Public policy debates in the United States are often framed as efforts to protect consumers from corporate power. However, when policies are designed without adequate consideration of structural inequality, they can unintentionally reinforce systemic racism and deepen financial exclusion. As recently articulated by Paul Weinstein Jr. and Malena Dailey of the Progressive Policy Institute, The Durbin Amendment to the Dodd-Frank Act of 2010 illustrates how a well-intended economic regulation disproportionately harmed low-income households and Black and Brown families by weakening access to affordable banking and financial stability.
Read Full Article »
