublicbanking.bsky.social · Jul 2

🚨BREAKING: California State Budget includes $1M for CalAccount! The Legislature will move forward with implementing a first-in-the-nation fee-free public banking option for millions of unbanked & underbanked Californians.

seiuca.org/press-releas...

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Public Bank LA @publicbankla.bsky.social · Jun 27

Big day at LA City Hall! @acceaction.bsky.social, SAJE, KIWA, Movement Legal, Inquilinos Unidos pushed the Council to fully fund the Public Bank plan. It's time to build a city that invests in us! 🏡🏦

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Public Bank LA @publicbankla.bsky.social · Jun 19

Signal boost to save CalAccount!

California Public Banking Alliance @capublicbanking.bsky.social · Jun 19

URGENT: Tell Gov. Newsom + Senate Budget Leaders to fund CalAccount—CA’s zero-fee public banking option.

Families lose $4.5B/yr to junk fees. That money should go to rent, food, bills—not bank profits. Take action now: capublicbanking.com/send-a-lette...

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Public Bank LA @publicbankla.bsky.social · Jun 11

CALL TO ACTION: Tell LA City Committees — Fully fund the Public Bank Plan! CMs Hernandez, Jurado & Soto-Martinez put up their own funds. Now Budget & Finance + Gov Ops must agendize & pass the motion.

Over 1,000 letters sent, keep the momentum going! bit.ly/pblaletter

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Reposted by Public Bank LA

California Fast Food Workers Union @cafastfoodunion.org · Jun 9

This is the spirit of Los Angeles.

This is California.

Don't let anyone tell you otherwise.

#FreeDavidEndRaids

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Reposted by Public Bank LA

Institute on Race, Power and Political Economy @racepowerpolicy.org · Jun 5

Join us on June 17 at 2PM ET to explore how #PublicBanks can power #GuaranteedIncome and a just economy!

Feat. Rep. Rashida Tlaib, @terrifriedline.bsky.social, @amycastro.bsky.social, @trinitytran.bsky.social, @grahamsteele.bsky.social & @darrickhamilton.bsky.social

RSVP: bit.ly/PublicBankingandGI

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Reposted by Public Bank LA

⚡️ 지영 ⚡️ @jiyoung213.bsky.social · Jun 6

this is why we need public banks and social housing. @publicbankla.bsky.social is in the works!

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Public Bank LA @publicbankla.bsky.social · Jun 4

Luz Castro, Associate Director of Policy of Inclusive Action for the City: a public bank in L.A. is a “powerful opportunity to support small businesses and entrepreneurs.” Castro said it could help “boost access to affordable credit and capital in the communities that need it most.”

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Public Bank LA @publicbankla.bsky.social · Jun 4

"Creating a public bank would be a bold step toward reinvesting our public dollars directly into our communities. Tough economic times give us an opportunity to look at ways we can uplift sustainable local economies.” -Councilmember Ysabel Jurado
laist.com/news/politic...

Should LA have its own public bank? Jurado and other councilmembers want to find out

With a $15,000 pledge, Jurado joins two fellow councilmembers in backing a study on whether L.A. can create a bank to serve its own residents.

laist.com

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