Press Release

Wednesday, April 7, 2021

(Sacramento, CA)AB 221 “Emergency Food Assistance for All”, joint-authored by Assemblymembers Miguel Santiago (D-Los Angeles) David Chiu (D-San Francisco), and Robert Rivas (D-Hollister) and principal co-authored by Senator Susan Rubio (D-Baldwin Park) has passed out of the Assembly Human Services Committee on a 7-0 vote.

Wednesday, April 7, 2021

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Tuesday, April 6, 2021

Escalating overdraft charges. Minimum balances. High ATM, check-cashing and debit card fees.

Banking can be expensive, especially for low-wage workers.

A score of California lawmakers have signed on to a new bill designed to offer Golden State households free financial services, taking on the state’s powerful banks at a time when easier access to banking services could help families cope with the economic fallout of the COVID-19 pandemic.

Thursday, April 1, 2021

Sofía Lima trabaja en dos restaurantes de comida rápida en San Francisco, California.

Sin embargo, la falta de una cuenta bancaria por no tener los documentos necesarios le ha hecho perder cientos de dólares a través de los años.

Hasta el momento su única opción para cambiar sus cheques del trabajo es viajar en autobús media hora a una tienda de abarrotes donde paga $12 por cada cheque de $1,000 que cambia.

Monday, March 29, 2021

Los Angeles Assemblymember Miguel Santiago has introduced legislation that would form a state panel to create a no-fee, no-penalty bank account supported by the state and managed by existing financial companies.

Unlike a previous attempt by Santiago to create public banks, this time around, the legislation, Assembly Bill 1177, would form a Public Banking Option Board, which would partner with existing financial institutions to offer the free accounts statewide through a "BankCal" program.

Saturday, March 27, 2021
Friday, March 26, 2021