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Banks Reducing Branches Especially In Poor Areas

Tuesday, February 22, 2011 - 8:27 PM
From the New York Times:
In 2010, for the first time in 15 years, more bank branches closed than opened across the United States. An analysis of government data shows, however, that even as banks shut branches in poorer areas, they continued to expand in wealthier ones, despite decades of government regulations requiring financial institutions to meet the credit needs of poor and middle-class neighborhoods.

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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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