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Matt Fellowes

Entries by Matt Fellowes

Payday Lending's Final Payday?

(9) Comments | Posted July 22, 2010 | 10:46 AM

While the financial reform law that was signed by President Obama yesterday signaled a renewed interest in Washington to regulate go-go bankers, it may have an even greater impact on "fringe banking" -- the high-cost, dead-end alternative banking industry that includes payday lenders and check cashers. Regulators across the country...

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The Color of the Mortgage Crisis

(6) Comments | Posted June 25, 2010 | 5:27 PM

As the lessons of the mortgage crisis are studied by historians in the coming years, a significant and widely overlooked consequence that will no doubt emerge is how it's set back the economic mobility of minorities in this country by at least 20 years.

The statistics...

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Capitalism for All?

(12) Comments | Posted June 16, 2010 | 5:38 PM

For all the failures of bankers and policymakers to tame the unbridled innovations of capitalism in recent years, many of us have also lost our own way financially--and it's costing us hugely. American consumers are losing hundreds of billions of dollars in unnecessary banking and checking fees, inflated interest rates,...

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