Contributors: John Crawford, Morgan Ricks, Lev Menand, Aaron Klein, Robert Hockett, Abbye Atkinson, Simon Potter, Julia Coronado, Sheila Bair, James McAndrews, Yesha Yadav, Sarah Bloom Raskin, Mehrsa Baradaran, and Christopher Giancarlo
September 1, 2020
James McAndrews, TNB USA Inc., and the Wharton Financial Institutions Center
The Center for Responsible Lending reported in June 2020 that U.S. banks collected over $11 billion in overdraft fees annually
Author: Lev Menand & Morgan Ricks
Contributors: Mehrsa Baradaran, Michael O'Malley, Michael Ralph, Stephanie Jones-Rogers, David Freund, Destin Jenkins, Devin Fergus, Peter Hudson, Camille Walsh, Tanay Tatum-Edwards, Shennette Garrett-Scott, K-Sue Park, and Sarah Quinn.
In several historic moments of banking or monetary reform, issues of race were inextricably tied to issues of money.
Virtual Roundtable— "Making Money American: The Monetary Regimes of the New United States"
Corinne Zellweger-Gutknecht, University of Basel, Benjamin Geva, Osgoode Hall Law School, Seraina N. Gruenewald, Radbound University Nijmegen
The modern monetary system is controlled by the state and yet linked to private deposit banking. Monetary value held in deposits with commercial banks is known as ‘commercial bank money’ (CoBM).