.Next City details how a Rochester public bank would be an essential partner for local credit unions & other responsible lenders serving redlined communities. Sen. Stewart-Cousins Carl E. Heastie: bring public banking to NY! nextcity.org/urbanist-news/…

A public bank in Rochester would tackle the city's profound inequities by partnering with existing financial institutions to expand affordable financial services in low-income and Black & brown neighborhoods. Sen. Stewart-Cousins Carl E. Heastie, let's get it done! Harry B. Bronson on📺:

In the last days of session, New York Bankers Association—Wall Street's favorite lobbyist—is in a panic, running a single-issue campaign to kill the Bank of Rochester Act. Don’t let them win. Tell your state representatives to stand with the people, not the big banks: neweconomynyc.ourpowerbase.net/civicrm/petiti…

🚨Our analysis of mortgage data in Monroe County: For every $1 loaned in white communities, only a nickel was loaned in communities of color. This is unacceptable and demands immediate action. @andreascousins @carlheastie pass the Bank of Rochester Act! equityagendany.org/data-analysis-…

📢Shout out to the leading good government & labor groups endorsing the Bank of Rochester Act! Instead of wasting billions on corporate subsidies, let's invest in real economic development that strengthens low-income communities and communities of color. neweconomynyc.org/2024/06/leadin…

Labor unions & watchdog groups are endorsing a plan for a Rochester public bank, calling it a responsible economic development strategy, says POLITICO New York Nick Reisman It would establish the 1st US public bank launched since the 1919 founding of the thriving Bank of North Dakota!

In Monroe County, 20% of the population lives in a majority-POC community, but POC communities get 5% of the mortgage loans. Wall Street got us here. A People's Bank can help us get out. Sen. Stewart-Cousins Carl E. Heastie, pass the Bank of Rochester Act! neweconomynyc.org/2024/06/data-a…

🤔nysfocus.com/2024/06/06/sen…

"The NYS Community Equity Agenda coalition released a stunning analysis of mortgage data in Monroe County...In 2022 banks in Monroe County loaned would-be home buyers five cents in communities of color for every dollar loaned in white communities." WATCH: whec.com/top-news/consu…

This stellar article reveals two truths about modern financial regulation: Wall St inevitably exploits loopholes for predatory schemes, and states lack the power to effectively stop them. That’s why we’re building a just local financial system centered on public banks and CDFIs.

For-profit banks claim they do enough to serve communities of color. This assertion is flatly rejected by our study's findings. WATCH to see what our study exposed, and hear Melissa M of Genesee Co-op FCU describe how a public bank would be transformative for communities of color.

Nice try, Chase. But you can't paint murals over 90 years of redlining.

Big banks are again funneling billions into stock buybacks. In other words, they're buying their own shares to boost stock prices. Apparently, their idea of reinvestment means padding their own pockets rather than supporting communities. Public banks now! bankingdive.com/news/jpmorgan-…

It's been a blast breaking bread & planning strategy with the incredible members of our cross-borough, cross-issue coalition! We are environmental activists, tenant organizers, worker cooperative owners & advocates for racial justice - and we're ready to win an NYC #publicbank!

The movement for public banking has been years in the making. Now one of the first public banks since the progressive-era Bank of North Dakota is sprouting up in Rochester, New York. Yunior Rivas Garcia has the story. prospect.org/economy/2024-0…

Could Rochester, New York set a precedent for public banking across the country by helping to address systemic economic disparities in lower-income neighborhoods? prospect.org/economy/2024-0…

Public banking "has garnered support from Rochester Mayor Malik Evans, who spent over 20 years working in both a private bank and a credit union supporting small businesses and community development projects in the city." Wouldn't it be nice if NYC had leadership like that? 🤔