Banking Resources – Search Results
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ILSR Comment Letter Raises Concerns about Big Tech’s Expansion into Finance
In a comment letter to the Consumer Finance Protection Bureau, ILSR raised several areas of concern that the agency should examine as part of its inquiry Into Big Tech payment platforms.… Read More
Statement from the Institute for Local Self-Reliance on Today’s Reintroduction of the Bank Merger Review Modernization Act
“As community and local financial institutions disappear or merge with larger banks, more entrepreneurs and business owners are struggling to obtain the capital they need to start and grow their businesses,” said ILSR’s Stacy Mitchell.… Read More
Senate Testimony: Concentration is at the Root of Rural Distress
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
Our Guide Gives State and Local Leaders Tools to Fight Corporate Monopolies
As state and local leaders grapple with how to create a true recovery — one that lifts wages, fosters small businesses, and rebalances power — combating outsized corporate power is a key strategy. Check out ILSR’s guide to antimonopoly policies for states and cities. … Read More
Report: Fewer Small Businesses are Receiving Federal Relief Loans in States Dominated by Big Banks
A significantly larger number of federal relief loans are reaching small businesses in states where small, local banks comprise a greater share of the market, compared to states where big banks are more dominant, an ILSR analysis has found. … Read More
Capping Credit Card Swipe Fees
Every purchase you make with a card has a swipe fee baked in. These fees alone make billions for big banks and card companies. We need to cap them.… Read More
Distribution of Credit Card Loans by Banks Size, 1994-2018
Credit card lending has seen major growth for banks in the past decades. Giant banks dominate credit card lending today, with a 65 percent share.… Read More
Number of New Banks Created by Year, 1993 to 2018
The number of community banks has declined sharply in the last decade. Most of the decline is owed to the fact that virtually no new banks have been created since 2009. Why the sudden absence of new banks?… Read More
Share of Deposits by Size of Institution, 1994 to 2018
The share of U.S. deposits held by the largest financial institutions has exploded from 8 percent in 1994 to 52 percent in 2018, as these three charts show.… Read More
Number of Banks in the U.S., 1966-2017 (Graph)
The total number of commercial banks in the U.S. began a period of dramatic decline in the late 1980s and early 90s. … Read More
Bank Market Share by Size of Institution, 1994 to 2018
As these six graphs show, bank market share has changed dramatically between 1994 and 2018 as giant banks have come to dominate the banking sector.… Read More
Small Business Lending by Size of Institution, 2018
In 2018, community-based financial institutions made 52 percent of all small business loans, even though they controlled only 16 percent of banking assets.… Read More
Distribution of Deposits and Assets by Size of Bank, 1994-2018
In the past decades, both total bank assets and total deposits have concentrated at the giant banks, those with over $100.2 billion in assets.… Read More
Small Business Loans as a Share of Assets, 2018
Small and mid-sized financial institutions devote a greater share of their assets to small business lending than big banks.… Read More
Op-Ed in Fortune: The Hidden Price of Cashless Retail
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