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In New York, growing support for a public bank

May 20, 2019 - American Banker

Community activists in New York City have launched an all-out bid to establish a public bank in the nation's largest banking market, and they say they aren't deterred by recent public-banking setbacks in Seattle, Los Angeles and a number of other cities and states.

Launched a year ago with the backing of three community organizations, the effort now has the support of more than 20 groups, according to its organizers.

The coalition of supporters - including affordable housing advocate...