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Councilmember Derek Green hopes to create a public bank for Philadelphia. Here’s how it could work.

State law prevents Philadelphia from directly establishing a public bank. But Green is proposing a workaround that involves Council this year creating a new Philadelphia Public Finance Authority.

Philadelphia City Councilmember Derek S. Green has been working for years to bring public banking to Philly.
Philadelphia City Councilmember Derek S. Green has been working for years to bring public banking to Philly.Read moreMichelle Gustafson