Featured
Article
filed under
Banking
| Written by
Stacy Mitchell
|
| Updated on
Nov 27, 2012
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/free-checking-rare-big-banks-common-small/
While just 24 percent of big banks offer totally free checking, more than 60 percent of credit unions and small banks do, according to a new report from the U.S. Public Interest Research Group. The report also found that credit unions and small banks have lower fees on average and do a better job of disclosing fees to prospective customers. Continue reading
Featured
Article
filed under
Banking, Independent Business
| Written by
Stacy Mitchell
|
| Updated on
Oct 17, 2012
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/big-lend/
A critical function of our banking system is financing small businesses. But big banks are doing a rotten job of it. At the nation’s largest banks, small business lending has plunged 33% since 2009. Trying to cajole or compel them to do more won’t make much difference because the problem is largely inherent to their scale. Continue reading
Resource
filed under
Banking, Independent Business
| Written by
Stacy Mitchell
|
| Updated on
Oct 17, 2012
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/small-business-lending-charts/
Although they control only 21% of U.S. bank assets, small and mid-sized banks provide 54% of small business loans. Continue reading
Resource
filed under
Banking
| Written by
Stacy Mitchell
|
| Updated on
Oct 16, 2012
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/change-share-assets-devoted-small-business-lending-2009-2012/
As a share of their total assets, small business lending at the nation’s largest banks fell by 33% in three years. Continue reading
Rule
filed under
Banking
| Written by
admin
|
| Updated on
Aug 17, 2012
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/rule/depositing-public-funds-in-local-banks/local-responsible-banking-resolution-portland/
This resolution directs the City Treasurer to shift up to $2.5 million in city funds to local financial institutions. Continue reading
Resource
filed under
Banking
| Written by
Stacy Mitchell
|
| Updated on
Jun 11, 2012
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/percentage-bad-loans-size-bank/
As this chart shows, giant banks (those with more than $100 billion in assets) consistently make poorer lending decisions and write-off more bad loans than community banks (those with under $1 billion in assets). Continue reading
Rule
filed under
Banking
| Written by
admin
|
| Updated on
May 24, 2012
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/rule/depositing-public-funds-in-local-banks/responsible-banking-act-los-angeles/
Banks that wish to do business with the City of Los Angeles must annually submit information on their lending and investments in each of the city’s census tracts. Continue reading
Rule
filed under
Banking
| Written by
admin
|
| Updated on
May 18, 2012
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/rule/market-share-caps/market-share-cap-safe-banking-act/
Introduced by Senator Sherrod Brown on May 9, 2012, the following bill would place size and leverage limits on big banks, forcing the largest four banks in the country to downsize. Continue reading
Featured
Resource
filed under
Banking
| Written by
Stacy Mitchell
|
| Updated on
May 18, 2012
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/distribution-bank-assets-size-institution-2011-vs-2007/
More than three years after their reckless greed triggered the Great Recession, the nation’s biggest banks have paid almost no penalty and are bigger than ever, as these two graphs illustrate. Continue reading
Rule
filed under
Banking
| Written by
admin
|
| Updated on
May 17, 2012
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/rule/market-share-caps/
In 1994, Congress adopted a policy that bars a bank from buying another bank if the combined entity would hold more than 10 percent of the country’s deposits, but the policy has several flaws that have allowed at least two banks to exceed the cap. Continue reading
