In 2021, 6% of U.S. adults were what is known as unbanked, meaning they did not have a checking, savings, or money market account.[1] This population of unbanked individuals were significantly more likely to have low income; 79% of all unbanked adults…
Microfinance disrupts the bias against the unbanked throughout international finance that continues to undermine the growth of small businesses around the globe. Entrepreneurs in rural emerging markets are often ignored by banks and other traditional…
Real estate investment trusts (REITs) were heralded in the 1960s as a promising low-stakes investment option for individuals to bridge the wealth gap produced by unequal access to the stock market. Private prisons, often funded through private investments…
Introduction In recent years, the Federal Trade Commission (“FTC”) and Department of Justice (“DOJ”) have seen a staggering 101 percent increase in first requests for merger approvals over pre-pandemic levels.[1] In response, President Biden’s…
In the fall of 2021, the U.S. Department of Education (“Department”) began the rulemaking process to amend federal student loan regulations to eliminate interest capitalization events for student loan borrowers.[1] Under current Department regulations…
The U.S. banking system “has become a reverse Robin Hood, taking money from those with less and giving to those who already have.”[1] A recent survey by the Federal Deposit Insurance Corporation (FDIC) indicated that over seven million unbanked individuals…
by Michael Weinberg
By Jamie Cernek
by Ibe Alozie
