Radical change is possible in the banking sector. It’s already happened, actually. Over the past 30 years, the U.S. banking sector went from one dominated by small, community banks to one dominated by massive, global banks. Public policy was a major driver of that shift.
Some have spent the last decade or longer searching for ways to restore some community-mindedness to the banking sector. That search has found more momentum recently, due to the urgency around responding to climate change, continued racial inequity, and now COVID-19.
Read more at Next City.