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Senate Testimony: Concentration is at the Root of Rural Distress

Senate Testimony: Concentration is at the Root of Rural Distress

Katy Milani

April 27, 2021

The Senate Committee on Banking, Housing, and Urban Affairs invited Co-Director Stacy Mitchell to testify at its April 20th hearing on the state of the rural economy. Stacy spoke on why rural America is in crisis and attributed the widening gap between struggling rural towns and coastal supercities to the concentration of corporate and financial power.  READ MORE


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Senate Testimony: Concentration is at the Root of Rural Distress

Senate Testimony: Concentration is at the Root of Rural Distress

Published by: Katy Milani

April 27th, 2021

"At the root of much of rural America’s distress is the concentration of economic and financial power," ILSR Co-Director Stacy Mitchell testified before the U.S. Senate Banking Committee on Tuesday, April 20th. "We have a few superstar cities mostly on the coasts th[...]


Distribution of Credit Card Loans by Banks Size, 1994-2018

Distribution of Credit Card Loans by Banks Size, 1994-2018

Published by: ILSR

May 15th, 2019

Credit card lending has seen major growth in the past decades. With that growth has come almost unparalleled concentration. Today, about half of all credit cards are issued by giant banks, who also dominate the amount of total credit extended. That[...]


Number of New Banks Created by Year, 1993 to 2018

Number of New Banks Created by Year, 1993 to 2018

Published by: ILSR

May 14th, 2019

The number of community banks has declined sharply in the last decade. A significant share of the decline is owed to the fact that virtually no new banks have been created since 2009. Between 2004 and 2008, before the financial[...]


In Depth

Op-Ed in Fortune: The Hidden Price of Cashless Retail

Op-Ed in Fortune: The Hidden Price of Cashless Retail

Charlie Thaxton

April 3, 2019

In Fortune, we detail the growing cashless retail trend, steps cities and states are taking to regulate it, and the ultimate effect monopoly credit card companies like Visa and Mastercard have on small businesses and the economy at large.  READ MORE


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