In an effort to create more capital for local business loans and community development, the city of Santa Cruz, California, has shifted nearly $600,000 in city funds from U.S. treasuries and other securities to two locally owned financial institutions. Santa Cruz City Councilor Ryan Coonerty proposed the idea, which he says will bolster the local economy by keeping the city’s financial resources working locally. … Read More
Feature Stories:
Rogue Agencies Gut State Banking Laws — On the Cutting Edge — Feds Swat State Support for Medical Marijuana — Mapping the Internet… Read More
The only reason you’re not afraid of the Office of the Comptroller of Currency and the Office of Thrift Supervision is because you don’t know what they do. Called indentured servants to the national banking industry, they are dismantling the state regulatory system piece by piece, with nothing more than a polite scolding from Congress. If … Read More
Feature Stories:
Deep Pockets or Open Hans: Credit Unions Struggle Over Size — Hogging the Market — Got (Local) Milk — A Case of the Good Stuff… Read More
Inone of the most significant decisions of Tuesday’s election, San Francisco voters approved a ballot measure prohibiting automated teller machine (ATM) surcharges within the city. The vote marks a major victory in the growing effort to outlaw the fees. San Francisco will join the city of Santa Monica, Calif., and two states, Iowa and Connecticut, in prohibiting ATM surcharges. By Stacy Mitchell – originally published in Twin Cities Star Tribune, November 4, 1999
This speech by David Morris was originally presented at a conference entitled “Growing Equity: Assets and Opportunities for Communities Left Behind,” hosted by the Corporation for Enterprise Development in Washington, D.C., on December 4, 1997.… Read More
In 1976 ILSR published “Public Banking: A Model for the District of Columbia.” The brief by Bill Batko offered a detailed discussion of a neighborhood based banking system with the city of 750,000 acting as a central, wholesale bank.… Read More
