Statement from the Institute for Local Self-Reliance on Today’s Reintroduction of the Bank Merger Review Modernization Act

Date: 30 Sep 2021 | posted in: Banking, Press Release, Retail | 0 Facebooktwitterredditmail

“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

Date: 27 Apr 2021 | posted in: Banking, Retail | 0 Facebooktwitterredditmail

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

Date: 15 Jul 2020 | posted in: Banking, Press Release, Retail, Waste to Wealth | 0 Facebooktwitterredditmail

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

Date: 29 Apr 2020 | posted in: Banking, Retail | 0 Facebooktwitterredditmail

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

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