ILSR supports the Consumer Financial Protection Bureau’s proposed “open banking” rule to establish important guardrails for digital banking. But it needs additional provisions to ensure...
ILSR co-hosted a virtual press event alongside consumer advocates, antimonopoly reformers, and small businesses urging Congress to pass the Credit Card Competition Act.
In Nonprofit Quarterly, ILSR Senior Researcher Kennedy Smith describes the federal Equitable Lending Leaders program and some of its biggest lessons.… Read More
Our fact sheet explains how credit card monopolies and banks are imposing swipe fees to profit at the expense of small business and consumers.
For the past year, ILSR and Recast City have collaborated on bringing Equitable Lending Leaders, a program to help small business lending programs reach more...
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...
“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...
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...
For this episode of the Local Energy Rules podcast, host John Farrell speaks with Greenpenny’s Jason MacDuff. They discuss what’s needed for a prompt clean...
Stacy Mitchell explains why independent pharmacies are beating the chains in vaccine distribution. Small pharmacies have proved remarkably nimble, while CVS and Walgreens have stumbled.
After Congress authorized a second round of PPP funding in May, news stories suggested that the big banks, like JP Morgan Chase and Bank of...
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,...
In the American Prospect, ILSR Legal Fellow Shaoul Sussman explains that it is almost impossible for small businesses selling on Amazon’s platform to borrow from...
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...
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