Data Sharing Pilot Strengthens Marketplace for Unbanked
There’s a clear business case for offering Bank On-certified accounts as a way for financial institutions to both serve the unbanked and grow their banks.
Browsing: Public banks
Nichols Op-Ed: California Public Banks Would Be ‘Solution in Search of a Problem’
In a San Francisco Chronicle op-ed today, ABA President and CEO Rob Nichols warned that California’s municipalities should avoid chartering new public banks under recently enacted state law A.B. 857.
California Enacts Bill Allowing Local Governments to Charter Banks
California Gov. Gavin Newsom yesterday signed A.B. 857, a bill that provides a pathway for local government entities in the state to charter public banks.
The Bank in the Background
As it marks its centennial, North Dakota’s public bank does its work through private-sector partnerships.
Podcast: A Small Bank Tackles Rural Housing Affordability
Christie Obenauer’s family-owned bank had a problem. Based in a rural county in western North Dakota, her community had been dealing with the prospect of population decline, but then the North Dakota energy boom brought an influx of newcomers. “It’s a wonderful problem to have.”
Nichols Cautions Voters on Risks of Public Banks
As voters in Los Angeles prepare to vote on a measure authorizing the city to create a government-run bank, ABA President and CEO Rob Nichols in an op-ed urged them to consider whether the benefits of such an institution would outweigh the risk posed to taxpayers. “A scattered business focus, undue political influence and a