DC Public Banking

The D.C. Department of Insurance, Securities, and Banking released its long awaited feasibility study on public banking undertaken in 2018. The report details needs faced by D.C. residents, businesses, neighborhoods, and other stakeholders, covering Affordable Housing, Public Infrastructure Financing, Student Loans, Small Businesses, Non-Profits, Environmental and Sustainability, Business and Economic Development, and Consumer Issues. It also explores legal, financial, regulatory, and governance challenges to establishing and operating a public bank in the District.