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Analysis of Alternative Financial Service Providers

In many urban areas around the United States, certain neighborhoods have few, if any, traditional financial services available for local residents. This intriguing report, produced by the Urban Institute Metropolitan Housing and Communities Policy Center (for the Fannie Mae Foundation), explores the alternative financial service providers (such as check-cashing outlets) that some 56 million adults throughout the country use on a regular basis. Authored by Noah Sawyer and Kenneth Temkin, this 34-page report looks specifically at the alternative financial service market in eight diverse demographic and regulatory environments, including Cook County in Illinois and Miami-Dade County in Florida. The report contains five major findings, including the observation that alternative providers tend to cluster in neighborhoods with a higher share of minority and low-income residents, and the more interesting discovery that neighborhoods often contain both traditional banks and alternative providers, which casts some doubts about existing hypotheses in the field. The report concludes with some questions and suggestions for future research.
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Date of Scout Publication
March 5th, 2004
Date Of Record Creation
March 4th, 2004 at 8:29am
Date Of Record Release
March 4th, 2004 at 8:29am
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Subject: Comment On: Analysis of Alternative Financial Service Providers
Posted By: DanPimental57
Date Posted: 12/2/21 12:04am
There is as yet no generally accepted theory to guide finance reform efforts; they are saying that they want their schools to be more "productive. Broadly speaking, school finance reform is concerned with the amount of per-pupil funding that schools receive from the state, making it an easily quantifiable metric that reformers can use to highlight disparities between wealthy and poor, majority white and majority minority schools.