Credit Invisibles and Thin Files: Using AI to Bank the Unbanked
by Lauralee Dhabhar, on Jul 29, 2022 10:37:53 AM
According to a 2019 report by the Federal Reserve, 22% of American adults are unbanked or underbanked. This situation is driven by historical practices such as relining and other policies designed to segregate communities based upon race and income. While most of those policies are no longer in effect today, their legacy remains. Almost 1/4 of our nation's population lacks the ability to build generational wealth and move beyond their current economic status.
Strategic Communications Manager Kristina Drye and our panel of subject matter experts explore the history of the unbanked in the United States, today's situation, policy issues, and how we can change our financial structures in the webinar recording below.
Amarynth Sichel, Independent Researcher
Courtney Cardin, Advisor, Common Future
Lauren Paul, Director of Partnerships and Policy, Common Future
Title Image: rad fx/Shutterstock.com
Further Resources for your consideration:
The Theory of Money and Credit, by Ludwig Von Mises
Debt: The First 5,000 Years, Updated and Expanded, by David Graeber
Debtor Nation: The History of America in Red Ink, by Louis Hyman
The Making of Ferguson: Public Policies and the Root of its Troubles, by Richard Rothstein
For further information about The Common Future Policy Incubator mentioned by Lauren and Courtney, visit them at Common Future.