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Decentralized Finance: The Solution to the Nation’s Unbanked Population?

May 4, 2023 by Meggie Hartje Banking and Finance

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 Bias Against the Unbanked

February 8, 2023 by Stephen T. Day Banking and Finance

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…

Eliminating Interest Capitalization on Student Loans is a Win for Borrowers

February 7, 2022 by John Huston Banking and Finance Education Tax Policy

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…

Banking & Poverty: The Case for Eliminating Account Maintenance Fees

December 9, 2021 by David E. Beale Banking and Finance

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…