HUGE WINS 🔥The CalAccount Program #AB1365 cleared its first two hurdles: Assembly Banking & Finance and today in Labor & Employment. Momentum is building toward a future where every Californian can access a safe, zero-fee public banking option that actually works for us.
quote of Sandra Jauregui “I’m going to keep fighting for a fair paycheck, that puts me in a situation where these fees won’t be so harmful for me and my family, but until then – for everyone else going through what I’m going through now - the amount CalAccount would save my family will make a big difference.”
CalAccount would be the nation’s first state-backed fee- and penalty-free basic banking program that would be available to all.
CalAccount would save Californians overdraft fees, account maintenance fees, ATM fees, money order fees, and check cashing fees. #AB1365 #CALeg
IT'S HAPPENING: The California Assembly Labor Committee has PASSED #AB1365, bringing us one step closer to making CalAccount a reality.
This comes after Monday's passage out of the Assembly Committee on Banking and Finance
bsky.app/profile/cafa...
#AB1365 - Too many Californians are locked out of basic banking and forced into predatory check-cashing scams. AB 1365 creates #CalAccount zero-fee, zero-penalty banking for all. No more payday traps. Just economic empowerment.
Everyone deserves access to safe, affordable financial services. The Assembly Banking Committee's approval of #AB1365 & #CalAccount offers a lifeline, moving #California closer to ensuring everyone has access to essential financial services. #ProtectConsumers #Caleg #leg #AB1365 #YesOnAB1365
Today Sandra testified that CalAccount will provide Californians like her with access to a no-cost, penalty-free bank account.
#AB1365 #YesOnAB1365 #caleg
Millions of Californians lack access to basic banking due to unnecessary barriers.
@rooseveltinstitute.org breaks down the importance of #AB1365
#CALeg
Can not WAIT to create a fee free online public banking platform in California #AB1365
legiscan.com/CA/text/AB13...
Today is Rise Economy's 2025 Lobby Day!
We're in Sacramento alongside allies and members of our statewide coalition to speak directly to legislators about our fight to build a more equitable economy for CA communities.
#RELobbyDay25 #ResistReinvestRebuild #CRA4CA #AB801 #CalAccount #AB1365 #caleg
IT’S OFFICIAL: A state-backed, no-fee, no-penalty account—is up for consideration in the California state legislature.
Read the @rooseveltinstitute.org ’s latest report on how the CA Treasurer’s CalAccount program could transform financial access in California. #AB1365 #CALeg
bit.ly/43CbS2B