Another Voice: An alternative to forming a public bank


Recently there has been growing support to form a public bank that provides financial services for the underserved, including the multibillion-dollar cannabis industry, and extending credit to fund much needed infrastructure development and affordable housing.

A public bank is controlled and funded by a government body rather than private investors, and may not be FDIC insured. Advocates for public banks are forming committees and proposing legislation at the national and state levels, and in…

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