Marcie Sillman talks with Michael Barr, professor of law at the University of Michigan and author of "No Slack: The Financial Lives of Low-Income Americans," about possible solutions for Americans who don't use traditional financial services.
Attorney General Eric Holder recently said that legal marijuana businesses need access to bank accounts as a public safety issue. Bankers and pot entrepreneurs hailed those comments as an important step. But they said it will take a change in federal law to make banks truly open their doors.
We discuss the economy a lot on The Conversation. From the effects of the recession to financial planning, money is always in the news. Today, we rebroadcast some of our best interviews with economists and financial reporters, including a talk with Paul Krugman in front of a live studio audience.
Most people need bank accounts. But these days a relatively minor mistake like a bounced check can get you banned from a bank for up to seven years. Ross Reynolds talks to Jerry DeGrieck, the senior policy adviser to Seattle Mayor Mike McGinn, about how this is hurting low-income people who just need a way to cash their checks and keep money safe.
After numerous high-profile lawsuits against tech companies, a Bellevue-based patent company is now setting its sights on the financial industry.
On Tuesday, Intellectual Ventures announced it has filed lawsuits against two banks, JP Morgan Chase and Fifth Third Bank, for patent infringement. This is Intellectual Ventures’ second round of lawsuits targeting financial firms in the past week. On May 29, the company filed suit against First National Bank of Omaha and PNC.
It’s estimated that about 8.2 percent of US households don’t use bank accounts. Not only that — 20.1 percent of households are considered “underbanked,” meaning they use bank accounts but still opt for payday loans, check-cashing services and other alternatives. This is according to a recent survey by the Federal Deposit Insurance Corporation.
So why aren’t people using banks? Ross Reynolds talks to some of the un- and underbanked.
Roe v. Wade became the law of the land 40 years ago, but the battle over abortion rights continues today. The past two years saw new restrictions on access to abortion in many states. A recent Pew poll found steady public support for the Roe v. Wade decision, but there's also some confusion — more than half of those under 30 did not know what issue the case dealt with. Sarah Weddington argued Roe v. Wade before the US Supreme Court in 1971 and 1972. She joins us with an assessment of the present and future of women's reproductive rights.