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…
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…
November 3, 2022
by Rebecca Richard
Banking and Finance
Criminal Justice
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…
October 6, 2022
by Julianna Pasquarello
Banking and Finance
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…
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…
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…