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14min chapter
S6 Ep10: BNC: Unpacking the 1 Year Collapsiversary of SVB, Exploring Banking Deserts, and Is This the End of BaaS Innovation(?)
Fintech Takes
Bank Branch Closures and Economic Impact
Exploring the repercussions of bank branch closures on low-income areas, this chapter discusses how these closures can worsen banking deserts and hinder economic development in vulnerable communities. The conversation emphasizes the significance of community banks like Midwest Bank Center in revitalizing neighborhoods and supporting local businesses. Additionally, it humorously touches on a conspiracy theory about Chase Bank branches near Chick-fil-A locations and criticizes elected officials for meddling in banking regulations.
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