California Public Banking Alliance
Who we are
The California Public Banking Alliance (CPBA) is a coalition of public banking activists in California working to create socially and environmentally responsible city and regional public banks.
Public banking serves as a powerful tool to keep taxpayer dollars in local communities.
It is time to take power back from Wall Street banks, and reinvest in Main Street. It is time to fundamentally change how money flows through our local economies and start empowering our communities from the ground up. We must change from a model of financial stripmining and extraction, to one of sustainable growth and regeneration.
With a bank operating for the people instead of private shareholders, the flow of capital can better reflect the values of our local communities. This can be ensured by creating public banking charters based on a framework of responsibility, transparency and accountability.
Through locally controlled public banks, chartered with socially and environmentally responsible mandates, we can build a public banking model to become a nationwide network of People’s Banks, 100% responsive to the needs of our local communities.
The banks would in turn provide credit to fund public infrastructure projects and reinvest in local communities, while simultaneously reducing expenses previously incurred from extractive private banks.
The municipal bank model holds the potential to improve many areas that directly impact our communities including: low-income housing, small business development, infrastructure and energy, and serving the needs of unbanked and underbanked populations.