The American Prospect, May 1, 2023, Fintech’s Latest Scheme
These days, that’s hard to come by. According to a February 2022 report from the National Community Reinvestment Coalition, banks have rapidly closed since the Great Recession, a trend which accelerated throughout the pandemic. In numerical terms, from 1984 to 2021, the number of banking institutions dropped from 18,000 to 5,000.
