Public Banks: A Lousy Idea Whose Time May Come

What the interest in this panacea says about the credit union industry.

By Henry C. Meier, Esq. | June 13, 2023 at 10:00 AM

image of the U.S. Capitol surrounded by money

New York State's legislative session came to an end on Saturday. Fortunately, another year went by without the passage of legislation, supported by the Chairs of the Assembly and Senate Banks Committees, to create a so-called public bank.

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