San Francisco sets timeline for launching public bank — the first in California

//San Francisco sets timeline for launching public bank — the first in California

San Francisco sets timeline for launching public bank — the first in California

San Francisco officials are working to launch the city's own public bank, which would be the first in California and the second in the country after North Dakota. Legislation introduced Tuesday by Supervisor Sandra Fewer will create a task force to set up a business plan for the public bank, the San Francisco Examiner reports. The first deadline is June 30, 2020, when the first effort to create a business plan is due. A new state law signed by Gov. Gavin Newsom earlier this year allows charter…

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By | 2019-11-13T15:28:04+00:00 November 13th, 2019|Economics|

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