The United States has two separate banking systems today—one serving the well-to-do and another exploiting everyone else. How the Other Half Banks contributes to the growing conversation on American inequality by highlighting one of its prime causes: unequal credit. Mehrsa Baradaran examines how a significant portion of the population, deserted by banks, is forced to…
By Dave Jamieson – February 11, 2015 With the idea of postal banking becoming more mainstream in the U.S., the head of the largest union of postal workers says he plans to make a revived banking service part of his union’s upcoming contract talks with the U.S. Postal Service. Mark Dimondstein, president of the American…
Nearly 17 million American adults live in households where no one has a checking account; more than 50 million more have a checking account, but also have to rely on things like payday lenders and check cashing stores, according to a new report from United for a Fair Economy. These numbers include more than half…
